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chapter 11 bankruptcy for individuals Archives

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.

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' committee may operate differently or pursue different goals, many of the general principles of creditors' committees apply in most instances.

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, it's also a great option for individuals who have a high disposable income and do not qualify for Chapter 7 or Chapter 13.

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.

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 assets to pay off debts. Rather, they agree to a court-approved payoff plan. Once, the payments of this plan have been successfully completed, any remaining debts covered by the bankruptcy are dissolved.

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 payment from consumers are subject to the laws present within this act.

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