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Learn bankruptcy basics, including when when to file bankruptcy and how to file bankruptcy. Find out if Chapter 7 bankruptcy or Chapter 13 bankruptcy is right for you. In addition to certain guarantees provided by law, LegalZoom guarantees your satisfaction with our services and support.
Even though you’re filing a bankruptcy case to get rid of overwhelming medical debt, you won’t be able to limit the case to just outstanding medical bills. The bankruptcy laws are designed to be as fair as possible to the debtor (the person who files the bankruptcy case) and to the creditors.
Just prior to PG&E’s bankruptcy filing earlier this year, the state of California ruled that PG&E equipment was not the cause.
About Bankruptcy Filing bankruptcy can help a person by discarding debt or making a plan to repay debts. A bankruptcy case normally begins when the debtor files a petition with the bankruptcy court. A petition may be filed by an individual, by spouses together, or by a corporation or other entity.
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Here's what you need to know to get started in filing for bankruptcy.
Chapter 7 bankruptcy can wipe out most of your debts. There is a "means test" for filing this type of bankruptcy. You must make less than a certain amount of money. Talk to a lawyer to see if you qualify for this type of bankruptcy. You cannot repeat this type of bankruptcy filing for 6 years.
This service is available only to individuals who have filed or are considering filing a chapter 7 or chapter 13 case and to an individual creditor in a bankruptcy case. The volunteer attorneys do not consult on Chapter 11 cases. To use this service, you must first watch bankruptcy education program videos and complete an online questionnaire.
The rules for discharging taxes are complicated; if you have tax liabilities you should consult with an attorney prior to filing bankruptcy. You may receive a.
It happens every tax season. With many more people suddenly able to pay a lawyer, the number of bankruptcy filings jumps way up in March,
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The numbers are skewed by the huge bankruptcy filing by PG&E, the massive california utility, which had $71 billion in assets.
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