When you’re in a precarious financial situation, you want to try to do everything you can to pay your debts without resorting to bankruptcy. Why? Because you are only allowed to receive a bankruptcy discharge every so often. For example, you may only receive a Chapter 7 bankruptcy discharg...
Bankruptcy.If your business has substantial debt, filing for Chapter 7 bankruptcy is probably the best option. The court sells the business assets for you, and the proceeds are used to pay off lenders, vendors, and other creditors. Debts, long-term leases and other obligations are erased when...
A: The size of the personal bankruptcy process can vary depending upon the type of personal bankruptcy being filed. Usually, Chapter 7 bankruptcy can take anywhere from three to 6 months, while Chapter 13 can take up to five years. Final thought Personal bankruptcy can be a tough and also ...
Sears Holdings files for Chapter 11 bankruptcy Sears Holdingsfiled for bankruptcy protection early Monday after years of staying afloat through financial maneuvering and relying on billions of CEO Eddie Lampert's own money. Lampert, who has served as CEO for the past five years, will step down fr...
You have been identified as an substantially affected creditor during Bittrex's chapter 11 bankruptcy proceedings, Which they were mishandling customer funds It is possible that you did not file a Proof of Claim prior to the deadline, however, you are still eligible to withdraw ALL assets ...
how we can help you find credit card debt relief … Choosing the right debt solution can be easy once you know what is available and understand how each option will affect your specific situation. And, you can find all the answers you need right here! Bankruptcy...
The losing party in trial may appeal the judgment. But the party does not get a “re-do”; that is, it does not get to re-try the case on appeal. (The exception is a “de novo” appeal, which we discussed in chapter 7 at 7.1.) What happens if a party forgot to call a witne...
Dave made his money in the real estate business both the first time around and the second time after his bankruptcy. Not to mention his millions of followers helped buy that garage that my entire family could live in comfortably. However, I’ve read his books and listened to his podcasts....
1. Bankruptcy does more damage to your credit record than you would like to imagine. For instance, once you've filed for bankruptcy, not only will it stay on your credit record for seven to ten years, it will also make it incredibly complicated for you to be approved for loans and cred...