Legal Article
Filing Bankruptcy
A bankruptcy filing consists of several schedules that must be included. A debtor who files for bankruptcy protection must include schedules of assets, debts and a proposed payment plan if the bankruptcy filing is for Chapters 11 or 13. A bankruptcy filing under Chapter 7 consists of liquidation, therefore a payment plan is not required.
For more information about Filing Bankruptcy, click here.
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FAQs
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What is the first step in filing for bankruptcy?
After you have decided to file for bankruptcy, the first step is to file a petition with the Bankruptcy Court. On the … more -
Is there a limit on the number of times that I can file for bankruptcy?
The time periods between bankruptcies depends on the type of the previous filing and the type of new filing. If your new … more -
If I file for bankruptcy – will my spouse need to also?
No. In cases where both spouses have a lot of debt, a joint petition for a bankruptcy may be filed. Only married … more
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