| The "Clean Slate" of Chapter 7 Bankruptcy |
| What is Chapter 7 bankruptcy? More... |
| Chapter 7 Eligibility |
| A petitioner must reside in or have a domicile, a place of business, or property in the United States in order to file a Chapter 7 bankruptcy. The petitioner must not have been granted a Chapter 7 discharge within the last six years or completed a Chapter 13 plan. More... |
| Introduction to Chapter 11 Bankruptcy |
| The Bankruptcy Code is a collection of federal laws that apply in bankruptcy cases or proceedings. The Code is made up of various "Chapters" that each apply to a different type of debtor or bankruptcy. One purpose of Chapter 11 is to "rehabilitate" or "reorganize" a business so that it can continue without folding or closing. More... |
| U.S. Trustees |
| United States Trustees supervise the administration of various aspects of cases filed under Chapters 7, 11, 12, and 13 of the Federal Bankruptcy Code.More... |
| Bankruptcy During Divorce |
| Problems may result from the conflict of interests between domestic relations courts and bankruptcy courts when a couple files for bankruptcy during a divorce. The conflict arises because of the differing policies between the courts. Bankruptcy courts have a policy of providing a fresh start and distributing the debtors' assets equally among all of their creditors. Family courts have a policy of equitably dividing the property between the spouses. More... |
Rahaim & Saints
More Than 50 Years Combined Experience
