You might feel better informed and more comfortable around bankruptcy if you knew just a little bit about the federal Bankruptcy Code. Empowered by the U.S. Constitution The United States Constitution gives Congress the power “to establish... uniform laws on the subject of ... Read More »
Effect of Divorce on Filing Bankruptcy Again
The timing rules don’t change if you filed bankruptcy before your divorce and now need a new one. But there ARE some important twists. Divorce is often financially devastating. So, even if you and your ex-spouse filed bankruptcy earlier, before the divorce, you may need to seriously consider ... Read More »
The Chapters of Bankruptcy
The bankruptcy options are contained in Chapters 7, 9, 11, 12, and 13 of the U.S. Bankruptcy Code. Bankruptcy Law, Organized All of the “general and permanent laws of the United States” are contained in the United States Code. The U.S. Code is divided by subject matter into 53 ... Read More »
Making Sense of Bankruptcy: The Most Basic Information
Bankruptcy empowers you with options, including “straight bankruptcy vs. an “adjustment of debts,” and options about creditors in each. This is the sentence we're focusing on today: Bankruptcy is a Constitutionally and legally valid option for addressing your debts in an ... Read More »
Making Sense of Bankruptcy: Can Filing a Chapter 11 Reorganization Save Your Business?
Chapter 11 is a powerful way to address a business debt crisis, but because of its detriments must be used extremely selectively. Here’s the sentence that we’re explaining today: Chapter 11—unlike Chapter 7 and 13—is primarily designed for businesses, almost any ... Read More »
