by: Damian Sofsian.
An individual, a partnership, or a corporation or other business entity is eligible for relief under chapter 7 of the Bankruptcy Code. A husband and wife may file a joint petition or individual petitions. A debtor files chapter 7-bankrup...
by: Kris Koonar.
When you decide to file a Chapter 13 bankruptcy, the legal process grinds into gear. The petition, the document asking the court to bring you relief under chapter 13 of the United States Bankruptcy Code, is a simple two page form, signed ...
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.
Now days, with the wide availability of bankruptcy form processing services on Internet, filing bankruptcy online has now become easier and the good part of the story is that the process is very easy and time saving. If you understand the...
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: Mike Singh.
Sometimes people consider bankruptcy to be an easy option to free themselves from the burden of mounting debt. In fact, rather than addressing the root of the problem this the first option that comes to their mind. The truth is that this ...
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...
