Author name: robertadamslaw

What Is The 341 Meeting Of Creditors In Chapter 7 Bankruptcy?

In a Chapter 7, the trustee has a meeting. They go through the  bankruptcy. In most cases, it is perfunctory and well prepared. Although  creditors can appear, I cannot remember the last time a creditor  appeared at a meeting. The trustee is looking to see if you are hiding  assets, but this very seldom happens. […]

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341 Chapter 7 Creditors Video

Reorganizing An Individual’s Business Under Chapter 13

An individual business can reorganize through a Chapter 13. The one  limitation is that secured debts must be under $1,184,200 and unsecured  debts must be under $394,725. If the debts exceed these amounts the  individual will have to file a Chapter 11 to reorganize the business. The benefits of a Small Business Chapter 13 The

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Chapter 13 Video

How Can Someone Save Their Home With Chapter 13 Bankruptcy?

In essence, Chapter 13 bankruptcy is a repayment plan. There are many  reasons why you may choose to file for Chapter 13 bankruptcy, as well  as many benefits associated with doing so. This section is concerned  with one of those benefits: the opportunity to save your home. For  homeowners who have defaulted on their mortgage

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Chapter 13 Home Homeowner Video

Confirmation Of The Chapter 11 Plan and It’s Effect

The Chapter 11 plan must comply with all the provisions of bankruptcy code The Chapter 11 plan was filed in good faith and all relevant information has been fully disclosed Payments  to made unsecured creditors after confirmation will equal or exceed the  amount such creditors would receive in a hypothetical Chapter 7  liquidation (a best

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Chapter 11 Video

Payday Loans

You probably had little choice when you took out a payday loan. You  have bills to pay. Your family needs to eat. You probably knew that the  interest rate was very high, but again you didn’t have a lot of options.  Now the amount you owe has mushroomed, maybe double or triple of what  you

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Loans Payday Video

How Can Individually Owned Businesses File for Bankruptcy?

CHAPTER 7 When  a sole proprietorship simply cannot continue to pay his/her debts a  Chapter 7 may be the best option. A sole proprietorship can include a  married couple owning the business together. It must be remembered that  when a sole proprietor files a Chapter 7 the person is filing the case.  So the filing

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Businesses Video

Income Tax Debts

Do your debts include IRS back taxes? If you do nothing, the interest  and penalties will continue to pile up. The IRS may even file liens  against your assets or prosecute you for tax evasion. Contrary  to what most people think, some federal income tax arrears can be  discharged in a Chapter 7 or Chapter

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Income Tax Video
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