Before deciding to file bankruptcy, you should consider a few other alternatives. Before filing, try other options available to you to pay off your debts. Contact your creditors and try to negotiate for a loan settlement […]
Chapter 7 bankruptcy is the easiest form of bankruptcy to understand and also the most widely used. In Chapter 7, if the debtor has assets not protected by an exemption, a court appointed trustee may sell […]
The bankruptcy means test was created to determine if the filing party’s income is low enough to qualify for Chapter 7 bankruptcy. The means test is a formula that is meant to keep individuals with higher […]
Chapter 11 bankruptcy is usually offered to business with large debts. Although it’s uncommon, consumers may file for Chapter 11 in some instances. Chapter 11 allows the debtor to propose a plan for repayment, while temporarily […]
Chapter 13 bankruptcy varies by each district that it occurs in but is uniformly powerful. It is a reorganization plan for an individual with regular income who can make some payment to creditors. Unless they choose […]
Many different individuals come to the table when it comes to filing for bankruptcy, whether it be through Chapter 7 or Chapter 13. A bankruptcy trustee is one of these key individuals, but not everyone understands […]
If declaring bankruptcy, all companies must declare bankruptcy through a lawyer. Individuals don’t have to utilize a lawyer, but they should consider this option. Believe it or not, a bankruptcy attorney can assist you with reducing […]
When a debtor is considering filing for bankruptcy, many look forward to some financial relief coming in the form of his or her debts being discharged. However, not all debts can be discharged. In fact, student […]
Bankruptcy is difficult and it could happen to any of us. If that happens, keep in mind that life isn’t over and you still have plenty of things in your life which can bring you profit. […]