Life after bankruptcy - what now? If you have had your bankruptcy officially decreed, then you will normally be "discharged" from your court order exactly one year after your bankruptcy was formally declared. It will only be longer than this if you have failed to cooperate with your court ...
Stockton to enter bankruptcy. What happens next?
Unfortunately, filing for bankruptcy is not free. There are court filing fees for both Chapter 7 and Chapter 13, costing $335 and $310 respectively. However, that's not the only cost to consider. The majority of the cost of filing for bankruptcy comes in the form of attorney fees for a...
What is the Difference Between Bankruptcy and Liquidation? Chris Andersen, 15 Aug 2024 Read More What Happens to Directors During Liquidation? Understanding Your Duties and Risks Chris Andersen, 30 Aug 2024 Read More Company Insolvency Chris Andersen, 9 Jul 2024 Read More Closing a Company Wit...
OSI's Bankruptcy: What Happens Now?: Company leaders believe OSI will emerge from bankruptcy as a stronger player, but some industry insiders have doubts. What does OSI's voluntary Chapter 11 filing mean for the company and the collections industry as a whole?(Outsourcing Solutions Inc.)...
Chapter 11 bankruptcies are often painful events for all stakeholders in a corporation, including investors who hold corporate bonds. How much of a hit these bondholders will take during a Chapter 11 bankruptcy depends on various factors. In some instanc
For example, what happens if an ecommerce website’s servers go down during Black Friday Cyber Monday (BFCM). That backup plan is the contingency plan. It’s a proactive strategy, detailing the steps a business will take in case of unforeseen circumstances to ensure it can continue to ...
What happens if I don't make my credit card payments? "You've worked hard building your credit score over the years, yet just one delinquent payment may significantly impact it," says Larry Bassuk, CEO, president and co-founder of Idea Financial. "The credit card companies regularly report...
Bankruptcy does not come without cost, however. In the short term, it is recommended that you hire an attorney to walk you through the process, which means you need to be able to pay those fees. In the long run, bankruptcy will remain on yourcredit reportfor seven or 10 years, dependin...
In any economy, good or bad, businesses of all sizes have the potential to fail. What happens to the employer-sponsored insurance coverage and benefits you have when your company files forbankruptcy? Read on to find out. Key Takeaways ...