Sentences with phrase «many types of bankruptcy»

What happens to your money, assets and debt owed depends on the type of bankruptcy you file.

With all types of bankruptcy, there are certain conditions or requirements that need to be met in order to qualify.

There are several types of bankruptcy for which individuals or married couples can file, the most common being Chapter 7 and Chapter 13.

And the fees of a bankruptcy lawyer may range from $ 600 to $ 1200 depending on the type of bankruptcy.

Chapter 12 bankruptcy is relatively a new type of bankruptcy that applies to family farmers and family fishermen.

Both types of bankruptcy may get rid of unsecured debts and stop foreclosures, repossessions, garnishments and utility shut - offs, as well as debt collection activities.

The two common types of bankruptcy relevant to discharging or repaying tax debts is Chapter 7 and Chapter 13 which is discussed below.

The total amount depends on the type of bankruptcy and the types of debt.

For individuals, the two types of bankruptcy are chapter 7 and chapter 13.

This type of bankruptcy also applies to individuals who do not qualify for Chapter 13.

Depending on the type of bankruptcy filed, this may include relief from car loans and that often means turning the car back to the bank that financed it.

You first need to know what type of bankruptcy to declare.

Depending on the type of bankruptcy you apply for, you can either eliminate your debt or make the payments more manageable.

You'll be unable to refile bankruptcy for two to eight years depending on which type of bankruptcy you file.

Both types of bankruptcy will drastically damage your credit.

You do not owe anything (in most types of bankruptcy) and most likely you have a job.

Bankruptcy options There are a few different type of bankruptcies; Chapter 7, Chapter 13, Chapter 11 and Chapter 12.

There are two common types of bankruptcy for individuals: Chapter 7 and Chapter 13.

When the discharge occurs depends on the type of bankruptcy you file.

Under this type of bankruptcy, you'd repay most of your debts within a three to five year time period.

The first step is to find legal help that is experienced in the type of bankruptcy you seek and is actively taking on new clients.

If you're considering filing for bankruptcy but don't know where to start, here are the different types of bankruptcy and how to file for each.

This type of bankruptcy is most popular among businesses and corporations, but it can be used by individuals, too.

This type of bankruptcy remains on your report for 10 years from the filing date.

There are two types of bankruptcy that most individuals can file for — Chapter 7 and Chapter 13.

Get a better understanding of what type of bankruptcy you qualify for and whether you can discharge taxes.

He or she can further explain what bankruptcy is all about and what types of bankruptcy best suits you.

While this type of bankruptcy rarely covers all that is owed, it rids the debtor of any further payment obligation.

Depending on the type of bankruptcy, it can even affect your home or car.

Together, it's possible to figure out in an hour or less which type of bankruptcy applies to your situation.

The different types of bankruptcies filed are Chapter 7, Chapter 13, Chapter 11, and Chapter 12.

This waiting period can vary depending on what type of bankruptcy you have filed for.

There are a few types of bankruptcy proceedings, but the most common ones for individuals are Chapter 7 and Chapter 13 bankruptcies.

Two types of bankruptcy are available to individuals.

Under the old rules, most filers could choose the type of bankruptcy that seemed best for them — and most chose Chapter 7 over Chapter 13.

It is easy to get confused about the different types of bankruptcy.

In this type of bankruptcy, generally the courts allow you to repay a portion of your debt over three to five years, and the remaining debt is discharged.

This type of bankruptcy is designed for lower - income consumers with little to no assets and who want a fresh start.

Typically, this type of bankruptcy is discharged between three and five months, and it stays on your credit report for 10 years.

The cost will depend on the type of bankruptcy you file and what part of the country you live in.

This type of bankruptcy is designed to help you pay back all or a portion of your debts through a three - to five - year repayment plan.

The type of bankruptcy an individual should file is an important legal decision, one that should be made in consultation with an experienced bankruptcy attorney.

There are four types of bankruptcies but the two most common are Chapter 7 bankruptcy and Chapter 13 bankruptcy.

The type of bankruptcy that one chooses to file also affects the amount of property one may keep.

Finally, you may be unable to file for the type of bankruptcy that discharges your debt without requiring monthly payments.

In this type of bankruptcy the court will appoint a trustee whose job it is to liquidate all property that is not exempt (or is in excess of what he or she may keep under law), and use the money raised to pay creditors.

There are two types of bankruptcy for individuals — Chapter 7 and Chapter 13.

There are different types of bankruptcy, such as Chapter 13 vs. Chapter 7.

Here is a recent Bankruptcy Debt Relief Infographic that teaches people about the different types of bankruptcy.

This type of bankruptcy is reserved for fishermen and family farmers.