What Are Chapter 11 Bankruptcy Cases?

What is Chapter 11 bankruptcy? Essentially, when a business does not qualify for Chapter 7 and 13, they must file for Chapter 11 bankruptcy, which is a type of bankruptcy specific only to businesses and corporations. Luckily, Chapter 11 has...
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What Are Chapter 7 Bankruptcy Cases?

Out of all types of bankruptcy, Chapter 7 may be the preferred approach, as it is the easiest to navigate. When an individual or business makes the difficult decision of filing for bankruptcy, they are attempting to erase debts by...
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Types of Bankruptcy Cases: Which is Right for You?

For too long now, you have struggled to keep your business or lifestyle afloat. Eventually, there comes the point when it is simply not feasible to continue piling on the debt. So you must finally file for bankruptcy. For those...
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7 Signs It Is Time to File for Bankruptcy

Many people struggle financially. However, there comes a point for some people when they may need to examine their financial situation and take steps to get back on track. They may need to consider filing for bankruptcy. But how do...
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How to Find the Right Bankruptcy Attorney for You

Filing for bankruptcy can be a daunting process without a qualified bankruptcy attorney. You will need to figure out what option to file for, when to file, how long the process could take, what will happen to your assets, and...
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Chapter 7 vs Chapter 13: What’s the Difference?

If you need to file for bankruptcy, it could feel like the end of the world. You may be stressed about what will happen next, how to file correctly, and which option for filing you should choose. Two of the...
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What Are the Benefits of Filing for Bankruptcy?

Many Americans have a stigma attached with filing for bankruptcy and see it as a last resort. Filing for bankruptcy can be a stressful and overwhelming experience, especially without an experienced attorney. And, most people would avoid it if at...
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What Is Bankruptcy? An Overview

The word bankruptcy is often associated with failure, but in the United States, bankruptcy can be a tool for success. Bankruptcy is when someone or some business cannot pay their debts owed to creditors. This may offer relief from debt...
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What Are Some Advantages of Filing for Bankruptcy?

Filing for bankruptcy can be a better option than living with debt. It's not the end of the world, and there are many advantages to filing for bankruptcy, for instance, you might be able to get rid of some or...
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How Does Bankruptcy Affect Retirement?

When a debtor has no alternative but to file for bankruptcy, they may get short-term relief from debt obligations, but the long-term effects are very real. Seeking out bankruptcy protection will remain on your credit record for as long as...
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