If you own a struggling business, you want to consider all your options to get back on track and possibly return to profitability. One option is Chapter 11 bankruptcy. Chapter 11 protects your business from creditors while allowing you to…
For those with medical debt, you know the debt struggle is real. Every day, you face that mountain of medical bills, in addition to all of your other debts. Every dollar that goes to that medical debt is another dollar…
Financial calamity can fall on just about anyone. All it takes is a single medical bill, car repair or layoff that makes it difficult for you to make ends meet financially. If these hardships go on long enough and you…
There are a lot of misconceptions out there about the bankruptcy process. Although it is one that can provide very real debt relief, a lot of people think that it will forever mar their credit report and leave them without…
Personal bankruptcy, especially Chapter 7 bankruptcy, can give you the fresh financial start that you need and deserve. But the process can be tricky to navigate, not only from a legal perspective but also from an emotional one coming from…
Many people are afraid that in a personal bankruptcy, they will have to give up everything they own. Fortunately, this is not the case. Chapter 7 bankruptcy does require the debtor to surrender some assets, but there are many exemptions.…
There are a variety of different ways that personal bankruptcy may be able to provide important protections to those burdened by overwhelming debt. One of those protections is the automatic stay that goes into effect once the filing party files…
The past two years were difficult for small businesses. If debts became unmanageable, it may be necessary to file for bankruptcy. This decision and the options for filing business bankruptcy in federal bankruptcy court require serious consideration.
Most people who own a home take out a mortgage in order to purchase it. For many people, it may also be the largest purchase they ever make. That’s why when an individual is unable to make the mortgage payment,…
When your business is in financial distress, Chapter 11 bankruptcy may be your best option. But it’s a complicated process with many variables, restrictions and decisions which need to be made. Cash collateral is a potential option many businesses will…
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