introduction to involuntary bankruptcy

Involuntary Bankruptcy

What is Bankruptcy? Bankruptcy is typically reserved for individuals and companies that are going through a financial hardship and are overwhelmed with the financial obligations currently on their plate. There are a few different routes that a debtor can take to achieve an approved bankruptcy petition. There is Chapter 7 bankruptcy, Chapter 13 bankruptcy, and […]
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the automatic stay stops creditors in their tracks

What is the Automatic Stay?

Introduction to the Automatic Stay After a bankruptcy proceeding takes place, the debtor’s debts will be discharged and the debtor will no longer be financially liable for these debts. Granted, this will vary depending on the type of bankruptcy filed and the types of debts that the debtor has but overall the end result will […]
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