A mass recall causes many problems. There's the damage to your reputation, but also the cost of replacing thousands of dollars of merchandise. Depending on the recall, there is often a product liability lawsuit to go with it. In severe cases where products cause...
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Year: 2017
Calculating your payment plan for Chapter 13
In the cases of individual bankruptcy, there are three main kinds of bankruptcy to choose from: Chapter 7, Chapter 11 and Chapter 13. All are ways to try and relieve the debtor of their pressures and help them to get back on track. Chapter 13 bankruptcy has the...
Tax obligations while your bankruptcy is pending or discharged
Bankruptcy can change how you go about filing your taxes. One of the worst mistakes you can make is assuming that the way you've filed them at other stages in your life is the same approach you'll use when your bankruptcy is still pending or recently wrapped up....
Common questions about debt discharge in bankruptcy
Debt discharge occurs when a court rules that the debtor is no longer liable for certain debts that they previously owed. It can often be the case in individual bankruptcy cases under Chapter 11. This blog will serve as a brief overview on how debt discharge works in...
Bankruptcy for farmers: The basics
Bankruptcy under Chapter 12 is designed specifically for family agricultural businesses, such as family farmers and family fishermen. The idea is that the family farmer of fisherman can create a feasible repayment plan over three to five years, which allows them to...
What are the benefits of a Chapter 13 Bankruptcy?
The main component of a Chapter 13 Bankruptcy is that it forms a scheme for the individual to be able to feasibly repay all or part of his or her debts. It is ideal for those with a regular income, and is a way for an individual to avoid liquidating all of his or her...
What can be done about debt collector harassment?
Debt collection harassment is a harsh realty for many individuals, and can be a problem for those with large estates considering filing for bankruptcy. This blog gives a brief overview of what restrictive laws are in place against debt collector harassment. The Fair...
Know the law on Chapter 11 Bankruptcy Agreements
Chapter 11 Bankruptcy is known as "reorganization" bankruptcy; often, it's a way for companies to carry on some or all of their business activities by restructuring to create a profitable plan for the future. This may be done by large organizations, or by small-medium...
Know what is necessary to file Chapter 13 bankruptcy
Coming to the realization that your debts are more than you can handle is a rough place to be. Once you know what options you have to deal with these debts, you will have to decide what to do. One of the choices you have is Chapter 13 bankruptcy. Chapter 13 is often...
What should I submit with my Chapter 11 bankruptcy application?
Chapter 11 bankruptcy is a form of reorganization bankruptcy that is usually pursued by businesses and corporations. However, individuals may also be able to file for Chapter 11 in some cases. As a reorganization bankruptcy, debtors are not required to liquidate their...