Good People File for Bankruptcy
In 2022, there were nearly 375,000 personal bankruptcies filed by normal, everyday people just trying to get back on track.
In 2022, there were nearly 375,000 personal bankruptcies filed by normal, everyday people just trying to get back on track.
Chapter 7 (liquidation bankruptcy) and Chapter 13 (reorganization bankruptcy) are considered the most common for individuals and small businesses - how is eligibility determined?
How would your life look if you were finally out from under your crippling debt obligation? It's time to find out.
If you are eligible for Chapter 7 bankruptcy and you pass your means test, debt should be eligible for discharge. But if you don't pass, you have other debt-relief options.
Although a bankruptcy filing is officially a public record, very few people will accessit - especially if they are unaware of the filing.
Bankruptcy discharge paperwork is provided to a debtor once they complete their case. These documents will inform your creditors and any relevant collection agencies about the bankruptcy’s completion, typically rendering the debtor’s debts uncollectible.
Unless there is a significant change in income, most individuals find that the longer they wait to file, the worse the situation becomes. Is it wise to delay bankruptcy?
Post-pandemic, many Sarasota area companies are considering their options - including filing for small business bankruptcy.
Bankruptcy is an effective vehicle for getting back on one's feet financially, but those new to the state may wonder about Florida bankruptcy laws and the rules that apply.
Here are the six fast facts you need to know about filing for Chapter 13 bankruptcy - clear and to the point.