“Chapter 7 bankruptcy, by contrast, liquidates your assets to help discharge unsecured debts.” You can get a bit of a fresh start and stop debt collectors from contacting you. Pros and cons of Chapter 13 bankruptcy Like any finance-related tool or process, Chapter 13 has its upsides ...
Chapter 13 is a type of bankruptcy proceeding in which debtors agree to areorganizationof their financial obligations under the supervision of a court. Individuals and married couples, even if self-employed or operating an unincorporated business, are eligible to file for Chapter 13 bankruptcy.1Here...
USE IT OR LOSE IT: GRAPPLING WITH CLASSIFICATION OF POST-PETITION SALE PROCEEDS UNDER CHAPTER SEVEN BANKRUPTCY FOR CONSUMER DEBTORS IN THE LONE STAR STATERUSHING, DANIELLE NICOLESt. Mary's Law Journal
How do such processes contrast with bankruptcy proceedings? Dissolution is achieved via the voluntary liquidation procedure under the BCA. The liquidator will file a statement with the Registrar to confirm the liquidation is complete. Upon receiving the completion statement, the Registrar will strike ...
Several fishing companies had gone under or were near bankruptcy, and the federal and provincial governments stepped in to restructure the industry. In the mid-1980s, Fishery Products Ltd., the Lake Group Ltd., John Penney and Sons Ltd. and other seafood company assets were amalgamated into ...
Seven Schwyhart firms file for Chapter 11 bankruptcy.(REAL ESTATE)Sparkman, Worth