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 […]
Reorganizing An Individual’s Business Under Chapter 13 Read Post »
Chapter 13 VideoIn 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
How Can Someone Save Their Home With Chapter 13 Bankruptcy? Read Post »
Chapter 13 Home Homeowner VideoFiling a Chapter 13 is a voluntary decision. There are various reasons you might want to convert if it is not working, or you have a car that you are trying to save, which is a piece of junk now, or the housing situation is just not working out. You have a real estate tab,
Can Someone Convert A Chapter 13 To A Chapter 7 Bankruptcy? Read Post »
Chapter 13 Chapter 7 VideoFor reorganizations there are 2 main Chapters available: Chapter 13 and Chapter 11. Only an individual may file a Chapter 13. High amounts of debt can push an individual into Chapter 11. Corporations and partnerships must file Chapter 11, although there is a provision for a small business Chapter 11 with slightly different procedures from
What Is Reorganization Under The Bankruptcy Code? Read Post »
Chapter 13 Reorganization VideoA chapter 13 is a form of a repayment plan. Certain debts have to be paid 100%. Other debts like credit cards can generally be repaid at a fraction of the amount due, such as maybe just 10%. WHAT ARE THE REQUIREMENTS TO FILE FOR A CHAPTER 13 BANKRUPTCY? In addition to the requirements for
What Is A Chapter 13 Bankruptcy? Read Post »
Bankruptcy Chapter 13 VideoCAN I FILE A NEW BANKRUTCY? CHAPTER 7 OR CHAPTER 13? This is a general outline provided by ROBERT J. ADAMS & ASSOCIATES. Offices in Chicago and Waukegan, Illinois The primary practice of ROBERT J. ADAMS & ASSOICATES is Chapter 7 and Chapter 13 Bankruptcy. This article is only about timing: not whether you can
Can I File a New Bankrutcy? Chapter 7 or Chapter 13? Read Post »
Bankruptcy Chapter 13 Chapter 7 VideoThis is a general outline provided by ROBERT J. ADAMS & ASSOCIATES. Offices in Chicago and Waukegan, Illinois The primary practice of ROBERT J. ADAMS & ASSOCIATES is Chapter 7 and Chapter 13 Bankruptcy. There are reasons why you filed Chapter 13 instead of Chapter 7. Generally, it was to save something like a car
Can I Convert My Chapter 13 to Chapter 7? Read Post »
Chapter 13 Chapter 7 VideoMore Detail Pay Advises Social Security Driver’s License Debts Assets Tax Returns Credit Counseling (Cases Cannot Be Filed without A Credit Counseling Certificate)
What Documents and Information Do You Need to File Bankruptcy Read Post »
Bankruptcy Chapter 13 Chapter 7 Documents Video