Top Tips for Healthier Finances in 2019

Bankruptcy
bankruptcy

It is the start of 2019, and now is the time to rejuvenate your finances and hopefully 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 as part of your New Year’s resolution. When the…

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A New Year and a Fresh Start: Is Chapter 11 the Right Choice for You?

Bankruptcy
Bankruptcy

Everyone has their New Year’s resolutions in the works in December, and one of those that many consider is getting their finances in order. When bills pile up, you cannot catch a break, and your debt-to-income ratio has dwindled to nothing for your organization, you might consider filing for bankruptcy. By filing for bankruptcy, you…

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A Quick Guide for Companies Considering Chapter 11 Bankruptcy

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 choose to liquidate, but…

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What to Expect at Your Chapter 12 Confirmation Hearing

Bankruptcy
bankruptcy

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 approve – and you then follow. Part of filing your…

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Tips for Planning out Your Chapter 11 Reorganization

Bankruptcy
chapter 12 bankruptcy

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 basic form, the reorganization plan…

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How Are Debt Consolidation Loans Handled during Bankruptcy?

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. Sometimes, they come from financial institutions, while other times they come from a consolidation agency. Regardless, the principle idea is to consolidate payments and the money spent on interest…

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Who Can File for Chapter 12 Bankruptcy?

Bankruptcy

Chapter 12 bankruptcy is not your average consumer bankruptcy. Instead, it is reserved for those designated as family farmers or fishermen. You must have a regular income from these sources and prove you face financial distress to qualify. Also, Chapter 12 is not a bankruptcy that erases your debts. Instead, you will plan out repayments…

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What Does It Cost to File for Chapter 11 Bankruptcy?

Bankruptcy
chapter 11 bankruptcy

One common question attorneys receive when a client is considering bankruptcy is how much it will cost. After all, you are overburdened with endless debts and barely scraping by financially. While bankruptcy provides relief from creditors and liabilities, you still must pay for that relief. So, how much would it cost to file for Chapter…

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