Bankruptcy helps people and businesses get a fresh start financially. Learn what filing for bankruptcy entails, as well as its benefits and disadvantages.
In Chapter 7 bankruptcy, your "estate" consists of all assets that are subject to seizure by the court-appointed trustee, who will sell these assets to repay your creditors. In a Chapter 13, the trustee sets up a repayment schedule, which will allow you to discharge your debts after paying...
The Indenture has been duly authorized and, when executed and delivered by the Company on the Closing Date, will be a valid and binding agreement of the Company, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency or similar laws affecting the enforcement of ...
The auto insurance carrier steps in and pays the claim on the car, but the amount is not enough to pay off the loan. This can also lead to a balance of several thousand dollars. As an experienced bankruptcy lawyer, I understand what to do if this happens to you. Dischardign a Car...
The Indenture has been duly authorized and, when executed and delivered by the Company on the Closing Date, will be a valid and binding agreement of the Company, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency or similar laws affecting the enforcement of ...
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The Indenture has been duly authorized and, when executed and delivered by the Company on the Closing Date, will be a valid and binding agreement of the Company, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency or similar laws affecting the enforcement of ...
The Treasury Department is preparing a Chapter 11 bankruptcy filing for Chrysler that could come as soon as next week, The NYT reported on Thursday, citing people with direct knowledge of the action. From The NYT: The Treasury has an agreement in princip
Certain asbestos companies were court-ordered to establish bankruptcy trusts to compensate people harmed by their products.Asbestos trustscurrently contain over $30 billion for current and future mesothelioma victims. See if you can access trust funds.Our team can filemultiple claimson your behalf if ...
Bankruptcy:While it should be considered as a last resort, filing for bankruptcy may provide temporary relief by halting foreclosure proceedings and allowing homeowners to reorganize their debts. Bankruptcy laws and eligibility criteria vary, so consulting a bankruptcy attorney is essential. Economic Facto...