Listing your debt is an essential part of filing for bankruptcy. And it’s equally important to know when a bankruptcy claim is contingent, unliquidated, or disputed. Here’s why. While bankruptcy claims, in most cases, are very straightforward, figuring out the amount you owe to a creditor can sometimes be challenging. The claim could depend on …
When is a Bankruptcy Claim Contingent, Unliquidated, or Disputed? Read More »
Whether you apply for Bankruptcy Chapter 7 or Chapter 13, you will eventually deal with the issue of non-exempt property. Understanding what property is exempt and what property is not exempt can affect your bankruptcy case. Don’t be left wondering about this vital aspect of the bankruptcy filing. Keep reading for an introduction to non-exempt …
Crucial Info About Nonexempt Property in Bankruptcy Read More »
When someone goes to a bankruptcy law firm and asks for advice, it is often quite surprising to hear them say, “I’m not sure which Chapter I qualify for?” or “Will my debts be wiped out?” or “Do I have to disclose assets?”. In response to these often asked questions, this article will discuss the …
So you want to file bankruptcy, but you aren’t sure if Chapter 7 or 13 is right for you? It is not unusual for people with debt problems to wonder which kind of bankruptcy case they should file, either Chapter 7 or Chapter 13. The truth is that there are many factors involved in answering …
Declaring Bankruptcy in Rome, GA There are different types of bankruptcy, each with a set of advantages and disadvantages. A Chapter 7 liquidation, for example, is generally ideal for those dealing with credit card bills, medical bills, and personal loans. A Chapter 13 reorganization, on the other hand, is often apt for those with assets …