All the information you need to make an educated decision
Chapter 12 Bankruptcy Options
Chapter 12 bankruptcy is a form of reorganization, in which you follow a payment plan to your creditors under the discretion of a bankruptcy court. It is quite similar to Chapter 13, the main form of reorganization bankruptcy for consumers, but is tailored only to certain individuals.
Because of the specific nature of their livelihoods, Chapter 12 is only for farmers and fishermen whose debt is comprised of at least 80% occupational costs, and who owe less than $1,500,000. Among the powers of Chapter 12 is the ability to release liens on property that is necessary for work.
Avoiding bankruptcy over healthcare expenses
Knowing your rights about medical expenses can help you prevent bankruptcy and meet healthcare costs more on your terms.
Filing bankruptcy: knowing the true costUp to your ears with rude collection calls at home and work? Buried under a mountain of bills you can't pay? Easy! File Bankruptcy and money problems disappear! Well, not exactly.
Considering bankruptcy? Answer these 5 questions firstYou're unemployed, ill or injured, or going through a divorce. Your debt is out of control, and you're ready to file bankruptcy. Although a legal process designed to protect debtors from insurmountable debt, filing bankruptcy ruins your credit and can have lasting consequences.
Bankruptcy vs. credit counselingAre you thinking the only way out of debt is filing for bankruptcy? Before you do, consider contacting a credit counseling service for help. This article compares credit counseling to filing for bankruptcy.
When debt help is not enough: 3 reasons for filing bankruptcySituations can arise that make paying your bills impossible, or that render you ineligible for participating in debt relief efforts such as credit counseling. When you're enduring any of these circumstances, consulting a bankruptcy attorney can provide information about your rights and the consequences of filing bankruptcy.
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