Filing Bankruptcy Top 5 Things You Must DoAlan Dunn
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Bankruptcy helps people and businesses get a fresh start financially. Learn what filing for bankruptcy entails, as well as its benefits and disadvantages.
You had abusiness that failed or is failing. Often, people feel embarrassed and like there’s no hope when they find themselves in situations like these. Do not despair! There is usually hope. Bankruptcy sounds scary, and it is not something to take lightly, but it is not as scary as ...
Why Filing Bankruptcy Is Not Bad Here are a few reasons why bankruptcy shouldnotbe a moral issue: People promise to pay their bills, and people also promise to take care of themselves, their spouse, and their children. Sometimes things happen in life which make it impossible to keep both ...
(Note: Chapter 11 of the Bankruptcy Code, which is typically used to reorganize a business, can also be used by certain high-income people. However, a Chapter 11 case can continue in bankruptcy court for several years and should only be handled by a lawyer due to its complexity. For t...
The bankruptcy law allows an exemption for a limited amount of equity in your homestead, as well as a car, personal belongings, and business equipment. There is also a "wildcard" exemption in federal law that allows you to protect up to $1,150 in any asset, including cash in a bank ...
Bankruptcy is the legal process of declaring that you are unable to repay your personal or business debt to creditors. Bankruptcy was originally a process used by creditors but has evolved to become a method of helping debtors overcome their debt. Depending on the type of bankruptcy you file, ...
Filing an income tax return after filing for bankruptcy does not have to be a problem, as long as you know what to watch out for, including when and how to file.