Many debtors who have decided to consider bankruptcy have lots of questions about various things before filing it . like , what they should do, what they should expect and how a bankruptcy filing will impact their credit and financial future. Where here are five things you should know about bankruptcy before you decide to file. 1. Filing for bankruptcy will immediately … [Read more...]
Tips to Help Filing Bankruptcy
Many people don't know what steps to take when trying to find their bankruptcy filings. It can be overwhelming and most people don't even know from where to start. The first step can probably be to get a good lawyer. They can give you clear and valuable information on how to file for it and get the best results. Many people try and do it themselves but usually end up messing … [Read more...]
How to Buy Bankruptcy Assets Online ?
Bankruptcy auctions are filled with terminology and procedures somewhat nonunderstandable and confusing to the average investor; however, with a basic knowledge of the industry, a first time buyer can not only reduce risk but also tends to close a phenomenal deal. In United States bankruptcy cases, a sale of an asset of a bankruptcy estate requires a court order. A trustee … [Read more...]
Corporate Bankruptcy
Corporate bankruptcy is a legal process whereby the business entity declares that it is unable to meet its obligations, and is seeking protection from legal action by its creditors. In the US, there are two options for businesses under the bankruptcy act; chapter 7 and chapter 11. Any business, from a sole proprietorship to a corporation, can file under either of these two … [Read more...]