In all forms of bankruptcy, a bankruptcy trustee typically oversees the bankruptcy filing. Below we discuss what a bankruptcy trustee oversees specifically in a Chapter 13 bankruptcy filing.
How a personal bankruptcy will affect an ownership interest in a small business is dependent on the type of business as well as what form of bankruptcy (Chapter 7 or Chapter 13) is filed.
Bankruptcy is a great way to discharge debt so that you can move forward with a clean financial slate. It’s proven to be an effective tool for both consumers and businesses, but it’s important to know that bankruptcy is not the same for consumers and business.
Bankruptcy happens all around the world, but interestingly enough, it takes different forms. Below we compare and discuss the bankruptcy processes of Australia, the UK, and the US.
There are many reasons for why people lose their homes to foreclosure: loss of income due to job loss or illness, or financial downturn.
If you’re facing large amounts of debt, and are considering bankruptcy, you’ll want to have an understanding of the types of bankruptcy available to you.