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Understanding Your Plan of Reorganization for a Chapter 11 Bankruptcy

Submitted by Anonymous (not verified) on Mon, 08/07/2017 - 03:00

Chapter 11 bankruptcy, also known as “reorganization bankruptcy,”
is a bankruptcy plan that allows corporations, partnerships and individuals
to reorganize their finances and restructure their debt. Unlike
Chapter 13 bankruptcy cases, Chapter 11 bankruptcy has no debt ceiling. This plan is popular
with both large and small businesses that need to restructure their debt.

Four Bankruptcy Myths Busted

Submitted by Anonymous (not verified) on Fri, 08/04/2017 - 03:00

If you or a loved one are currently considering bankruptcy to address your
financial problems and obtain a financial fresh start, it is important
to remember that not everything you hear about the process is true. There
are a great deal of myths surrounding bankruptcy, and they often comes
through word of mouth, anecdotes, and sheer misinformation they gets perpetuated
among the public. Taking these myths as fact can not only give you the
wrong idea of what bankruptcy is truly intended for and how it is used,

Should I Keep My Car After Bankruptcy?

Submitted by Anonymous (not verified) on Tue, 08/01/2017 - 03:00

If you are filing for
bankruptcy, it is likely that you have been facing debts and financial difficulties
in various areas of your life. This can include your property, and your
vehicle. Because many of us depend on our cars to get us to and from work,
and to handle the daily needs of life, it can be difficult to consider
whether giving yours up is a wise decision. Because bankruptcy is always
unique to the financial circumstances at hand, whether you should keep

Reasons to File Bankruptcy at the Beginning of the New Year

Submitted by Anonymous (not verified) on Fri, 01/16/2015 - 19:11

If you ask any bankruptcy lawyer what they feel the best time is for filing bankruptcy, you’ll likely hear a resounding, “Now!” In truth, waiting around to file bankruptcy increases your risk for wage garnishments, lawsuits, auto repossession, and even foreclosure of you home. The New Year is here now, and there are many reasons […]

How to Get Rid of Credit Card Debt Through Bankruptcy

Submitted by Anonymous (not verified) on Thu, 11/20/2014 - 22:46

Excessive debt is one of the major reasons why people file for bankruptcy. In many cases, the excessive debt is the result of paying for necessities such as medical bills and vehicle repairs. While there are some exceptions, most credit card debt can be wiped clean with Chapter 13 and Chapter 7 bankruptcy. Chapter 7 Bankruptcy […]

How to Get Rid of Credit Card Debt Through Bankruptcy

Submitted by Anonymous (not verified) on Thu, 11/20/2014 - 22:46

Excessive debt is one of the major reasons why people file for bankruptcy. In many cases, the excessive debt is the result of paying for necessities such as medical bills and vehicle repairs. While there are some exceptions, most credit card debt can be wiped clean with Chapter 13 and Chapter 7 bankruptcy. Chapter 7 Bankruptcy […]

Can I Sell Some of My Assets Before Filing Bankruptcy?

Submitted by Anonymous (not verified) on Mon, 10/13/2014 - 22:11

The idea behind bankruptcy is to assist a person in resolving debt and learning better financial management. Being able to start again is not just about leaving the past behind, it also requires a person to protect their remaining assets. The benefits of this can be maximized by NOT borrowing, selling or depleting these assets... Read more »

Can I Sell Some of My Assets Before Filing Bankruptcy?

Submitted by Anonymous (not verified) on Mon, 10/13/2014 - 22:11

The idea behind bankruptcy is to assist a person in resolving debt and learning better financial management. Being able to start again is not just about leaving the past behind, it also requires a person to protect their remaining assets. The benefits of this can be maximized by NOT borrowing, selling or depleting these assets […]

Can You File Bankruptcy While in the Military?

Submitted by Anonymous (not verified) on Tue, 09/30/2014 - 21:19

While serving in the military, individuals have the same rights as regular civilians to file bankruptcy protection in order to save their valuable assets. However, individuals should keep in mind that certain high-ranking positions require security clearances that may not be available to people who have filed for bankruptcy. Nevertheless, there are no legal restrictions […]

Can You File Bankruptcy While in the Military?

Submitted by Anonymous (not verified) on Tue, 09/30/2014 - 21:19

While serving in the military, individuals have the same rights as regular civilians to file bankruptcy protection in order to save their valuable assets. However, individuals should keep in mind that certain high-ranking positions require security clearances that may not be available to people who have filed for bankruptcy. Nevertheless, there are no legal restrictions... Read more »

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