It is legal to file your own petition for bankruptcy but it is advised to be careful. There have been changes made to the Bankruptcy Laws in 2005. The first step in filing Bankruptcy is choosing which Chapter of Bankruptcy you are going to file. It is advised that you seek the help from a [...]
There are two types of bankruptcy an individual can file for usually. Chapter 7 and Chapter 13. Occasionally, under specific guidelines an individual may also file for a Chapter 12 Bankruptcy. This however has very strict guidelines and will not work for a number of people. In general terms the differences are in a Chapter [...]
When talking about bankruptcy in a business it is important to understand that many businesses use filing bankruptcy as a stall tactics against their creditors. Without such a system the businesses would not be able to survive and filing Bankruptcy Proceedings buys that business a bit more time to stay open and try longer to [...]
Filing bankruptcy has a direct impact on the ability to get a new bank checking account for several years after the time you file. It is vitally important that you keep track of all accounts you hold and to keep them current. Once you file bankruptcy there are options available for those of you that [...]