Because S corporations are typically small businesses — many with just one owner — it is tempting to try and protect assets and people who may have loaned you money. Bankruptcy mandates fair.
Bankruptcy Basics: How to File for Chapter 7 or 13 Bankruptcy. It's a tool to resolve overwhelming debt under the protection of a federal court.
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Windstream Holdings’ bankruptcy filing on Monday. counsel "to help protect the interests of our members and retirees." Retirees, of which there are many locally who worked either for Windstream or.
If you file for Chapter 7 bankruptcy, you will get to keep your car because the exemption will protect the equity fully. In the same example, if your car is worth $15,000, the bankruptcy trustee will likely sell your car, pay you $5,000 for the exemption, and pay the rest to your unsecured creditors.
Small businesses can fail for a variety of reasons, and many of these failing businesses find themselves faced with deciding if they should file for bankruptcy protection.Bankruptcy is a process you go through in federal court and is designed to help your business eliminate or repay its debt under the guidance and protection of the bankruptcy court.
You can see for yourself what is going on with a bankruptcy filing, bypassing the need for an attorney. This is a major warning sign," he adds. Protect yourself contractually; meaning, draw up.
Worried about losing your house if you file bankruptcy? Don't worry! We can help you protect your most important assets. Call 888-843-5787 today.
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If you plan to file for bankruptcy protection, you must get credit counseling from a government-approved organization within 180 days before you file. You also have to complete a debtor education course before your debts can be discharged.
You can file for Bankruptcy without a layer. If you have an open and shut case, then saving Attorney’s fee by representing your case on your own might be the right thing But if you have valuable.
Against this backdrop, it’s unfortunate that bankruptcy hits responsible persons the hardest because they likely have the most to lose. If you are filing this year, then you may have a great deal you wish to protect. I thought I’d share some tips from a recent article onSmartMoney about what you can protect.
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