When does the automatic stay go into effect?

Bankruptcy can be a useful process for individuals that are suffering through tough financial times. These individuals may be unsure of how their future will work out if their finances are not in order. This can create some stressful times. It may even be more stressful for individuals that have a family to provide for. […]

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What is the meeting of creditors?

During bankruptcy proceedings, there are a few steps that need to be completed. Whether you are a business owner or an individual claiming bankruptcy, you may have to attend a meeting of creditors. At this meeting, your creditors that you owe money to will attend. They will be waiting to hear what your reorganization plan […]

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What options do I have to claim individual bankruptcy?

When individuals need help with their finances, they may be able to get help through bankruptcy proceedings. Through these processes, they can work toward building a more stable financial future. Bankruptcy proceedings should not always be avoided. They can be beneficial for individuals that are suffering due to tough financial circumstances. People can use the […]

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How do I file for a business bankruptcy?

As a business owner, you do not want to see your business go down. Bankruptcy can be a hard decision to make. However, it can be the right decision. If your business is struggling, you should consider Chapter 11 bankruptcy. This can allow your business to continue your day to day operations. With your business […]

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How are Chapter 7 and 13 bankruptcy similar?

Individual bankruptcy processes can be used to help people fix their finances. Chapter 7 and Chapter 13 bankruptcy can improve their situations. Both processes are better suited to help an individual in need of financial help, rather than helping a business to fix their debt. After the paperwork is filed for both processes, an automatic […]

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