How To Keep Your Home Through a Bankruptcy

Wooden gavel placed atop an open book | Real Estate Attorney | Natural State Law, PLLC

There are ways to keep your home through a bankruptcy, but they need to be done within the guidance of a qualified bankruptcy attorney. There are routes for home protection through Chapter 7 or Chapter 13, but both need to be done with great care. 

What Happens When a Business Files for Chapter 11 Bankruptcy?

Gavel on a Chapter 11 Bankruptcy form | Bankruptcy Attorney | Natural State Law, PLLC

Although Chapter 11 bankruptcy offers significant protections for struggling businesses, the resulting reorganization may not be worth the time, effort and money involved. It’s important to understand what actually happens through the filing to make sure it’s right for you and your business. 

What Happens After Filing for Personal Bankruptcy?

Person signing document with another holding a book | Bankruptcy Lawyer | Natural State Law, PLLC

After filing for personal bankruptcy, you’ll be granted the protection of the automatic stay. From there, the court will assign your case a trustee and that person will organize a Meeting of Creditors to alert them of your filing.