Business Bankruptcy-An Overview How American Bankruptcy Law Can Protect You and Your Business Enterprise Keeping a small business going for the long haul can be a difficult task. Studies show that one in five small businesses don’t make it 24 months; nearly half (45%) close within five year...
An overview of the bankruptcy estate in Chapter 7 bankruptcy: its purpose, what property and marital property is included, the 180-day rule for property acquired after filing, and what is specifically excluded.
I took out a PLUS loan for my son. Can I discharge it in bankruptcy? Secured Debts in Chapter 7 Bankruptcy: An Overview Updated February 05, 2023Was this helpful? Yes No Take our bankruptcy quiz to identify potential issues and learn how to best proceed with your bankruptcy case. In...
Chapter 7 Bankruptcy Overview Chapter 7 Bankruptcy requires the completion of a means test that we can provide for you. Generally Chapter 7 is referred to as a straight bankruptcy or liquidation, it is the most common type of bankruptcy filed for debt relief. It allows people to discharge unse...
In this lesson, define Chapter 7 bankruptcy, and explain the Chapter 7 bankruptcy qualifications, Chapter 7 bankruptcy rules, and Chapter 7...
Chapter 7 and Chapter 13 Bankruptcy Overview I’ve come across multiple individuals that are not happy with filing a Chapter 13 bankruptcy, and, oftentimes, this is due to a lack of proper explanation of the differences that exist between these two bankruptcy types. From what we observe, most...
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. ...
Chapter 7 Bankruptcy Overview Chapter 7 bankruptcy is designed to give debtors a “fresh start” in their financial life. At theend of the process, all qualifying debts are discharged, which means you will never have to pay them. Filing a bankruptcy petition is complicated and time consuming an...
In some cases, a Chapter 7 bankruptcy may be the only way to get much-needed relief. Chapter 7 bankruptcy is also known as Liquidation Bankruptcy, and essentially allows a person who finds themselves drowning in debt to permanently avoid the majority of their unsecured financial debts. Those wh...
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