Personal Bankruptcy

A nominal defendant is a defendant involved in a lawsuit because of a technical connection to a bankruptcy. A nominal defendant has no fault or rights to recovery in a lawsuit.

The impact of a personal or consumer bankruptcy on your small business depends entirely on how your enterprise legally is organized, according to "The Glannon Guide to Bankruptcy" by Nathalie Martin.

There are several steps an individual must take to file for bankruptcy in the state of Florida. Whether filing for Chapter 13 (organized repayment) or Chapter 7 (total liquidation), there is a process…

Owners of corporations must follow formal requirements for operating a corporation in order to take advantage of corporate status. Failure to do so may lead to a court determining that your…

Personal bankruptcy filings can take the form of either Chapter 7 or Chapter 13 bankruptcy. Most debtors would like to file for Chapter 7 bankruptcy, but as a result of numerous debtors using Chapter…

Individual debtors filing for bankruptcy must do so according to the federal bankruptcy laws. The bankruptcy code covers most aspects of the bankruptcy process. Debtors must defer to state laws on a…

In Chapter 7 and Chapter 13 bankruptcy, filers must list and value the assets they own. In Chapter 7, the court may take non-protected assets and sell them to pay creditors. In Chapter 13, a filer can…

Personal bankruptcy will resolve your personal debts, such as your credit cards, medical bills, personal loans, auto loans and home mortgage. LLC bankruptcy, on the other hand, will resolve the LLC's…

A debtor or business seeking relief from bankruptcy in Illinois should understand the complex process of filing with the bankruptcy court. Getting advice from an attorney is recommended to protect the…

When an Indiana debtor finds himself dodging calls from bill collectors, he may need to change his strategy. Instead of overlooking his debt because he has no way to pay it off, he should consider…

The U.S. Bankruptcy Code establishes two types of personal bankruptcy cases. Both types of bankruptcies commence when a consumer files a petition in the bankruptcy court in her jurisdiction of…

There are several different types of bankruptcy available for residents of Georgia. It is important to know what type is best for individuals, families or businesses before filing. Understanding the…

If you are a Florida debtor who has found yourself dodging collection calls and dread opening bills that turn up in the mail, you have probably overextended yourself in the credit arena. Debtors who…

An Indiana debtor cannot be forced into Chapter 13 bankruptcy; therefore filing for bankruptcy protection remains a highly personal decision. A person should, however, be aware that if he has been…

Filing for Chapter 13 bankruptcy can help you save your assets from liquidation. Provided that you have stable income and a plan to repay your debts, Chapter 13 will resolve your debt in three to five…

When a party to a personal injury case files for bankruptcy, it can complicate the case. If you are the plaintiff, you may be worried about how your bankruptcy filing will affect your award from your…

A North Carolina debtor who may be unemployed, have large medical expenses or overextended credit card debt may be seeking a solution to these financial problems. If the debtor has sizable debt with…

If you’re thinking about filing bankruptcy in Ohio, you must follow a number of legal requirements in order to qualify, according to the U.S. Bankruptcy Court Northern District of Ohio website…

To learn bankruptcy law, a person needs to first learn more common forms of law. To learn these laws a person needs to attend the law school or his choice. By attending law school, the student will…

When filing bankruptcy in Nevada, you must first decide which bankruptcy chapter is right for you, according to the book "How to File for Chapter 7 Bankruptcy." Chapter 7 allows more forgiveness of…

Personal bankruptcy is designed to provide overburdened people with partial or complete relief from credit card debts or medical bills, according to the Federal Trade Commission. In the United States,…

Voluntary bankruptcy is when a debtor finds that his debts are too great to repay and so seeks to legally declare that he is no longer able to pay them. When there seems to be no other solution to his…

If you live or work in Maryland, you may be able to file personal bankruptcy on debts, such as credit cards and medical bills. However, you're not automatically entitled to liquidate eligible…

The process of filing for bankruptcy is a formal hearing that is held in a Federal Courtroom with a representative from the debtors' offices to relieve any outstanding debt, and in some cases transfer…

If you are contemplating seeking bankruptcy protection, you may wonder what you can include in your case. Although the answer may vary, depending on what type of bankruptcy you pursue, some general…

As you contemplate filing for personal bankruptcy you need to understand the basics of this type of legal action. High on your list of items to review is what is protected through a personal…

Maryland permits several bankruptcy options for individuals and companies who need to repay creditors, reorganize debt or avoid foreclosure. Two of the most common avenues for financially-strapped…

Chapter 13 bankruptcy is different from Chapter 7 in that rather than a liquidation to pay back creditors, a plan is developed under the supervision of the court to pay back creditors over three to…

The two types of personal bankruptcy, chapter 7 and chapter 13, both help discharge unsecured debt. Unsecured debt is debt that is not "secured" by any collateral, such as credit card debt.…

According to Section 521(a)(1)(b)(i) of the United States Bankruptcy Code, every person who files bankruptcy must disclose all property and assets. Debtors must disclose real estate, vehicles and…

Bankruptcy protection laws were enacted to allow individuals and companies to get a fresh start after financial difficulties. There are four different types: Chapter 7, also known as "liquidation,"…

Personal bankruptcy is when someone who is unable to pay their debts takes legal action to help them negotiate their way through the situation. Depending upon the chapter filed under, this eliminates…

Filing for personal bankruptcy is a decision that you must make in a thoughtful and deliberate manner. There are certain strategies that you need to employ before, during and after filing for…

Bankruptcy means someone is legally unable to pay their debts as agreed. The procedure of verifying someone truly is bankrupt can take up to 8 months in most cases, and those who have some assets will…

Filing bankruptcy is sometimes necessary when a person is unable to pay his bills as agreed. It offers legal protection to the debtor for unpaid bills. When a bankruptcy case is pending, a creditor…