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- Bankruptcy
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- Personal
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How Personal Bankruptcies Work and What Happens After Filing
After filing for a personal bankruptcy, you’ll be granted the protection of automatic stay. From there, the court will assign your case a trustee schedule a Meeting of Creditors, providing your creditors notice of the bankruptcy filing.
How Does Business Bankruptcy Work?
There are three main types of bankruptcies and they have different effects on businesses and their owners. Whether you’re looking at Chapter 7, 11, or 13, you’ll want to consult a professional bankruptcy attorney to learn more about which option is best for you.
What Happens When A Homeowners’ Association (HOA) Goes Bankrupt?
Although rare, HOAs can go bankrupt. Typically, failing HOAs will file for Chapter 11 bankruptcy in an attempt to restructure their debts and reorganize. Members of the HOA can be involved in this process, depending on the specific situation.
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 looking to liquidate and consolidate assets in a more efficient fashion. However, it’s important to understand the entire process to see if the conversion is even possible.
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.
What Happens to Child Support Debt in Personal Bankruptcy?
Child support debt cannot be discharged in either personal bankruptcy filing. In some cases, it may be able to shift resources from one debt to another, but it’s important to note there are no options to discharge or liquidate the debt.
