If you’re planning or considering on filing bankruptcy as an individual, often you’ll be referred to either Chapter 13 or Chapter 7 bankruptcy, however there is another option that offers many benefits to individuals, Chapter 11 bankruptcy. At first, many people assume that Chapter 11 is solely meant to provide financial relief for businesses and corporations, but under Section 109(d) …
Specific Chapters of Bankruptcy for Business
How bankruptcy works for businesses? Filing a petition of bankruptcy for business can be intimidating not only because of the consequences that will follow, but also because of the process. It can also be confusing because of the various forms of chapters or filings a business can make. This post will seek to describe the three methods that can be …
Should You File Bankruptcy Without An Attorney?
If you’re considering filing bankruptcy (either individual or business) you’re probably already on a pretty tight budget. The thought of spending what extra money you don’t have on a bankruptcy attorney in Naples seems a bit like going backwards, that is until you consider the alternative. When you file bankruptcy you are under no obligation to hire an attorney to …
How To Claim Bankruptcy – Just The Facts
Each and every year thousands of people throughout the United States and millions more around the world contemplate filing bankruptcy. After all, the personal bankruptcy process can be one of the most effective methods when it comes to eliminating large portions of debt. That being said, many people are intimidated by the process itself; they aren’t quite sure how to …