“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 ...
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
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...
How do such processes contrast with bankruptcy proceedings? A company may apply to the Guernsey Registrar to be voluntarily struck off. The application must be made by the board of directors and be accompanied by a declaration of compliance confirming that all requirements of Guernsey law have ...
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