According to recent statistics, around 970, 000 bankruptcies have been file under the United States Federal court between the months of June 2007 to June 2008. Families and individuals encountering different kind of difficult financial situations consider this option of discharging their debts. ... Views: 776
In a discharge, as a debtor, you will be legally free from personal liability in certain kinds of debts. This means you will not have to pay those debts any more. Legally, no company can initiate any form of collections activities in your case. In the case of a valid lien, where property such as ... Views: 769
Filing for bankruptcy can be a scary thought in itself. The whole process can be a bit unnerving and you may have several doubts. There are some common questions that most people have. Some of them may be considered irrelevant in the face of bankruptcy. However, the answers to them can set one’s ... Views: 702
When it comes to filing for bankruptcy for individuals, the choice is often between Chapter 7 and 13. They are titled chapters since each one outlines the purpose as well as terms and conditions under which one can file for bankruptcy under it.
A general opinion on bankruptcy summarizes what ... Views: 636