Chapter 7 bankruptcy is designed to give consumer debtors fresh starts on financial freedom. This freedom is achieved through liquidating the debtor's assets and using the proceeds to pay off creditors. Though Chapter 7 bankruptcy can give debtors a way to get out...
Month: August 2014
What risks are associated with settlement for debt relief?
For New Yorkers and people all across the country, money troubles can develop in a number of ways. Unexpected unemployment can stop a person's income. Emergency medical procedures can create insurmountable bills. Failing to adequately plan for one's future can also...
Business sells off assets amidst filing for bankruptcy
Previous posts on this blog have discussed the differences between business bankruptcy and personal bankruptcy, as well as the differences between the various forms of bankruptcy available to individuals seeking out financial legal protections. While some types of...
Getting to the end of a consumer bankruptcy
Like other legal processes that seem to go on forever, a consumer bankruptcy matter can seem to sit in the courts for months. As a Rockland resident watches as his assets are sold or his debts are reorganized, he can find himself wondering when the headache will end...
