Does Chapter 7 Eliminate Debt?

Many debtors believe that by filing for bankruptcy their debt will be erased. Unfortunately, this is not entirely true. The type of debt the individual has and the chapter of bankruptcy he or she decides to file will be major factors in deciding the type and amount of debt that is erased. These individuals may be particularly interested in Chapter 7 and wonder does Chapter 7 eliminate debt. What Is Chapter 7 Bankruptcy? Chapter 7 bankruptcy was designed to help… Read More >

Small Business Facing Financial Troubles Should Consult a Small Business Bankruptcy Lawyer

Is your small business in severe financial trouble? Have you asked yourself if bankruptcy would help? There are several questions that you should ask yourself before you begin the process. Consulting with a small business bankruptcy lawyer will also give you the guidance and information you need. What Type Of Business Do You Have? A business that is classified as a partnership or a corporation is a separate entity from the business owners or the shareholders. This means that if… Read More >

Who Can File Bankruptcy Chapter 7?

Chapter 7 bankruptcy is also referred to as liquidation bankruptcy. Chapter 7 uses assets that are nonexempt and taken from the debtor. The assets are then sold to pay the creditors. Individuals who are seeking protection under Chapter 7 laws may have to forfeit most of their property in order to have their debts discharged. If you are wondering who can file bankruptcy Chapter 7, debtors may file Chapter 7 bankruptcy if they meet the following qualifications: Pass a means… Read More >

Why Hiring Bankruptcy Chapter 7 Lawyers Can Benefit You

Are you facing a lot of debt that you are not able to pay off? It does not matter why you are considering filing bankruptcy. Bankruptcy Chapter 7 lawyers are able to guide you during the entire process. The lawyers can help you fill out the right forms and can negotiate with your creditors for you. There are several questions that individuals may have before, during and after the filing, and experienced bankruptcy chapter 7 lawyers will be able to answer… Read More >

How to File Bankruptcy Chapter 7? The Steps to Take When You Are Considering Filing

The United States offers several different Chapters of bankruptcy.  All of these different Chapters can make it very difficult for an individual to know which one he or she should file. Before you decide on the type of bankruptcy you want to file, you should first understand each Chapter. The following tips will provide you with information on how to file bankruptcy Chapter 7. Is Filing Bankruptcy Your Only Option? Filing bankruptcy is a life changing experience. You should only decide… Read More >

3 Situations When You May Need a Chapter 7 Bankruptcy Attorney

Are you in need of a reputable and experienced Chapter 7 bankruptcy attorney? If you have made the decision to file for Chapter 7, hire an attorney to help you with the process. An experienced Chapter 7 bankruptcy attorney you will reduce the chances that you make a mistake filing on your own. Mistakes can eventually lead to the court dismissing your case. You may even be unsure if you should file at all. A knowledgeable attorney will assist you in… Read More >

Liquidating Your Business Through a Corporate Chapter 7 Bankruptcy

Chapter 7 is what people are usually referring to when they discuss personal bankruptcies. This allows individuals to essentially walk away from much of their overwhelming debt. Though this form of bankruptcy is typically associated with personal debt, partnerships,  limited liability companies and corporations may file Chapter 7 as well. A corporate Chapter 7 bankruptcy operates a bit differently from personal filings, but it does enable you to liquidate your business and settle its debts. Why Choose Corporate Chapter 7… Read More >

Tips to Choosing a Chapter 7 Bankruptcy Lawyer

There are some people who decide to file for bankruptcy, and they are hesitant about hiring a Chapter 7 bankruptcy lawyer. However, hiring an attorney is usually necessary after all of their other options have been exhausted. In fact, it is in many individuals best interest to hire an attorney to assist them during the bankruptcy process. The one thing to keep in mind is that the lawyer will be helping you get your financial life back on track, so… Read More >

The Important Must Haves When Considering Bankruptcy Law Firms in Your Area

When the economy is in a downturn, there are certain professionals who often see an increase in business or clients. Bankruptcy attorneys are typically highly sought after when the economy is not good. However, when clients approach the attorneys, they usually have little to no knowledge about the bankruptcy process. They also do not have the luxury of time to research it. These desperate clients are also at a loss when they are trying to research bankruptcy law firms in… Read More >