When it comes to filing for bankruptcy, there are two types that most people consider: Chapter 7 and Chapter 13. Both have their own unique benefits and drawbacks. Understanding the differences ...
Bankruptcy is a legal process that relieves individuals and businesses who cannot pay their debts. While bankruptcy can provide a fresh start, many worry about its impact on their credit score and ...
A federal tax lien is a legal claim by the United States government against a taxpayer's property because of unpaid federal taxes or other assumed debt. Federal tax liens are levied by the Internal ...
Chapter 11 Subchapter V is a relatively new type of bankruptcy created by the Small Business Reorganization Act of 2019 (SBRA). It is designed to make the Chapter 11 bankruptcy process more accessible ...
In the United States, Chapter 7 bankruptcy is a legal process where a debtor’s assets are liquidated to pay off their debt. A Chapter 7 bankruptcy trustee is a person appointed by the court to ...
Filing for bankruptcy can stop wage garnishment in most cases. When a person files for bankruptcy, an “automatic stay” goes into effect. The stay is a court order that immediately stops most ...
