By: Quinn Jackson | 2010-10-27 | Law One of the most commonly filed chapters of bankruptcy is chapter thirteen. Chapter thirteen bankruptcy is a rehabilitation that gives the debtor a plan of payment who have a regular source of income. This enables the debtor to come up with a way to pay back all or at least a portion of their debt to the creditor. This is where chapter thirteen bankruptcy gets its other name, Wage Earner Bankruptcy. read more
By: Quinn Jackson | 2010-10-27 | Law One of the most commonly filed forms of bankruptcy for individuals is chapter seven bankruptcy. It is also known as straight bankruptcy, and is the simplest and quickest form of filing. This is when a person gives up their property to a creditor so that it can be sold with the money going toward their debts. This is how creditors receive the money they are owed, and a person is able to dispose of their debt. There are certain pieces to a person's property that may be exempt from being taken. read more
By: Jason Fadien | 2010-11-01 | Personal Finance Understanding the difference between a Chapter 7 and a Chapter 13 bankruptcy filing is very important. If you are unsure or unfamiliar with the two main chapters then you can solicit the help of a Waukegan bankruptcy attorney. read more
By: Jason Fadien | 2010-10-29 | Personal Finance Once the final decision to file personal bankruptcy is made, you will need to decide whether Chapter 7 or Chapter 13 personal bankruptcy suits your needs. Your Long Beach bankruptcy lawyers will take your individual circumstances into account and will help you make this decision. read more
By: Jason Fadien | 2010-10-15 | Personal Finance All Franklin bankruptcy lawyers must understand the Bankruptcy Abuse and Consumer Act of 2005, commonly referred to as the New Bankruptcy Law. In general, this law makes it harder for people to file for bankruptcy. read more
By: Steven Thomas | 2010-04-01 | Bankruptcy What is the difference between Chapter 7 Bankruptcy and Chapter 13 Bankruptcy? Think Liquidation and Consolidation. read more
By: DJ Zeus | 2011-02-24 | Finance Wait, and think before you file bankruptcy. Filing for Bankruptcy is not an easy task. It requires a lot of documentation, planning and legal expertise, which are not possible for an individual to handle. read more
By: Busby & Associates | 2011-02-05 | Bankruptcy To get into the disastrous clutch of debts is indubitably one of the most unfortunate things to happen to a business or one individual. However, to rescue the debtors from such a misery, Chapter 7 Bankruptcy and Chapter 13 Bankruptcy petitions are of significant help with the able help of a Houston Bankruptcy attorney. read more
By: Dayton Harris | 2011-03-16 | Bankruptcy Both types of bankruptcy are good for those desperately needing relief from debt. Chapter 13 creates a 3-5 year payment plan. read more
By: Settlement Management | 2011-12-06 | Debt Consolidation Chapter 7 bankruptcy is called "giving an honest individual debtor a brand new start" based on uscourts.gov. This means anyone who gets in "over their head" with debt, might have those debts forgiven. For businesses here is the worst option. read more
By: Henry Paloci | 2010-11-01 | Bankruptcy In Chapter 7, you essentially give up all of your assets, and in return you get out of all of your debts. This is a gross oversimplification, of course, but it illustrates the difference between Chapter 7 and Chapter 13. read more
By: Jason Fadien | 2010-10-15 | Personal Finance Chapter 7 bankruptcy involves liquidation to help repay debts while chapter 13 bankruptcy is essentially a three to five year debt repayment plan. Newer bankruptcy laws have actually made it harder to file for chapter 7 bankruptcy, and more difficult to file for bankruptcy in general. read more
By: Jason Fadien | 2010-10-15 | Personal Finance This article offers a quick summary of many Chapter 7 facts to help you determine whether this is the right course of bankruptcy for you. read more
By: Tony Bertolino | 2010-04-02 | Bankruptcy What exactly is Chapter 11 bankruptcy and what are the repercussions that a company can expect to face once the paperwork is officially in the hands of the court? While this option is available both to businesses and individuals, Chapter 11 is most commonly known as "reorganization" of a corporate entity. read more
By: Les Foster | 2010-03-30 | Bankruptcy This plan is sometimes referred to as an income-based or wage-earner's plan. Chapter 13 Bankruptcy Evaluation gives the debtor the option of proposing a plan of repayment which will either extend or reduce the amount of any obligations and give him the chance to be discharged from any unsecured debts upon his completion of any and all payments. read more