Chapter 13 bankruptcy involves payments. It sets up a payment plan for you, and you are expected to adhere to the plan. However, what if something happens and you cannot make your payments? Suspending Planned Payments As a rule, if…
Some people feel that they are in need of bankruptcy protection, and visit an attorney, only to wait months or even years before deciding to file. In some cases, this may not have consequences beyond those that may be anticipated.…
Congress established uniform federal laws regarding bankruptcies, and the law is federal – administered by US courts. However, bankruptcy is not exactly administered in the same fashion from one state to the next, even though the main framework may be…
If you have been contemplating declaring bankruptcy, or are in the process of doing so, you probably already know that you’re going to have to submit a great deal of information to the bankruptcy court. You’re might also be feeling…
The US Bankruptcy Code contains the written laws that are designed to assist people and corporations that are “upside down” financially in getting a fresh start. With individuals, a bankruptcy is often a very easy procedure, and in most cases…
If you are filing for Chapter 7 or Chapter 13 bankruptcy, you are undoubtedly experiencing a great deal of stress due to your financial situation. In such times, it’s a natural human reaction to want to pursue the easiest, fastest…
When filing Chapter 7 or Chapter 13 bankruptcy, you will likely hear the word “trustee” used quite a bit. Not only are trustees often a requirement during many bankruptcy filings, but they will also have a major impact on how…
To the average person, the phrase “bankruptcy dismissal” just sounds bad. After all if your finances were bad enough to file bankruptcy in the first place, many people think “dismissal” means they’ve now failed at bankruptcy. In some cases this…
Unfortunately many businesses face times of serious financial struggle where they are struggling to pay back creditors but forecast stronger revenue streams on the horizon. In these cases the business needs a means of getting to those futures and a…
When facing the prospect of filing for bankruptcy, many people will do whatever they can to delay or avoid this fate. This could mean liquidating assets or using any property available and whatever cash is accessible. The question that frequently…