Chapters Chapter 7 Chapter 9 Chapter 11 Chapter 12 Chapter 13... creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the...
If you are facing some serious financial issues, you may consider filing for chapter 13 bankruptcy protection. If you do file keep in mind that there is no limit to the amount of times you can refi...
Understand the rules and time restrictions for filing bankruptcy multiple times. Learn how often you can file for Chapter 7 and Chapter 13 bankruptcy and what factors to consider.
What are the major differences between sending a Chapter 7 personal insolvency along with a Chapter 13? When a person has a significant quantity of financial obligation, it may be really aggravatin...
Key takeaways ; The court could dismiss your case or change it to a Chapter 7 if you're late on your payment. ; You can request a payment reduction if you've been faced with an unexpected financial hardship. ; If you miss a payment or think you could be late in the future, reach out to your bankruptcy trustee or your attorney immediately and let them know.
Ike Shulman is a professional San Jose bankruptcy attorney who can help you get your life back with a Chapter 7 or Chapter 13 bankruptcy filing to get out of debt and protect your assets.
The process works much the same for individuals.1 · The bankruptcy court will appoint a trustee to ensure that creditors are paid off in the right order, following the rules of “ absolute priority.” · Whatever assets and cash remain after all the secured creditors have been paid are pooled together and distri ...
Chapter 13 Bankruptcy Example After Eric lost his job, and his... Chapter 13 over Chapter 7. Chapter 7 has a much lower threshold for how much income a debtor can earn and still be eligible...
Chapter 7 & 13 bankruptcy each offer different benefits to filers. Check out our handy table listing the differences between Chapter 7 & Chapter 13 bankruptcy.
Debtors should be aware that there are several alternatives to chapter 7 relief. For example, debtors who are engaged in business, including corporations, partnerships, and sole proprietorships, may prefer to remain in business and avoid liquidation. Such debtors should consider filing a petition under chapter 11 of the Bankruptcy Code. Under chapter 11, the debtor may seek an adjustment of debts, either by reducing the debt or by extending the time for repayment, or may seek a more comprehensiv...