Chapter 7 Bankruptcy allows you to eliminate “unsecured” debts such as credit card and medical bills, and utility bills, while allowing you to keep certain property. In most cases, people may keep their personal belongings, and their home, and car. Chapter 13 Bankruptcy is a court-ordered ...
When you file your bankruptcy petition with the court, you are given a case number. At that time, all creditors must cease collection action. If you receive a collection call, tell the creditor that you have filed for bankruptcy, and tell them that if they have any questions to call your...
The Chapter 7 Bankruptcy attorneys of Brock & Stout have filed thousands of cases for our clients over the years. Call us, our Bankruptcy lawyers are here to help.
Chapter 7 bankruptcy is like pressing a financial RESET button for your life. If you're considering it, here are answers to common questions.
The Bankruptcy Code requires the trustee to ask the debtor questions at the meeting of creditors to ensure that the debtor is aware of the potential consequences of seeking a discharge in bankruptcy such as the effect on credit history, the ability to file a petition under a different chapter,...
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 Definition The Chapter 7 Bankruptcy Process Lesson Summary Frequently Asked Questions What is the difference between chapter 7 and chapter 11 bankruptcy? Chapter 7 bankruptcy is a debt relief process that is focused on individuals and allows for their eligible debts to be complete...
The debtor must appear at the “first meeting of creditors” (also called the § 341 meeting from the section of the Code that describes the meeting.) The trustee can ask the debtor questions under oath about assets and liabilities.
Chapter 7 or 13 Bankruptcy?Which Bankruptcy Chapter Should I file?This is one the most frequent questions we get asked. We live in the Google age where online resources are just a few clicks away, but more often than not, most people usually end up with more questions than answers. In ...
Chapter 7 andChapter 11bankruptcies serve different purposes. Chapter 7 involves the sale of the debtor’s non-exempt assets by a court-appointed trustee. The proceeds are used to pay off creditors. Chapter 11 bankruptcy, meanwhile, is often referred to as reorganization bankruptcy and is predomin...