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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.
What to Know About Subchapter V of the Bankruptcy Code
Subchapter V is an evolving portion of the bankruptcy code that helps expedite the process for small business. With the CARES Act coming up for renewal in March, it’s important to know how this code could come into play for certain-sized companies looking at a Chapter 11 filing.
How to Know if Chapter 13 Bankruptcy is Right For You
Chapter 13 Bankruptcy can be a viable solution for those looking to restructure personal debt while keeping their home, automobile or other important property. However, it’s important to consider the broader ramifications before filing the petition. Speaking with a qualified bankruptcy attorney can help you make the right decision.
Student Loans Before, During and After Bankruptcy
Student loan balances are a growing problem and forcing many to turn to personal bankruptcy as an option. However, it’s important to understand that in most cases, student loan balances will not be forgiven in bankruptcy.
What Happens To Credit Cards in Chapter 13 Bankruptcy
Chapter 13 bankruptcy is often a route for those who find themselves buried under credit card debt. Since credit cards are often a low priority on the repayment schedule, much of this debt can be discharged. However, if credit card debt is your primary debt, it may require partial repayment.
How to Rebuild Credit After Chapter 13 Discharge
Rebuilding credit after a Chapter 13 bankruptcy isn’t impossible, but it is difficult. You’re going to want to understand all of the tenets that go into a credit rebuild before formalizing your own filing. A qualified bankruptcy attorney can help.
