Can My Spouse Be Liable for Debt When Filing Bankruptcy for My Business?
Small business owners who consider bankruptcy protection may wonder if creditors may decide to pursue a spouse for outstanding debt when the business seeks protection. There are a few aspects to consider that may...
Using Bankruptcy to Help Pay and Discharge Debts
This week Warren Sapp's Chapter 7 bankruptcy case was completed after filing in April earlier this year. When he filed his petition he had an overwhelming amount of debt totaling close to $7 million. ...
If I Have a Power of Attorney Can I File Bankruptcy for Someone Else?
A Power of Attorney is a unique document that states certain transactions can be carried out by a designated party on behalf of a loved one. Such documentation may be drawn up when a...
What Happens If New Debt is Accumulated During Bankruptcy?
When a debtor seeks bankruptcy protection by filing either Chapter 7 or Chapter 13 bankruptcy , it includes debt accumulated prior to their filing. This means debt obligations included in the current petition filed...
Five Reasons Why You Need Allmand Law
There is no question that many people are struggling with their finances and the thought of filing for bankruptcy can be scary. You are not alone, many people feel the same way in tough...
Is There a Limit on How Much Debt I Can Have When Filing Bankruptcy?
Debt Limit For Bankruptcy Debtors considering bankruptcy likely will have different amounts of outstanding debt. The type of debt may also vary with some debtors having more unsecured debt, such as medical bills or...
What Bankruptcy Exemptions Am I Eligible For?
Bankruptcy offers different exemption systems for debtors who file. In Chapter 13 bankruptcy exemptions may help determine what payment arrangements are created for your repayment plan. In Chapter 7 bankruptcy they can offer protection...