Life after bankruptcy Bankruptcy is the last resort for any debtor wherein he / she legally declared inability to pay the debt. In the majority of cases of bankruptcy it starts by the debtor or the organization. However the creditors can also apply for bankruptcy in an effort to recover what is owed them. What […]
Tag: filing for personal bankruptcy
Chapter 13 – Avoid foreclosure Chapter 13 bankruptcy should be a last resort for when speaking of a foreclosure. In the majority of cases, an automatic stay is introduced as soon as the chapter 13 bankruptcy petition is filed. The automatic suspension will temporarily stop foreclosure, together with all the action collection, regardless of the […]