Saturday, December 16, 2017
bankruptcy

Explaining the best and worst sides of each bankruptcy Chapter

Chapter 7 Best aspects It brings instant debt relief, means the debtor receives a full discharge on all debts. The bankruptcy under Chapter 7 allows keeping some property (a cheap car, clothing, and...
filing for bankruptcy

Chapter 12 bankruptcy explained

One of the least used bankruptcy Chapter in the USA is Chapter 12. It has a very narrow range of types of debtors who is eligible for this Chapter and we...
chapter 11

Chapter 11 bankruptcy: an overview

Chapter 11 is one of the most popular among business entities, as it was designed especially for financially drowning business corporations. Chapter 11 is named after the Bankruptcy Code 11 and...
Chapter 7

What is Chapter 7 bankruptcy?

Chapter 7 bankruptcy is purposed to bring debt relief to individuals, whose income and amount of debt does not allow them to pay loans back now or in the future (hopeless...
filing for bankruptcy

All about Chapter 9 bankruptcy

Chapter 9 bankruptcy stands out of a crowd as it is designed only for municipalities. If the certain municipality faces financial hardship and is unable to meet its obligations, such municipality...
petition

Bankruptcy Chapters and their main features

Bankruptcy is a legal process of debt relief that allows individuals or business entities cancel or reorganize their financial obligations. Many see bankruptcy as a non-acceptable or even dreadful solution due...
Chapter 13

Filing for bankruptcy under Chapter 13

In times of serious financial hardship, many start thinking of giving up on their debts through filing for bankruptcy. The easiest and the fastest way to get your debts written off...