When it comes to bankruptcy, most people are familiar with Chapter 7 and Chapter 13. While these are the most common choices for individuals, Chapter 11 bankruptcy often comes into play when a business needs to reorganize due to a large amount of debt. It is not...
Month: September 2015
The biggest benefits of Chapter 13 bankruptcy
If you are interested in filing for personal bankruptcy, you will have a big question to answer early on: Is Chapter 7 or Chapter 13 bankruptcy the best option? While many people immediately gravitate toward Chapter 7, due to the fact that they can discharge most...
Understanding the Chapter 7 means test
If you are interested in filing for Chapter 7 bankruptcy, there are some things you need to know. Most importantly, you may not qualify for this type of bankruptcy. This is often the case if you earn too much money. With Chapter 7 bankruptcy, the means test comes into...
Video: How often can you file bankruptcy?
There is no question that bankruptcy laws are complicated. Because of this it is not surprising that there are a lot of misconceptions about things related to the process, such as how often someone can file for protection under bankruptcy laws. Many believe that it is...
Bankruptcy and wage garnishment: Getting the help you need
If you slip too far behind on your bills, it is only a matter of time before creditors begin to contact you. At some point, they may file a lawsuit with the idea of garnishing your wages. When this happens, you will find yourself in a more difficult position. It will...