Many debtors contemplating filing for bankruptcy have never heard of a Chapter 12 bankruptcy. This unique bankruptcy filing is only available to owners family farmers or those in similar employment situations.
Did you know that a creditor can use your posts on social media profiles against you, even if they are set to private? If you file for bankruptcy, be aware that what you post can and will be used against you.
If Black Friday sales failed to get your small business out of the red, you may have to seek further debt solutions like a Chapter 11 bankruptcy. While bankruptcy shouldn't be your first choice for a solution to your debt problem, it can be an effective way to reorganize your debt and make it more manageable.
The first thing that debtors often ask their bankruptcy attorneys is what property they will be allowed to keep and what they will need to surrender. The property you are permitted to keep is known as "exempt" property.