Experts Say Bankruptcy Can Save Your Business
Chapter 11 and Chapter 13 – “When you can't pay the lender back in cash, these types of bankruptcies are shields against the lender taking your stuff. It allows you some breathing room to figure out how to pay the debt back as well as come up with a …
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Bankruptcies between July 30 and Aug. 5
Individuals can file Chapter 7 petitions (asking that debts be liquidated); Chapter 12 (a simplified reorganization method for farmers and ranchers whose gross debt does not exceed $ 1.5 million); and Chapter 13 (a plan to repay some debts in three to …
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Can bankruptcy stop a foreclosure?
The U.S. Courts' publication Bankruptcy Basics refers to a Chapter 13 bankruptcy as “an adjustment of debts of an individual with regular income” where the debtor works with the bankruptcy court to develop a repayment plan for the debtor to follow over …
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