A Birds Eye View of How Ch 13 Bankuprtcy Works
Here is a new infographic we have created which gives you a great overview of how Chapter 13 bankruptcy works. Feel free to share with others!
Here is a new infographic we have created which gives you a great overview of how Chapter 13 bankruptcy works. Feel free to share with others!
What is bankruptcy? Insolvency Balance sheet insolvency: liabilities exceed assets. Equity insolvency: inability to pay debts as they become due. Bankruptcy One does not have to be insolvent to voluntarily go bankrupt, but as a practical matter, bankruptcy is the…
People who are considering bankruptcy are typically facing numerous obstacles. They are undoubtedly facing serious financial pressure from one of more of their creditors and are in desperate need of relief. Moreover, they are not sure where to start or…
Owing money to the government for back taxes can be a stressful situation. People often ask whether they can discharge tax debts through bankruptcy. The answer is – maybe. Depending on the characteristics of your tax debt, bankruptcy is one…
With the recent downturn in the economy, and, in particular, the real estate market, many people are faced with prospects of foreclosure on their homes. Bankruptcy can help in many ways for these individuals, but the impact bankruptcy will have…
Many Debtors ask us “Can I keep my car if I file Bankruptcy?” The answer is – it depends. There are many factors to consider and discuss with your attorney in determining what your options are with regard to keeping…