Bankruptcy is a legal proceeding in which an individual who cannot pay his or her bills can get a fresh financial start. The right to file for bankruptcy is provided by federal law, and all bankruptcy cases are handled in federal court.
Filing for Bankruptcy: What to Know 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. approved credit counselors and Debtor Educators
Filing for Bankruptcy: What to Know 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. Approved Credit Counselors and Debtor Educators
To file for bankruptcy, or not to file for bankruptcy. That may be the question you find yourself asking if you're staring down a case of.
Florida’s 4th DCA Reverses Course – Community Associations Can Pursue Lien Foreclosure Despite Pending Mortgage Foreclosure – Arias Bosinger Knightsbridge Village Homeowners Association, Inc., 2016 WL 320601 (Fla. 4th DCA Jan. 27, 2016) wherein Florida’s Fourth District Court of Appeal held the filing of a notice of lis pendens by a first mortgage holder constitutes a bar to a community association’s foreclosure action that is based upon a claim of lien filed after the mortgagee’s notice of lis pendens. Upon a rehearing of the arguments, the Fourth District Court of Appeal set aside its previous ruling.
There are three types of bankruptcy that a business may file for depending on its structure. Sole proprietorships are legal extensions of the owner. The owner is responsible for all assets and liabilities of the firm. A sole proprietorship can take bankruptcy by filing for Chapter 7, Chapter 11, or Chapter 13.
PHILADELPHIA – Nearly 180 Forever 21 locations are closing as the teenage clothing store announced it is filing for Chapter.
California utility company PG&E Corp is exploring filing some or all of its business for bankruptcy protection as it faces billions of dollars in.
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For many individuals, filing for bankruptcy relief can provide a way out of debt and a fresh financial start. Decide If Bankruptcy Is Right for You Is bankruptcy a good idea or not? Here are some things to consider.
Filing your petition (the main bankruptcy form, schedules, and other forms) officially starts your case. Most people file all the forms at once, but if you’re pressed for time, you can opt for an emergency filing by completing a few required forms. You must file the remaining forms within 14 days. (To learn more, see Filing for Bankruptcy.)