How to file bankruptcy? The bankruptcy is an institution that finds its complete and meticulous discipline in the Royal Decree number 267 of 1942, better known as the Bankruptcy Law. You may click this site for more information. The first article of the bankruptcy law identifies the subjective assumptions: who can fail. Commercial entrepreneurs are subject to […]
When people talk about filing for bankruptcy, they are usually referring to Chapter 7 bankruptcy, which allows you to discharge, or eliminate, most of the debts you have. In many cases, filing for bankruptcy under Chapter 7 is the quickest and easiest way for a person who owes a lot of debt to have a […]
Whether you want to start Chapter 7, Chapter 13, Chapter 11 bankruptcy or any other way, you must know all the relevant rules and regulations. It is extremely important to fulfill them; otherwise, your request will be rejected. Even when you prosper, you must know what is required later to clean up your financial situation […]
Bankruptcy is the process by which a person legally declaring himself or herself incapable of paying outstanding debts. Depending on the type of bankruptcy filing filed, one meets with a judge to determine a payment plan, or has a legal bankruptcy discharge most, if not all, debt. Companies can also declare bankruptcy, which means either […]