One of the major benefits of filing for bankruptcy is that it offers a way for people or businesses struggling financially to obtain a discharge from some of their debts. This means that they are able to have some of their debts completely written off. The first step...
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Month: March 2018
Information that needs to be provided in a Chapter 13 filing
When you are struggling financially even when you have a stable job, it is likely that you are ready for a big change in your life that will enable you to have a fresh start. One of the ways that you could go about doing this is through filing for bankruptcy. If you...
Automatic stays in Chapter 12 bankruptcy
Chapter 12 bankruptcy is a specific type of bankruptcy that is especially created for family business owners who work as farmers or fishermen. Therefore, the specifics of the bankruptcy filing are tailored to benefit farmers and fishermen who are struggling...
After discharge: What to expect when exiting Chapter 11
While in the midst of a Chapter 11 bankruptcy your primary focus should be on properly restructuring the business in order to reemerge as a profitable enterprise. The confirmation and acceptance of the reorganization plan may seem like the hard work is done and the...
Cash flow solutions under Chapter 11
It is a simple fact that businesses can acquire cash flow issues at some point in their development. This does not mean that the business itself needs to fail or that the services they offer need to be fundamentally changed. But it can mean that the business gets into...