Tag: chapter 7 Archive
What to Expect Once You’ve Filed for Bankruptcy
Right after you file for bankruptcy, your credit will not be strong. Although it’s interesting to consider that any individual filing for bankruptcy wasn’t enjoying a “strong” credit rating immediately prior to filing either. The very same circumstances that led them to file for bankruptcy have already wreaked havoc on their ...
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Chapter 7 vs. Chapter 11 for Small Businesses
When filing for bankruptcy the first decision that has to be made is what type of bankruptcy will be filed. There are certain qualifications for each and each one has its own pros and cons. Chapter 7 bankruptcy, put simply, is a case of liquidation. It can be described as ...
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When is the Right Time to File for Bankruptcy?
When should you file for bankruptcy? Obviously the time to file is when it’s necessary due to financial crisis, but once you have decided that your situation warrants bankruptcy, when should you file? Is there a best time to start the proceedings? Depending upon the time you file, you could ...
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Your Bankruptcy Timeline
One of the most common questions regarding bankruptcy is one of the simplest: what is going to happen? That’s why we find it so helpful to make sure that everyone even considering filing knows each and every step that can be expected along the way. Here is your timeline of ...
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Only You Have to File for Bankruptcy, Right?
Do you ever feel like you are the only one that is being forced into filing bankruptcy? Do you wonder how everyone else somehow keeps it together, makes ends meet, has all they need and successfully navigates their finances? How is that you are the only person who has to ...
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Defining Your Bankruptcy Options: Chapter 7, Chapter 11 and Chapter 13
When considering solutions to financial catastrophe, bankruptcy is an obvious choice. Legal professionals can walk individuals in need of bankruptcy advice through the basics and show them the ropes, but it’s best to walk into this type of situation with a basic understanding of the terminology. It helps avoid confusion. ...
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