Some people refer to Chapter 7 bankruptcy as a liquidation of debt. This type of bankruptcy allows the courts to discharge an individual’s debt as long as the debts meet certain guidelines. The courts created this type of bankruptcy to
Unfortunately, since the economic downturn, more individuals and businesses have faced bankruptcy. When most people think of bankruptcy, they think of Chapter 7. However, there are individuals who want to know when to file Chapter 13 bankruptcy. Although not necessarily
Chapter 11 is a type of bankruptcy that primarily businesses file to help them with reorganization and to help alleviate their financial burdens. Although this type of bankruptcy is geared towards corporations, small businesses can also file it. It is
The Bankruptcy law in the United States helps to ensure that individuals are not under undue burden as a result of their debts. If you are under financial stress due to your debts, you may be able to eliminate all
When you file for Chapter 7, you can get a new financial start. Not only have all of your dis-chargeable debts have been eliminated; your creditors are no longer contacting you. However, after a bankruptcy discharge, you must find a