Converting a Chapter 13 Bankruptcy to Chapter 7
Converting a Chapter 13 bankruptcy to a Chapter 7 proceeding may be the right option for those who have experienced a major change in their household or financial circumstances that may make completion of the Chapter 13 case difficult or impossible.
How Chapter 11’s Subchapter V Affects Commercial Bankruptcies
Subchapter V is a new addition to Chapter 11 of the bankruptcy code that helps expedite the overall bankruptcy process for certain small businesses. It can assist small businesses in a faster and more cost-effective reorganization.
What Happens to Employees When Their Employer Files for Bankruptcy
Understanding how bankruptcy will affect your employees is crucial as you consider filing. Employees are entitled to certain protections and compensation that will affect the overall value and cost-cutting of either Chapter 7 or Chapter 11.
Can You Get a Loan After a Bankruptcy?
Understanding how a bankruptcy can affect your ability to qualify for credit is vital. The proceeding remains on your credit report for seven to ten years and can dramatically affect your ability to qualify for credit cards and unsecured personal loans.