In order to have a clean slate and be relieved of debts, federal laws allow provisions for declaring bankruptcy. Before 2005, the laws were comparatively easy but now, they are pretty complicated. So much so that it is always recommended to hire a lawyer to make matters easy and hassle free. Before you decide to… Read More »
Filing for bankruptcy is a last resort for individuals or companies struggling to pay their bills. While the concept of filing for bankruptcy is the same for both groups, the actual process of filing for and the ramifications of a bankruptcy are different for an individual are different than for a business. What are the… Read More »
Understandably, there is often confusion in how to pay for a bankruptcy lawyer when you are so financially strapped. You likely wonder if you cannot pay your bills, how can you possibly afford to pay the attorney. Many bankruptcy attorneys provide an easy payment plan to ensure that the individual or family can afford to… Read More »
Chapter 11 bankruptcy is most commonly filed by corporations but may also be used for some individual bankruptcy claims. Other common bankruptcy options such as Chapter 7 (an asset liquidation bankruptcy) and Chapter 13 (a financial reorganization bankruptcy) that can be used by individuals are generally shorter processes than Chapter 11 but for different reasons… Read More »