What are the criteria for claiming Chapter 7 bankruptcy?

Answer Courts don't have requirements on the amount of debt that individuals or businesses must have to file for Chapter 7 bankruptcy. However, debtors must meet other criteria to be eligible for this typ... Read More »

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What is the Criteria for Claiming Chapter 7 Bankruptcy?

When the times get really tough and you are having trouble paying your bills, one last resort you have is filing for Chapter 7, but you will only be approved if you meet the criteria.

How soon after filing a chapter 7 bankruptcy can you file a chapter 13 bankruptcy?

The U.S. Bankruptcy Code allows debtors to file for bankruptcy multiple times, but has changed the number of years you must wait between filings. Previously, a debtor could file under either Chapt... Read More »

What is the difference between a Chapter 7 and a Chapter 13 bankruptcy?

Of the six types of bankruptcies authorized by the U.S. federal bankruptcy laws, two apply to individuals: Chapter 7 and Chapter 13. Chapter 7 involves complete liquidation of most personal assets ... Read More »

What is the difference between a Chapter 11& a Chapter 13 bankruptcy?

U.S. bankruptcy laws offer individuals and businesses the opportunity to work with their creditors to reduce or eliminate oppressive debts. Typically, businesses file Chapter 11, while individuals ... Read More »