If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!The bankruptcy procedure often starts with a debtor filing a bankruptcy petitiont hat is presented by the debtor or creditor.
A group of creditors can give a joint petition if the debt owed is huge. In filing the petition, the [...]
Are you overwhelmed by debt? Do you not answer the phone because of harassing phone calls night and day? Do your children need school supplies and new clothes, and you’re more concerned about feeding them? Will your utilities be shut off soon? Are you scared? Do you feel you haven’t [...]
If filing for bankruptcy is considered to be an opportunity for a debtor to end all his debts for good and start afresh; then opting for chapter 7 bankruptcy is an avenue to achieve the result faster. Filing under chapter 7 bankruptcy means that the government will auction out all non-exempt asset belonging to the [...]
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