Bankruptcy is the legal process of eliminating your debts. The following is essential bankruptcy information about the four different types of filings: Chapter 7 Bankruptcy: This is the most common type of bankruptcy, filed by either individuals aka personal bankruptcy (called consumer) or businesses....
When youdefine bankruptcymostfiled bankruptciesfor personal accounts are either going to be Chapter 13 or Chapter 7. A reaffirmation agreement is one part of Chapter 7 that can make an impact on this choice, as can many other factors. When you’re seekingChapter 7 bankruptcy information,Dallas...
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Chapter 13 bankruptcy is designed for an individual debtor who has a regular source of income, whether it be from a job or social security benefits. Chapter 13 is often preferable to Chapter 7 for people with valuable assets, because it enables the debtor to keep the asset. A common example...
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Chapter 7 Bankruptcy Legal ResourcesUnited States Bankruptcy Code – Chapter 7 –This is the primary website for information on Chapter 7 Bankruptcy under the U.S. Bankruptcy Code. The link provides information on the filing process, background of law, alternatives to Chapter 7, roles of the ...
A: Yes. Examples of debts you will have to continue to pay are alimony, child support and court-ordered fines. There may be others. You will also have to pay any debts you fail to list on your bankruptcy, along with any debts obtained by giving false information. In most instances, yo...
Why Chapter 13’s Rarely Make Sense In many states, Chapter 13 Bankruptcy is more …[Read More...] Reaffirmation Agreements – Do They Make Sense? Is "Ride-Through" still an option for Chapter 7 …[Read More...] Qualifying for a Chapter 7 ...
A bankruptcy lawyer can help you when filing bankruptcy. Even if you are filing a Personal Bankruptcy like Chapter 7 or Chapter 13 Bankruptcy
Chapter 7 Bankruptcy is known as the bankruptcy to “wipe the slate clean.”Chapter 7is available to those who qualify and who need a fresh start with little or no debt. The bankruptcy court appoints a trustee (an attorney) to oversee the debtor’s case. ...