If you fail to pass the means test, then you will have to file for bankruptcy under Chapter 13. What this essentially does is create a repayment plan for you which will be spread across 3 to 5 years.
View full post on Finance:Bankruptcy-Personal Articles from EzineArticles.com
Share and Enjoy:
Filing for bankruptcy is likely one of the hardest things you will ever have to do in your life. After you have filed for bankruptcy, the record of your bankruptcy will live with you for the next 10 years.
View full post on Finance:Bankruptcy-Tips-Advice Articles from EzineArticles.com
Share and Enjoy:
You can file bankruptcy more than once. If you have previously filed bankruptcy, when you can file a second (or third) time depends upon several things, including which chapter you have previously filed under (Chapter 7 or Chapter 13) and whether or not you received a discharge.
View full post on Finance:Bankruptcy Articles from EzineArticles.com
Share and [...]
Before making a decision as to whether or not file for a Chapter 7 bankruptcy, debtors need to keep in that they have many alternative options to obtaining Chapter 7 help. Debtors who have a business, may want to remain in business and not liquidate. In these instances debtors really need to think about filing [...]
If you tell someone you are planning your strategy to apply for bankruptcy, it would sound rather suspicious. Who in the right mind would plan to go bankrupt ahead of time? The truth is that if you are facing financial difficulties and bankruptcy is your sole option, then you do want to plot your bankruptcy [...]
Bankruptcy Feeds