Archive for May, 2008
chapter 13 bankruptcy and foreclosure
First of all this is the definition of the foreclosure:
Foreclosure is the legal procedure in which the government takes ownership of a certain property. If you don’t pay the mortgage in time the company that give you the house loan can take your house and sell it order to recover their money.
Chapter 13 gives the […]
Chapter 13 Bankruptcy Definition
The main advantage of going for a Chapter 13 bankruptcy is that, as according to the Chapter 13 bankruptcy definition, the debtor can keep his/her property and use his/her income to pay all or a portion of the debts over three to five years. Also, there has to be kept in mind that the value […]
How to File Chapter 7 Bankruptcy without a bankruptcy Lawyer
Many of you don’t have the necessary amount to hire a lawyer when they file for bankruptcy. Or many of you prefer to pay some debts rather than spend money on legal services. Anyway we wrote this post especially for you the ones that want to file for chapter 7 bankruptcy and cannot afford a […]
Considering Business Bankruptcy Laws
Nowadays, how companies go out of business or recover from crippling debt is being governed by business bankruptcy laws. Also, there has to be kept in mind that, in order to “reorganize” its business and try to become profitable again, a bankrupt company might use Chapter 11 bankruptcy if the Bankruptcy Code. In this case, […]
California bankruptcy exemptions
These are the bankruptcy exemption in California.Make sure you check the federal bankruptcy exemption since you can choose one or another.
Asset: Homestead
- Real or personal property you occupy including mobile home, boat, stock cooperative, community apartment, planned development or condo to $50,000 if single and not disabled; $75,000 for families if no other member has […]
