Chapter 7 Bankruptcy
What Happens If You File Bankruptcy?
Many of our clients ask us what happens if you file bankruptcy? This is a very important question, and several significant Bankruptcy Code provisions are triggered when filing bankruptcy. Learn more about the automatic stay, bankruptcy estate and the bankruptcy trustee.
Full StoryThe 341 Meeting of Creditors
In every bankruptcy chapter, the person or authorized representative of a business must attend a 341 meeting of creditors that is required under 11 U.S.C. § 341(a). The 341 meeting is not a test. It is an opportunity for the case trustee to do their job and determine if there are any assets to distribute to creditors.
Full StoryStatement of Intention in Chapter 7 Bankruptcy
The Statement of Intention for Individuals filing Under Chapter 7 lets the court, the chapter 7 trustee, and your creditors know how you wish to handle secured debts and leases.
Full StoryChapter 7 Bankruptcy: How It Can Help You
Chapter 7 bankruptcy can be a very useful tool to allow you to have a financial restart or fresh start, and this article explains the benefits of how chapter 7 bankruptcy can help you.
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