Chapter 13 bankruptcy allows individuals who owe less than $1 million in unsecured debt to pay off their debts over three years instead of paying them back in full at once. This type of bankruptcy is also known as wage earner plan or repayment plan. Chapter 13 bankruptcy is a form of consumer bankruptcy that […]
These Forms Include: – A Statement of Financial Affairs – Schedules B (Personal Property) and C (Creditors Holding Secured Claims) – Schedule D (Creditors Holding Unsecured Priority Claims) – Schedule E (Creditors Holding General Unsecured Claims) – Form 6 (Statement of Intention) – Form 9 (Brief Summary of Debts) – Form 10 (Explanation of Bankruptcy […]
Bankruptcy is a legal procedure where a person or company declares bankruptcy. This means they cannot pay their debts anymore and are no longer able to continue operating. If you are facing financial difficulties, you should consider filing for bankruptcy. Bankruptcy is often considered a last resort because it can affect your credit rating and […]
Yes! A lawyer will help you understand what options are available to you, and ensure that you choose the one that is best suited for your needs. The first step in starting a business is deciding what kind of business you want to start. The two main categories are: 1) Service businesses 2) Product businesses […]
Bankruptcy is a legal proceeding where a debtor seeks relief from creditors through liquidation of assets or reorganization of debts. There are two main types of bankruptcy: Chapter 7 (liquidation) and Chapter 13 (reorganization). The type of bankruptcy you file depends on whether you want to pay off your debt or sell your property. If […]
Bankruptcy is a legal process where someone declares they cannot pay their debts. This means that creditors can take possession of their assets and sell them off to recover the debt. If you declare bankruptcy, you won’t be able to get credit cards or loans from banks. Bankruptcy is a serious issue that affects millions […]