The both, chapter 7 and Chapter 13, are consumer bankruptcy filing. The ultimate goal of both Chapter 7 and Chapter 13 bankruptcy is a discharge of debts and allow debtor a fresh start. In a Chapter 7 bankruptcy, a trustee can take the non exempt property, sell it and distribute the proceeds to your creditors so that they are repaid to the extent possible. Only those who pass the income “means test” can file Chapter 7 bankruptcy. Assuming you pass the means test and include all your debts in your paperwork, your debts are likely to be discharged within 4-6 months.
Author: Ronald
Universities to Their Alumni Networks: Give Our Grads Jobs
Matthew Garza is graduating from Colby College this month. Like many members of the class of 2020, he doesn’t have a job lined up. But unlike many of his peers, he isn’t too worried. That’s because Colby, a private liberal-arts college in Waterville, Maine, has pledged to find a job, internship or fellowship for every senior within 90 days of graduation by asking alumni to hire them.
How can filing for bankruptcy help with creditors?
After you have prepared and filed your bankruptcy paperwork, the court clerk will notify all of your creditors of your bankruptcy filing and inform them that they may no longer contact you. The clerk’s notice will also include information about your meeting of creditors If your creditors continue to pursue you after receiving notice of your bankruptcy, they are subject to sanctions by the bankruptcy court.
Memorial Day sales 2020: The best deals on tech, furniture, home goods, apparel, Apple products
Even though non-essential businesses are closed due to the coronavirus pandemic, tons of online retailers are offering sales, especially for Memorial Day 2020. If you need your weekend shopping fix, we’ve got you covered. Here is a roundup of just some of the retailers currently holding online sales and deals this weekend for Memorial Day 2020.
Do I have to file for bankruptcy if I am in debt?
If you can pay your bills when they’re due, and you are not back of payments. It’s a good idea to continue with payment. Yes, bankruptcy filing is only for you if you are in debt. Further, your debts are significantly more than your assets and income, bankruptcy might be your best option.
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Woodfin talks priorities with Birmingham business community
Birmingham Mayor Randall Woodfin tonight marked the end of a year when he said the Magic City saw the largest amount of capital investment in the city’s history. At the same time, Woodfin told the Birmingham Business Alliance, during its annual chairman’s meeting at the Alys Stephens Center, that the city still needs a “sense of urgency” to combat the economic problems it still faces.
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Attorney firms in Maryland can now take advantage of remote bankruptcy paralegal services for Chapter 7, 11, and 13 petition preparation. Our paralegal’s have years of experience in petition preparation. Whether you are a solo or large attorney firms in Maryland, we provide comprehensive bankruptcy petition preparation support for Chapter 7, 11, and 13 petition prep ration. Our bankruptcy paralegal’s have years of experience in petition preparation.
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Ireland to appeal EU’s record $14 billion tax order on Apple
Ireland will appeal the European Union’s landmark order to collect a record 13 billion euros ($14 billion) in taxes from Apple, the Irish Department of Finance announced Monday. The Irish countermove comes nearly four months after EU competition authorities hit Apple with the back-tax bill based on its longtime reporting of European-wide profits through Ireland, which charges the American company only for sales on its own territory at Europe-low rates that in turn have been greatly reduced by the controversial use of shell companies at home and abroad.
Ronald Turner'S 