The Bankruptcy Court is a part pf the federal court system. TheBankruptcy issues are heard by the 94 Districts within the Federal Courts. They do have their own Clerk Of Courts. A bankryptcy court needs to follow the Federal rules but may be governed under local rule. The courts appoint a trustee to oversee the [...]
Each year thousands of individuals and businesses file for bankruptcy. Their personal belongings can be auctioned to help meet their debts to creditors. When the belongings are sold they are done by the government appointed trustee at an auction. Become familiar with the different types of furniture and their values prior to attending or purchasing [...]
Bankruptcies in the United States are ever rising. It seems as though people are not paying close enough attention to their finances until it is too late. The best way to recover once you find you have declared bankruptcy is to protect whatever credit you are left with intact. Make all payments as promised and [...]
In general there are six laws of bankruptcy. These are: Chapter 7,9,11,12,13 and 15. These laws are set up to protect creditors and debtors. There are the different laws because there are different situations which cause one to file bankruptcy. Some of these are for personal bankruptcy, Capters 7 and 11, while some are just [...]