Bankruptcy

Bankruptcy law is the area of law designed to assist individuals and businesses with liquidating or reorganizing debt.

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Frequently Asked Questions

  • What is a means test?
    A "means test" in a bankruptcy proceeding is one of the factors used to determine whether an individual debtor is eligible to file for bankruptcy under Chapter … more

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  • What are the basics of a Chapter 13 bankruptcy?
    With recent changes in bankruptcy law, more and more people are finding themselves ineligible for traditional Chapter 7 bankruptcy, or liquidation; as a result, the trend is toward more Chapter 13 bankruptcy filings. By filing Chapter 13 bankruptcy, you are essentially entering into a repayment plan that permits you to repay all or a portion of your debts over a certain time … more
  • Is there is anything that I can do about my debts to avoid filing bankruptcy?
    There are a number of steps that you can take in order to avoid bankruptcy proceedings. If you find yourself falling behind on your credit card, car loan, and/or mortgage payments, you may want to take some immediate steps so as to avoid filing bankruptcy on these debts.    First, many people are overwhelmed by credit card debts. Never mind how you got yourself in over your … more
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Am I Eligible to File for Bankruptcy Under Chapter 7?

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