There are several different Chapters available to an individual or business that finds themself overwhelmed financially. For each different Chapter, 7,9,11,12,13,or 15 there are a specific set of rules and guidelines one must follow or the petition for bankruptcy will be denied. Whether you are looking to payoff or wipe out your debts, there is [...]
In general there are six laws of bankruptcy. These are: Chapter 7,9,11,12,13 and 15. These laws are set up to protect creditors and debtors. There are the different laws because there are different situations which cause one to file bankruptcy. Some of these are for personal bankruptcy, Capters 7 and 11, while some are just [...]
Chapter 12 Bankruptcy is reserved for a special nitch of people. Chapter 12 was designed to help the family farmers and fisherman. Now what does that mean? A fisherman or a farmer that is following in their ancestors footsteps in those fields that have insurmountable debts as a result of the much needed industry they [...]
If you have a job and or income on a regular basis then Chapter 13 Bankruptcy may be the best of the Bankruptcy options for you. Chapter 13 is for individuals or small businesses (one owner) that have the means to pay a sizable amount of their debt back but may need aditional time and [...]