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Bankruptcy Chapter 13 FAQ

Bankruptcy Chapter 13 FAQ

Chapter 13 bankruptcy laws and procedures are set out in the United States Bankruptcy Code. A debtor who has a regular income can keep his house and other property and pay his debts to creditors pursuant to a repayment plan approved by the court. A person filing for Chapter 13 bankruptcy should seek......[Read More]
How to Prepare a Final K-1 for an S Corp

How to Prepare a Final K-1 for an S Corp

An S corporation must file Schedule K-1 on behalf of each of its shareholders and file the form with the IRS. Although there are several different versions of Schedule K-1, the version that you will need is a part of Form 1120S, the S corporation informational income tax return. Although S corporati......[Read More]
How to File Chapter 7 in Arizona

How to File Chapter 7 in Arizona

Filing for Chapter 7 bankruptcy in Arizona will erase all your debts, with the exception of alimony, child support, student loans, fines and back taxes. You should evaluate all your options before filing for Chapter 7 bankruptcy in Arizona, as it can greatly impact your credit. In addition, you must......[Read More]
Creating The Chapter 13 Bankruptcy Payment Plan

Creating The Chapter 13 Bankruptcy Payment Plan

Judicious consideration must go into composing the payment plan to guarantee the debtor can adjust to the stern monthly payments. Typically, the payment plan will force the debtor to become adjusted t......[Read More]
When To Choose Chapter 13 Bankruptcy

When To Choose Chapter 13 Bankruptcy

Bankruptcy is one option that can provide people experiencing financial hardships a way to get relief from their debts while protecting their home and property. But which type of bankruptcy is best fo......[Read More]
Laws for Ivory Elephant Tusks

Laws for Ivory Elephant Tusks

Laws protect elephants from being hunted for their tusks.asian elephants image by Wimbledon from Fotolia.comElephants have been hunted for both sport and their tusks for hundreds of years. Although ivory in tusks can be found in a variety of animals, elephant ivory is the most prized..........[Read More]
What Happens When a Corporation Files Bankruptcy?

What Happens When a Corporation Files Bankruptcy?

Generally, there are two different processes by which a corporation can file for bankruptcy protection under federal law in the United States. Chapter 7 provides for the total liquidation of a company's assets, while Chapter 11 can allow a business entity to survive and reorganize under a new busine......[Read More]
Can I Inherit Money During Filing Bankruptcy?

Can I Inherit Money During Filing Bankruptcy?

For most people, receiving an inheritance is a good thing. However, an inheritance can be a problem if you are in the middle of filing for bankruptcy to discharge unpaid debt. If you receive an inheritance while filing for bankruptcy, it will affect the proceedings differently based on the type of c......[Read More]
Chapter 7 Bankruptcy Lawyer - Ways in Which an Attorney Can Assist You

Chapter 7 Bankruptcy Lawyer - Ways in Which an Attorney Can Assist You

A lot of the time, you will find access to pro bono or strictly free information services that can help guide you through the process. Many times this is access to online sites or numerous documents that provide assistance in learning the ins and outs of credit correction. This means that your Chapt......[Read More]
How to Amend a Bankruptcy Complaint

How to Amend a Bankruptcy Complaint

Forgetting to include information in your bankruptcy when you file your papers with the court is not the end of the world. As long as you file your amendment before the trustee discharges the case, you can amend your filing to include the additional information. An omitted creditor does not have to ......[Read More]
Does Filing Bankruptcy Affect Back Rent?

Does Filing Bankruptcy Affect Back Rent?

Filing bankruptcy causes all debt collection to cease and desist, with a few exceptions such as child support or alimony. For a tenant who owes back rent and files bankruptcy, the landlord must immediately stop trying to collect. Filing bankruptcy against back rent may provide a few days' stay of ev......[Read More]
Experienced Bankruptcy Lawyers Are Available In Michigan

Experienced Bankruptcy Lawyers Are Available In Michigan

It also eliminates debts on mortgages for houses one does not want to keep. With Chapter 13 bankruptcy one has an option to repay some or all of their debts in a period of 36 to 60 months.......[Read More]
Good Reasons To Require A Bankruptcy Legal Practitioner?

Good Reasons To Require A Bankruptcy Legal Practitioner?

Bankruptcy can be defined as a life threatening condition in which in turn somebody no more props up capability to spend his / her debts, or even the moment when the amount you borrow simply becomes g......[Read More]
Writ & Bankruptcy Notice

Writ & Bankruptcy Notice

A writ is something used with bankruptcy notices. A writ, also called a writ of execution, orders that a sheriff seize certain property of a person who has filed bankruptcy.......[Read More]
How to Apply for Private Club Charters in Connecticut

How to Apply for Private Club Charters in Connecticut

Old private clubs with prestigious and elite reputations often refer to their club charters as a founding document that characterizes them. Today, Connecticut refers to the documents used to create and found clubs as articles of incorporation for non-stock corporations. While the term charter may be......[Read More]
What Forms Do I Need to File Chapter 7 in California?

What Forms Do I Need to File Chapter 7 in California?

California uses the bankruptcy forms provided by the U.S. Courts. These can be downloaded online (see Resources and References sections below) or filed electronically by a bankruptcy attorney. There are four bankruptcy districts in California: Northern, Southern, Eastern and Central. Not only must y......[Read More]
Rights of a Bankrupt Company

Rights of a Bankrupt Company

Federal law governs bankruptcy, the legal process of eliminating or repaying debts. Under the two types of bankruptcy for businesses, Chapter 7 and Chapter 11, businesses have different rights and obligations.......[Read More]
How to File Bankruptcy for Subchapter S Corporations

How to File Bankruptcy for Subchapter S Corporations

The standard procedures for filing a bankruptcy petition are the same for S corporations as for other corporations. However, since S corporations are exempt from most federal taxes, S corporation assets (including cash) that have been transferred to shareholders can be treated as corporate assets fo......[Read More]
How to Get Free Bankruptcy Legal Advice?

How to Get Free Bankruptcy Legal Advice?

There are many people all around United States who cannot afford to pay a Bankruptcy lawyer or attorney for getting legal advice. Legal Aid program is designed to make sure that people who do not have......[Read More]