by: Legal Helpers.
Chapter 13 of the bankruptcy code gives debtors the opportunity to repay some or all of the debts that are in their name, in better terms, lower or no interest. Debtors have the ability to use income they have in the future to pay off cre...
by: Jon Arnold.
Sometimes situations arise when you can no longer pay your bills. Although you may have the best intentions of paying off your debt, you simply may not have the means to make this happen. When you can no longer pay your bills, you may ne...
by: Albert Alexander.
Bankruptcy is a federal court process designed to help consumers and businesses eliminate their debts or repay them under the protection of the bankruptcy court. Bankruptcy is an option that often has to be considered when an individual ...
by: Williamblake.
When bankruptcy becomes a necessity because of a bad financial situation, an individual will have to determine whether they should file for Chapter 7 or Chapter 13 bankruptcy. Understanding the differences between them is very important b...
by: Muna wa Wanjiru.
From time to time someone may become bankrupt. As there are different forms of bankruptcy the person will need to decide what type of action to take. For the person who is unsure about the type of bankruptcy filing action to take they nee...
by: Apurva Shree.
The bankruptcy laws as defined in the bankruptcy code of the United States have been categorized into various chapters and one of the most common types of bankruptcy is chapter 7 bankruptcy. The concept of bankruptcy that a common man has...
by: Jon Arnold.
There are several different types of bankruptcy. The one people most commonly think of is chapter 7 bankruptcy. It can be confusing to know which of the types of bankruptcy is appropriate in your situation. Here is some information on ...
by: Legal Helpers.
A New Beginning With Bankruptcy - Chapter 7 BankruptcyNo one ever expects it to happen but everything get out of control and you are in debt far over your income. No one wants to think about filing bankruptcy but sometimes you just don't ...
by: Adrianfletcher.
For anyone that has financial difficulties, one option is to file for bankruptcy. You should never enter into this lightly, but if you do decide that this is the best option then learn as much as you can beforehand. This article will cover...
by: KMArticles.
If your business is failing, you may be facing the possibility of Bankruptcy Chapter 11. Innocent mistakes often cost otherwise successful businesses their security and peace of mind. Filing bankruptcy chapter 11 is a decision that only yo...
by: Scott Goodman.
Corporations who get into deep financial trouble can file Chapter 11 bankruptcy. Herein the courts will order the company's creditors to stop pursuing monies that have been extended to the business in the form of credit.Reasons For Filin...
by: Jared Myers.
Chapter 11 bankruptcy has also been termed "Re-organization bankruptcy". It's the most familiar type of insolvency in the United States. It is typically used in large organizations or businesses dealing with financial crisis. But it ...
by: Legal Helpers.
There are two broad forms of bankruptcy, no matter your definition - Liquidation and reorganization. Liquidation is provided for in the United States under Chapter 7 of the Bankruptcy Code while Reorganization is covered under chapters11,...
by: Peter Kenny.
Most people are familiar with the word bankruptcy, but many do not know much about Chapter 7 bankruptcy. This article deals with some of the more common issues associated with this particular form of bankruptcy.First of all, Chapter 7 is ...
by: Damian Sofsian.
Bankruptcy is a legally declared inability of individuals or businesses to discharge their debts. A declared state of bankruptcy can be requested not only by creditors in an effort to get what they are owed but also by the insolvent indi...
