PUBLIC MARKS from massivacom with tag bankruptcy

You have the right to file your own bankruptcy case and to represent yourself at all court hearings. In any bankruptcy case, however, you must complete and file with a bankruptcy court several detailed forms concerning your property, debts, and financial condition.

The answer to this depends on your financial situation. Each form of Bankruptcy, Chapter 7 and Chapter 13, has its pros and cons. If you have really serious financial problems, no doubt you will prefer a straight Chapter 7 proceeding, if you′re able to obtain one

Chapter 13 Bankruptcy In a Chapter 13 bankruptcy, a debtor with a regular income proposes to a bankruptcy court a plan for extinguishing his or her debts from future earnings or other property over a period of time. In such a bankruptcy, the debtor normally keeps all or most of the property

It’s the truth. Everyone loves a bargain. Likewise, nobody likes to find out they’ve paid too much. It’s true when you’re buying, and it’s true when you’re borrowing. Who doesn’t want the best interest rate possible?

Chapter 7 is a liquidation form of bankruptcy. In a Chapter 7 bankruptcy, a debtor is required to draw up a petition listing his or her assets and liabilities. The debtor submits the petition to a U.S. district court and pays a filing fee.

On average, 1.4 million people claim bankruptcy every year. Declaring bankruptcy is a fact of life for many Americans. In fact, an increasing number of bankruptcy filers are well-educated, middle-class baby boomers with an overwhelming level of credit card debt. However, bankruptcy is not limited to this class. It can become an option for anyone who has reached a point where they can no longer support the debts they have incurred