3 Things To Avoid Before Filing A Chapter 7 Bankruptcy Case
Posted on:
21 September 2020
Using the Chapter 7 branch of bankruptcy law can provide immense relief to people with large debt loads. If this is the branch you want to use, you must find out if you qualify. If so, you might need to follow the instructions of your attorney by doing specific things. You might also need to avoid doing certain things, and here are three things you should avoid before filing.
Giving Away Money and Assets
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Chapter 7 Bankruptcy Relief For Businesses: Do You Qualify?
Posted on:
18 August 2020
If you cannot pay your business debts and are considering bankruptcy, you may be able to wipe your debt slate clean. The bankruptcy system is designed to help you regain your financial footing while recovering as much debt as is feasible for your debtors, but it does not want to kill your entrepreneurial spirit.
Bankruptcy courts make a distinction between business and consumer debt. If you acquired debt while building and operating a business, you may qualify to file under Chapter 7 of the bankruptcy law.
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3 Things To Know About Filing For Bankruptcy Again
Posted on:
3 August 2020
No one plans on filing for bankruptcy more than once during their lifetime, but circumstances can change after the discharge of your bankruptcy, and another bankruptcy filing may be your only option for financial success.
Since multiple bankruptcy filings are not common, the average person doesn't know much about the ins and outs of filing for bankruptcy a second time. Here are three important things to know when you are considering a second bankruptcy to help ease your financial burdens.
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Feeding Off Your Bankruptcy: What To Know About Priority Creditors
Posted on:
10 July 2020
When you declare Chapter 7 bankruptcy, anyone you owe money to is referred to as a creditor. These credit card companies, mortgage holders, auto loans, medical facilities, and utilities all hope to be paid something when you go through bankruptcy but few of them are ever paid a cent. Creditors are not all equal when it comes to Chapter 7 bankruptcy, so read on to find out more about the way the bankruptcy courts view creditors.
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