Chapter 7, also known as a "liquidation" bankruptcy, is the more common form. You will be allowed to keep certain exempt assets, such as your furniture, car, and personal belongings up to a specified value, but any nonexempt assets, such as cash, real estate, and investments, must be ...
Chapter 13 bankruptcy is sometimes referred to as a “repayment” plan because debtors pay some or all of their unsecured debts (interest free) over a 3-5 year plan. Your payment is based on what you can afford to pay (income minus expenses). There are a few specific eligibility requireme...
As a Certified Laugh Coach, Stress Reduction Specialist, and Professional Comedian since 1985 who has totaled one marriage, two heart valves, and three cars, and turned a million dollar real estate portfolio, amassed by age 52, into, thanks to the recession and a Chapter 7 Bankruptcy filing, ...
Before we dive into repayment strategies, it’s important to understand the difference between dischargeable and non-dischargeable debts. In a Chapter 7 bankruptcy filing (the most common type), certain types of debts may be discharged or eliminated entirely such as credit card balances and medica...
In Chapter 11 cases, where the debtor continues operating as a "going concern," a primary focus of the weeks before and immediately after the bankruptcy filing is negotiating "debtor–in–possession"–or DIP–financing. These loans provide debtors with their financial lifelines, provide bankrupt co...
Chapter 7 Bankruptcy Businesses that are no longer interested in continuing to operate, or individuals that do not have enough income to repay their debt, can seek protection from creditors by filing a Chapter 7 petition in bankruptcy court. But filing for Chapter 7 comes at a great cost. ...
He declared Chapter 7 bankruptcy over a year ago. Through my extensive research I discovered that alimony payments are NOT dischargeable. My critical question: Is the life insurance obligation NOT dischargeable as well? If you can really help me, I want to thank you SOOO much in advance!
After hanging out with many of you, talking with others, reading through many books, watching tons of videos and listening to recordings, I kept wondering why many of us still struggle to get what we all dream about. And then I found out why. I have found the villain that keeps us fro...
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pls检查 [translate] afiling for bankruptcy was a real eye opener for me my life would still be miserable without this I was at the end of the road. 归档为破产是一个真正的令人瞠目事件为我的生活更是凄惨的没有此我是在路的末端的我。 [translate] ...