What is a chapter 7 bankruptcy? Chapter 7 bankruptcy is a liquidation of a business that is in financial distress. The business will be forced to cease business operations, and its assets will be sold off to pay creditors....
As the national emergency status draws to an end this weekend, many people are facing the effects of financial hardship. Many Americans are currently dealing with past due rent payments that they worry could result in their...
The CARES Act has provided protection against eviction and foreclosures during the turbulent times of the last year. The moratorium against evictions and foreclosures have begun to end across many states, and the federal...
The means test is a two-part calculation that determines whether a debtor is eligible to file a Chapter 7 bankruptcy or a Chapter 13. If the debtor is not eligible for a Chapter 7 the means test will calculate the disposable...
One of the biggest benefits of filing bankruptcy is the automatic stay that goes into effect as soon as the case is filed. It means that your creditors (those you owe a debt) are not allowed to keep asking you for money....
