Many people in America have some amount of debt. Whether this is in the form of student loans, credit cards, home, and car loans, etc., too much debt can cause serious financial distress and may result in the need to file bankruptcy. Since everyone is fighting a different economic battle, not all types of bankruptcy are created equal. If you’re …
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) …
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 …