As far as Chapter 13 bankruptcy is concerned, since the repayment plan usually takes between 3 to 5 years depending on the accumulated debt, you can often file again just after the previous one is finished. In this case, you can file a second bankruptcy filing 2 years after your initial f...
Involuntary bankruptcies don't occur often, and creditors usually file them against business organizations rather than individuals. The involuntary bankruptcy process begins when creditors follow the procedure for filing a bankruptcy action on behalf of the person or company owing money. You can start ...
When it comes to how to declare bankruptcy as a business owner, there are a few basic steps that will need to be followed. While this is not necessarily something that can be done in a short period of time it is a very effective method to take control of your financial situation. It ...
Your own credit profile will also play a part in how much your credit score is affected when you declare bankruptcy. Similar to how having a higher credit score canding your more pointsif you miss a credit card payment, so, too, is the case if you file for bankruptcy. According toFICO,...
If you do not have adequatehealth insurance, you may be at risk of significant financial strain. An emergency or serious illness can drain your savings, force you to take on debt, or even force you to declare bankruptcy due to the high costs. ...
The steps that you'll need to follow to declare bankruptcy vary depending on where you live, but generally speaking, you will need...
As Oscar Martinez told Michael Scott, you can't just declare bankruptcy and expect anything to happen. The same goes for goals: simply declaring that you're going to learn something doesn't just make it so. Instead, set a SMART goal (Specific, Measurable, Achievable, Realistic, and Time...
Email bankruptcy is a shortcut to inbox zero but can hurt relationships if handled poorly. Our guide gives you tips to clear your email backlog safely
How Bankruptcy Works When you declare bankruptcy, you file a petition with a federal court. While you can technically do this on your own (also known as filing “pro se”), it’s not recommended. Bankruptcy law is complex, and a single mistake can significantly harm your case. Instead, ...
A company may need to enter bankruptcy due to a bad economic environment, poor internal management, over-expansion, new liabilities, new regulations, or a host of other reasons. The bankruptcy process is often lengthy and complex, and many complications can arise over settlement amounts and payme...