Monthly Archives: October, 2009
Chapter 13 vs Chapter 7
You should consider a Chapter 13 plan if you can work out a way to pay off part of your debts over a period of time and still afford the reasonable costs of living. The law says you can use a Chapter 13 plan if you have a steady income. This means you work for [...]
How Chapter 7 Works
How Chapter 7 Works A chapter 7 case begins with the debtor filing a petition with the bankruptcy court serving the area where the individual lives or where the business debtor is organized or has its principal place of business or principal assets. (3) In addition to the petition, the debtor must also file with [...]
Chapter 7 Bankruptcy Eligibility
To qualify for relief under chapter 7 of the Bankruptcy Code, the debtor may be an individual, a partnership, or a corporation or other business entity. 11 U.S.C. §§ 101(41), 109(b). Subject to the means test described above for individual debtors, relief is available under chapter 7 irrespective of the amount of the debtor’s debts [...]
Bankruptcy Help
Are you getting harrased with collectors calling you, day and night. Do you owe money on your credit cards. Are you looking for a way out of deep end.