Making the decision to declare yourself bankrupt is often a major one. While it’s always recommended that you use a chapter 7 bankruptcy lawyer or any other lawyer to guide you through the process, some people opt to go it alone. This often results in the people making plenty of mistakes. The most common mistakes [...]
Chapter 7 bankruptcy is a liquidation proceeding where the court appoints a trustee to liquidate your assets for payment to your creditors. You assets include cash, vehicles, jewelry, antique, investments in brokerage accounts, and other possessions. Chapter 7 is often the simplest and quickest form of bankruptcy and is available to married couples, individuals, partnerships, [...]
Bankruptcy is a legal process that helps you repay your debts under the protection of the Bankruptcy Act. The Act provides two types of bankruptcy options: Chapter 7: Also referred to as liquidation bankruptcy, when you file for this type most of the unsecured debt is discharged including credit cards and personal loans. It lasts [...]