Before filing for bankruptcy, you need to gather several documents for your attorney. This bankruptcy checklist provides an overview of the type of required information. Note that you do not need to bring the following documents to the free initial consultation. Proof of Income We need proof of your income record for the last 6…
California’s New Homestead Exemption Limit Allows More People to Keep Their Homes in Chapter 7 Bankruptcy. A Chapter 7 is for consumers with limited assets or certain businesses that wish to liquidate or dissolve their operations. This chapter has a qualifying criteria for individuals (household income), and most debts are wiped out entirely. A Chapter…
California’s new homestead exemption limit allows more people to keep their homes in Chapter 7 Bankruptcy . A Chapter 7 is for consumers with limited assets or certain businesses that wish to liquidate or dissolve their operations. This chapter has a qualifying criteria for individuals (household income) and most debts are wiped out entirely. A…
Bankruptcy may help in keeping the business running and may provide for your debts to be repaid in a manner within your business income. Chapter 11 bankruptcy is intended primarily for the reorganization of businesses with heavy debt burdens, most often associated with corporations but available to small businesses and individuals as well. Chapter 11…