What is Bankruptcy Protection?

Answer You may be able to get protection from your creditors, lenders, and debt collectors when you file for bankruptcy, through the automatic stay process.FeaturesWhen you file for bankruptcy, the court ... Read More »

Top Q&A For: What is Bankruptcy Protection

What is bankruptcy protection in Canada?

The Canadian government allows residents overburdened by consumer debt to petition for legal debt forgiveness through bankruptcy. However, this decision has several financial implications; also, ba... Read More »

What are the pros and cons of a condominium association filing for chapter 11 bankruptcy protection?

From the association's viewpoint, a positive aspect is that this filing presents a position to all creditors that the association is working through its cash flow/ debt issues, so that payments can... Read More »

How to Enter Chapter 7 Bankruptcy Protection?

Individuals experiencing personal financial problems have several viable options available to them. One such option is bankruptcy. Entering into bankruptcy provides the individual with legal protec... Read More »

How to Define "Chapter 11 Bankruptcy Protection"?

Chapter 11 bankruptcy protection is the term commonly used for reorganizations under Chapter 11 of the United States Bankruptcy Code. Businesses and individuals may file Chapter 11 bankruptcy, alth... Read More »