Should My Business File Chapter 7 Bankruptcy? While individual debtors have the right to file Chapter 7, Chapter 11 or Chapter 13 bankruptcy, corporations and LLC's only have the right to file Chapter 11 bankruptcy or Chapter 7 bankruptcy. While we often hear of companies filing Chapter 11 bankruptcy, we don't often get to see [...]
Dischargeable Debts in a Chapter 7 Bankruptcy When it comes to Chapter 7 bankruptcy , the primary goal is to get most (if not all!) of your personal debts discharged. From the sky-high credit card bills to medical debts - and everything in between - discharging your biggest debts can give you the fresh start [...]
Fail the Means Test and Still File Chapter 7 Bankruptcy? Some people who fail the Means Test aren't satisfied with the option of filing for a Chapter 13. There is still a chance that you can file for a Chapter 7 bankruptcy but you'll have to prove that you have a special circumstance that requires [...]
When is it too late to stop foreclosure? In other words, when is the absolute latest you can file bankruptcy and stop a foreclosure sale? The truth is, it's not over until it's over. You can file right up to the day of sale. Understanding the Foreclosure Timeline In a typical foreclosure situation, your lender will [...]
If you have fallen behind on your mortgage payments, you're likely worried about protecting your home. But how can bankruptcy help? Is it possible for you to save your house? Below, we discuss how to stop foreclosure actions through bankruptcy and buy yourself a little time. How the Foreclosure Process Works Once your mortgage goes into default, [...]
You're understandably attached to your car, and the thought of having it taken away can be almost unbearable. So can't you just hide it and avoid the entire car repossession process? How long will a repo man look for a car that's up for repossession? If you’ve made it impossible for the repo man to get to your [...]
If you've missed a car payment, and then another, and another, you may be facing the prospect of having your car taken away from you. Vehicle lenders have specific rights, which end only when you have paid off your loan obligation. These rights will be laid out on the contract you signed when you drove [...]
Nearly one million Americans file for bankruptcy each year because of medical debt. A sudden illness or accident could put you underwater overnight. And while bankruptcy is not the only option, it remains one of the most powerful tools that debtors have to find financial relief. In this article, we discuss how to get rid of [...]
When medical debt becomes unmanageable, it can be recipe for financial ruin. But can you file bankruptcy on medical bills? Yes — in fact, it’s one of the primary reasons most people file bankruptcy. Below, we discuss the process of eliminating medical debt through both Chapter 7 and Chapter 13. Medical Debt Is a Leading Factor in Bankruptcy Filings [...]
Medical Bill Debt up to Seven Figures In 2010, Steven Stacey was in a very bad car accident involving his cousin and two friends. Although his mother, Michelle, was notified she did not get much detail when the accident occurred. As her son fought for his life and underwent an operation at the Saint Francis [...]
