When you file for Chapter 11 bankruptcy, it probably means that things have been tough from a financial perspective for quite a while. It's easy to say that financial wealth never needs to affect mental health and happiness; however, the reality is that financial...
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chapter 11 bankruptcy for individuals
Chapter 11 bankruptcy: A solution to failed investments
When you have a large estate and a high-earning potential, it is likely that you repurpose your assets into many different investments. All investments, no matter how sensible they might seem, have some risk associated with them, and even the smartest investors can...
Can I use credit cards during bankruptcy?
Many people decide to file for bankruptcy in order to get a fresh start from their debts. When they are in the process of paying off their debts; however, they may want to have credit cards as an extra form of financial security. Having credit cards is convenient, and...
Chapter 11 and creditors’ committees
When a business files for Chapter 11 reorganization, a number of parties may become involved in the process. Depending on the nature of the debts motivating the business to reorganize, the procedure may call for forming a creditors' committee. While each creditors'...
Individual bankruptcy: Filing Chapter 11
Chapter 11 bankruptcy concerns itself with helping people reorganize their debts, their income and their methods of repayment. It is a great solution for a business, because it offers a way to enable businesses to change the means of their revenue stream. However,...
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...
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...
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...
How does a recent SCOTUS ruling for big banks impact consumers?
The Supreme Court of the United States (SCOTUS) recently ruled on a case that questioned the protections available under the Fair Debt Collection Practices Act. The case specifically delves into whether or not companies that purchase debt and attempt to receive...