The Record: Bankruptcies, May 12
… are not always filed with initial petition); Chapter 12, plan permitting farmers and ranchers to reorganize their financial affairs under court supervision (asset and liability schedules are not always filed with initial petition); Chapter 13 …
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Bankruptcy filings drop more than 18% in May
Chapter 13 filers do not liquidate but make plans to pay creditors some or all of what they are owed in up to 60 monthly installments. Chapter 11 petitioners are usually businesses asking for court protection while they reorganize. They also make plans …
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Editorial: Don't let homeowners play games with bankruptcy
A federal judge in Tampa reversed confirmation of a Gibsonton woman's Chapter 13 bankruptcy plan after she refused to honor an agreement to surrender her home and fought to keep it in state court. The woman has not made a mortgage payment since …