Chapter 7—In the vast majority of cases, the Chapter 7 process lasts three to four months. After partnering with an attorney who will file with bankruptcy court, a trustee will liquidate nonexempt assets and impose the automatic stay. Most of our clients have no non-exempt assets for a tr...
In an effort to protect smaller gas station operators from the aggressive pricing of bigger companies, the state of New Jersey instituted a law in 1938 that prevented gas stations from raising prices more than once a day. In 2005, this law was put to the test when civil action was taken ...
Opening a bank account is quick and easy as long as you're prepared. Follow our step-by-step guide to get started.
In case you can not pay your debts, you should consider filing for bankruptcy. It’s recommended to discuss with your attorney, accountant, and insurers to ensure that everything is accounted for. Step #4 File Maryland Articles of Dissolution Maryland Articles of Cancellation are the legal docum...
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Many people are in wrong notion thinking that the only option to handle debt is to file bankruptcy. However, it is not true. Filing a bankruptcy will definitely have a negative impact not only on your financial life but also on your social life. Bankruptcy can be considered as a last reso...
Women in their 30s today still remember Delia's, the teen fashion chain that had 95 stores in malls across America. But as fast fashion brands like H&M, Forever 21, and Zara became more popular, Delia's began to struggle. The company filed for bankruptcy in 2014: It had not turned a ...
stores in the Greenville, South Carolina area. Primarily located in the Southeast, BI-LO had hundreds of stores under its banner at its peak in the early 2000s but wound up announcing bankruptcy in 2018. After a substantial effort to restructure, the chain closed up its last locations in ...
Even when you do everything right, it isn’t always possible to avoid a financial crisis. But there are ways to keep it from crushing you. There are plenty of programs out there — some run by the government, some by charities — that can help you keep t
Federal bankruptcy law shields a home from sale if the owner's equity does not exceed $25,150 if the bankruptcy case was filed after April 1, 2019.56Homeowners commonly use the state's limits, which often prove more favorable. Those who declare bankruptcy in New Jersey or Pennsylvania can ge...