What is Wage Garnishing In the course of recovering debt, a creditor may obtain a court order mandating your employer to garnish wages paid to you. Wage garnishment means a portion of your earnings are…
READ MOREIntroduction The effects of the 2008 financial crisis still linger, even a decade later. The crisis is considered one of the worst economic meltdowns in human history, and a mortgage crisis fueled it. While people…
READ MOREWhat is Chapter 13 Bankruptcy? Individuals looking to declare bankruptcy may choose to file a Chapter 13 bankruptcy claim. Filing Chapter 13 bankruptcy allows the debtor consolidate his debts and get a discharge after making…
READ MOREBankruptcy Law – What is the “Bankruptcy Code”? The set of federal laws that governs all bankruptcy cases in the United States is considered the Bankruptcy Code. The Code is found in Title 11 of…
READ MOREChapter 13 Bankruptcy What is a Chapter 13 Bankruptcy A chapter 13 bankruptcy is also called a wage earner’s plan. It enables individuals with regular income to develop a plan to repay all or part…
READ MOREChapter 12 Bankruptcy What is a Chapter 12 Bankruptcy A Chapter 12 can be filed by a family farmer or fisherman. To qualify, more than 50% of your income must be derived from a farming…
READ MOREChapter 11 Bankruptcy What is a Chapter 11 Bankruptcy? Chapter 11 is known as the reorganization chapter of the bankruptcy code because it permits a debtor to reorganize financial obligations while retaining assets, which may…
READ MOREChapter 9 Bankruptcy What is a Chapter 9 Bankruptcy? A lesser recognized chapter of bankruptcy that is particularly designed for “municipalities,” which includes counties, taxing districts, cities, towns, municipal utilities, and school districts. Under chapter…
READ MOREChapter 7 Bankruptcy What is a Chapter 7 Bankruptcy? A Chapter 7 Bankruptcy is a legal action making your possessions (called assets) available to creditors (to whom you owe money) in exchange for eliminating your…
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