To search the bankruptcy filings either in person or online, you'll need some basic information about the debtor and the bankruptcy case. If a debtor owes you money, the bankruptcy court will mail you the case number, which you can use to pull up the records. If you do not have the c...
BankruptcyBankers are facing nonperforming loans in increasing numbers. Loan defaults can be divided into 2 broad categories: 1. monetary defaults, such as nonpayment of principal and interest or real estate taxes, or 2. a failure to adequately maintain and lease the property. In a well-...
In 2021, the United States Courts’ official website reported over 434,540 bankruptcy filings. While the current year recorded only 370,685, (a fall of 11.4% from the previous numbers) these figures are by no means pleasant to see. They espouse curiosity from those who might be apprehensive...
The length of time that a bankruptcy filing stays on your credit report depends on what type of bankruptcy you filed. We took a look at Chapter 7 and Chapter 13, which are the two main types of consumer bankruptcies, and to see how their impacts on your credit score differ. Chapter 7 ...
What is bankruptcy? What’s the difference between chapter 7 and chapter 13 bankruptcy filings? Which “chapter” might be a better option for me? Are there any debts that bankruptcy won’t discharge? Can I lose my home if I file for bankruptcy? What are the pros and cons of filing for...
represents a 30 percent drop from the same time span in 2020, but many are still seeking relief from crushing loads of debt. Bankruptcy filings are particularly problematic for low-income individuals, as they have far fewer resources to pay, but there are ways to lower the ...
Related What Happens When a Business Files for Bankruptcy? Learn More → ••• For a business entity, a lien is a legal claim against the company where an encumbrance on the business's property is used to secure a debt the business owner owes to another company. If your business ...
How long a bankruptcy stays on a credit report varies, but most last years. Here are tips to manage credit before and after filing for bankruptcy.
When should I declare bankruptcy? You might consider filing for bankruptcy when your debts are such that you see no reasonable way to keep up with your payments. The purpose of bankruptcy is to give people (or companies or municipalities) a chance either to wipe ...
Other Bankruptcy Filings While Chapter 7, Chapter 11, and Chapter 13 are the most common bankruptcy proceedings, there are several other types: Chapter 9bankruptcy is available to financially distressed municipalities, including cities, towns, villages, counties, and school districts. Under Chapter 9,...