Chapter 7 involves liquidating assets to pay creditors and then closing down operations. This is often the best option for businesses with insurmountable debt and no viable path to profitability. Whether for individuals or businesses, meeting the eligibility criteria for Chapter...
Chapter 7 bankruptcy is like pressing a financial RESET button for your life. If you're considering it, here are answers to common questions.
It offers information on new standing orders, locations, mission statements, judges, processes, opinions and frequently asked questionsU.S. Bankruptcy Court, Eastern Kentucky 100 E. Vine St. Suite 200 Lexington, KY 40507 (859) 233-2608Steiden Law Offices | Cincinnati Chapter 7 Bankruptcy Lawyer...
At a minimum, we suggest that you honestly answer the following questions: Do you really need it? Most individuals that file a Chapter 7 bankruptcy do so to get a “fresh start.” You should only reaffirm debts on things that are necessities – items that are a “need” and not a “...
A bankruptcy lawyer can help you when filing bankruptcy. Even if you are filing a Personal Bankruptcy like Chapter 7 or Chapter 13 Bankruptcy
An individual’s eligibility to file Chapter 7 is determined by themeans testinstituted with the 2005 amendments to the bankruptcy code. Some high earners may not qualify for Chapter 7 if their debts are primarily consumer debts. With the help of experienced bankruptcy lawyers, most people who ...
There are eligibility requirements for filing a Chapter 7 bankruptcy. A debtor must not have had a Chapter 7 bankruptcy discharged in the preceding 180 days and must pass a means test to establish that they don't have sufficient income and resources to repay their debts.7 ...
Bankruptcy Lawyer Memphis, TN Arthur Ray Law Offices FREQUENTLY ASKED QUESTIONS Why File For Chapter 7 Bankruptcy? https://youtu.be/qp6CXG0La-w A Chapter 7 may wipe out all your debts (with certain exceptions), but you may not be able to keep your house,
Wholly Unsecured Mortgage Included in Unsecured Debt Load for Section 109(e) Eligibility Analysis InIn re Russell & Joy Smith, 20 CBN 246 (Bankr. C.D.CA 2009), the court dismissed the debtors’ Chapter 13 case because debtors exceeded the unsecured debt limit after adding the junior mortgage...
Chapter 7 Eligibility Pennsylvania has strict rules for determining who qualifies for Chapter 7 bankruptcy. Let us discuss whether Chapter 7 is the right option for you. Frequently Asked Questions U.S. bankruptcy law is complex. We are here to answer all of your questions to help you fully un...