What Is a Secured Claim in Bankruptcy?
When filing for bankruptcy, your creditors have rights. And one of those rights is to receive payment by submitting a secured claim form to receive payment on the debts you owe. If filing for bankruptcy, it is probably because you owe a considerable amount of debt and your income can no longer satisfy those monthly…
How Do I File for Chapter 7 Bankruptcy?
How do you file for Chapter 7 bankruptcy? The process is relatively quick, especially because it is the most common type of bankruptcy filed by consumers each year. The process can, however, take longer than necessary if you do not follow the filing deadlines or complete the steps required by the court. Luckily, because it…
Can a Business Survive Chapter 11?
Can a Business Survive Chapter 11? As a struggling business owner, you want to keep your doors open, preserve your legacy, and save the jobs of those who are dedicated to your company. So, when you start considering bankruptcy to get out from your business debts, you may wonder if your business will survive the…
Top Tips for Healthier Finances
Do you wish you had healthier finances? Now is the time to rejuvenate your finances and improve your credit score. If you find yourself drowning in debts, you may be able to swim your way out by implementing some healthier spending and money management tips. When the bills become too much or you do not…
Filing Chapter 7? You Might Still Have to Pay toward Some of Your Debts
Filing Chapter 7? It is a common misconception that everything you owe is erased upon completion of a Chapter 7 bankruptcy. While many of your debts discharge, some debts do not go away – and failing to pay on those debts could result in further collection efforts. If you are considering Chapter 7 as your…
A Quick Guide for Companies Considering Chapter 11 Bankruptcy
Considering Chapter 11 Bankruptcy? Bankruptcy, whether personal or business, is a procedure governed by federal (not state) laws. Because it is a federal procedure, bankruptcies run through the Federal District Courts rather than state-level courts. As a business owner, you have options when you find yourself unable to meet debt obligations. Not only can you…
What to Expect at Your Chapter 12 Confirmation Hearing
Wondering what to expect at your Chapter 12 confirmation hearing? Chapter 12 bankruptcy is exclusively offered for family farmers and fishers. It allows these individuals to restructure their finances, save their business, and avoid court-ordered liquidation or foreclosure. Chapter 12 works similarly to Chapter 13 bankruptcy where you create a repayment plan that the courts…
Tips for Planning Your Chapter 11 Reorganization
Planning Your Chapter 11 Reorganization? Chapter 11 bankruptcy is the ideal solution if you want to keep your assets but get relief from creditors. The most important aspect of filing for Chapter 11 is your reorganization plan. The court requires your reorganization plan and must approve it before you proceed with Chapter 11. In its…
How Are Debt Consolidation Loans Handled during Bankruptcy?
Debt consolidation loans are advertised for those who are in over their heads in debt and want to take multiple payments and combine them into one. But how are debt consolidation loans handled during bankruptcy? Sometimes, they come from financial institutions, while other times they come from a consolidation agency. Regardless, the principle idea is…
Tips for a Better, Safer Walking Experience
Want a better, safer walking experience? Whether you live in the city or a quiet suburban neighborhood, walking is a great way to get out, enjoy the fresh air, and increase your physical activity. Walking, however, can be a challenge on busier streets. Regardless if you are walking to get from one point to another…