Chapter 13 bankruptcy can be a good solution for people whose income level prevents them from seeking debt relief under Chapter 7. In a Chapter 13 filings, you make monthly payments to a trustee according to a court-approved payment plan. In many ways, Chapter 13 bankruptcy provides you with...
After filing Chapter 7 Personal Bankruptcy, can a creditor go after a non-functional corporation? Case Details: The Corporation has no assets and owes tax to the city. If the company is out of business and owns no property or assets, there may not be a need to file bankruptcy of the co...
For information about Chapter 13 bankruptcyClick HereYou are invited to contact Attorney Schaller at 630-655-1233 or visit his website athttp://www.schallerlawfirm.com/to learn about how the bankruptcy laws can help you. NOTE: Robert Schaller looks forward to the opportunity to talk with you...
Category:Bankruptcy|Chapter 7|Chapter 13 What Can I Do If I Decide to File for Bankruptcy? Category:Bankruptcy|Chapter 7|Chapter 13 I was injured in a car accident while traveling for the holidays. Can I still file a claim even though I don’t live in Kansas City?
A typical Chapter 7 case takes about four to six months from filing to settling. Chapter 13 cases can take three to five years to close. However, filing for bankruptcy can be done in a relatively short amount of time. The period can be as long as a few weeks or as short as the day...
Questions linger about TSR demise.Reports on the Chapter 7 bankruptcy filing of TSR Wireless in New Jersey on December 8, 2000. Nature of Chapter 7 bankruptcy; Factors that led to the company's shutdown; Condition of the paging industry.Dano...
Denver, Colorado bankruptcy attorneys answer the most common questions about chapter 7 and chapter 7 bankruptcy in Colorado.
Alternatively, the court may simply discharge the debts. This occurs underChapter 7 bankruptcy. When this occurs, the court declares that the debtor no longer has to pay back any amount of the debt, and that the creditor is unable to collect the discharged debt. ...
Learn more about the debt relief options available to you here. What type of bankruptcy is most appropriate for my situation? There aredifferent types of bankruptcy,but for individuals, the options are primarily Chapter 7 and Chapter 13 bankruptcy. Chapter 7 involves liquidating your assets to pay...
Chapter 7:A Chapter 7 bankruptcy refers to the pure liquidation of a distressed company in which all assets are liquidated and then disbursed to stakeholders based on the priority of claims. Following the waterfall schedule, those with higher claims on company assets are made whole before any pro...