Filing Bankruptcy

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Chapter 7 bankruptcy can wipe out most of your debts. There is a "means test" for filing this type of bankruptcy. You must make less than a certain amount of money. Talk to a lawyer to see if you qualify for this type of bankruptcy. You cannot repeat this type of bankruptcy filing for 6 years.

Thousands of Chicago motorists may be able to get their cars and trucks out of city impound lots immediately after filing for Chapter 13 bankruptcy following a federal appeals court ruling that the.

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Filing for bankruptcy will get rid of some, but not all, lawsuits. If you’re thinking about bankruptcy, it’s a good idea to make sure your tax returns are up to date. Filing for bankruptcy for student loans can potentially help make your payments more affordable, but getting them discharged is an uphill battle.

You don’t always have to lose your car when you file bankruptcy. However, whether or not you can keep your vehicle depends on three things: the type of bankruptcy you’re filing, if you’re up to date.

Houston-based retailer Charming Charlie said Thursday it will close all of its stores by the end of August after filing its.

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A bankruptcy filing would normally halt active litigation immediately, giving a company such as Insys time to reorganize and preserve money that would otherwise be spent fighting the cases. But a.

According to the U.S. Court System Administration Office, there were 936,795 bankruptcy filings in 2014, the majority of which were individuals claiming Chapter.

There are three types of bankruptcy that a business may file for depending on its structure. Sole proprietorships are legal extensions of the owner. The owner is responsible for all assets and liabilities of the firm. A sole proprietorship can take bankruptcy by filing for Chapter 7, Chapter 11, or Chapter 13.

Even though you’re filing a bankruptcy case to get rid of overwhelming medical debt, you won’t be able to limit the case to just outstanding medical bills. The bankruptcy laws are designed to be as fair as possible to the debtor (the person who files the bankruptcy case) and to the creditors.