discharged, but before they are, your creditors can liquidate your assets to recoup some of the lost debt. This process of liquidation may mean losing your home, your vehicle, personal property from jewelry to boats, and even your burial plot. In Chapter 7 bankruptcy, then, bankruptcy exemptions are especially important. In a Chapter thirteen, or […]
If you have determined you cannot take the collector calls and late notices any longer and you are going to file for private bankruptcy, your next huge call is whether or not you ought to rent a bankruptcy lawyer. It is an enormous risk to undertake to tackle your personal bankruptcy while not the help […]
Purposes of Federal Bankruptcy Laws Bankruptcy cases fall under the jurisdiction of the federal court system. Bankruptcy court litigation is handled just like it is in federal district court for civil proceedings. Counsels typically conduct discovery, pre-trial motions and proceedings, settlement discussions, mediation, and trials. Appeals are possible to the federal district court. Bankruptcy laws […]