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chapter 11
You may run an incorporated, or, unincorporated, small business. A corporation that wants to keep operating has to file for Chapter 11 to get bankruptcy relief. Individuals may file also;Â you do not have to be a corporation to file for Chapter 11. You may own and rent a bunch of houses, operate a store, [...]
How much will it cost me should not be the first question asked when a debtor calls a bankruptcy attorney. Costs can vary by state and by the difficulty of a bankruptcy case. Attorney fees are a necessary expense in bankruptcy, along with the filing fee, credit counseling class.
To get your Chapter 13 bankruptcy confirmed (approved) you’ll need to show that you’ve proposed a “feasible” plan. If you haven’t, your plan can’t be confirmed, and your case must be dismissed. Chapter 13, unlike Chapter 7 (straight bankruptcy), is all about your plan. You submit a plan, and the plan must do certain things. [...]
Bankruptcy – it’s easy, right? Â Anyone can do it, right? Â Read on. So, intrepid readers, we are still learning how to file for bankruptcy. We’ve gotten just part way through the second page in this, our third installment. Â After you read this third installment, you’ll almost be done with page 2 of your bankruptcy papers. [...]
Bankruptcy filings–especially big ones–are often like dominoes. Let’s say a large commercial project, like a shopping center, falls on hard times, and the developer files for bankruptcy. Even if the bankruptcy is a Chapter 11 reorganization, which means that the company may continue to operate, and even continue to develop the shopping center, the contractors [...]
