Chapter 13 Bankruptcy
Types of bankruptcy – Chapter 7 and 13 Bankruptcy
There are two types of common bankruptcies filed by individuals or petty businessmen. Chapter 7 and 13 Bankruptcy is meant for those people who are trapped in debts but want to start a new life with a clean slate.
You Can File for Bankruptcy Chapter 13 With a Regular Income
The US Congress passed a law that established a set of uniform laws to govern how bankruptcy was handled. These laws were placed under a system called the bankruptcy code. In this code there are chapters that pertain to various issues in bankruptcy.
Business Bankruptcy - Business Bankruptcy; Is the Best Option Chapter 11 or Chapter 13
The decision to try to seek protection from business debts by filing a business bankruptcy is best made with the advice of a business debt management consultant. A business bankruptcy may not offer the business debt protection that the business really requires.
The New Bankruptcy Means Test Explained in Plain English
Discusses the "means test" as it will be applied under the new bankruptcy law, and why more people will be forced into Chapter 13 versus Chapter 7. Explains in simple language how the calculations will work, with examples for illustration.
The decision to try to seek protection from business debts by filing a business bankruptcy is best made with the advice of a business debt management consultant. A business bankruptcy may not offer the business debt protection that the business really requires.
The New Bankruptcy Means Test Explained in Plain English
Discusses the "means test" as it will be applied under the new bankruptcy law, and why more people will be forced into Chapter 13 versus Chapter 7. Explains in simple language how the calculations will work, with examples for illustration.