Who Should Consider Filing for Bankruptcy in Seattle?
Basically, you should file for bankruptcy if you are in significant debt, and possess a lot of income or other assets (home, vehicle, etc.) that creditors may be able to garnish.
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Basically, you should file for bankruptcy if you are in significant debt, and possess a lot of income or other assets (home, vehicle, etc.) that creditors may be able to garnish.
Detroit, MI – The city of Detroit has an interesting history of bankruptcy. Back in 2013, the municipality of Detroit filed for bankruptcy under Chapter 9 of the United States Bankruptcy Code. Worth a total of $18 billion, this was the largest case of municipal bankruptcy on record, followed by Jefferson County, AL, at a
Fort Worth, TX – The United States Bankruptcy Code was set up to help deal with outstanding debts and loans that the debtor can not pay. Filing for bankruptcy is a way for the debtor to regain financial stability and settle their debts. A good team of specialized lawyers will help make sure you keep
Naturally, you can also safeguard a considerable chunk of your private assets, including household furnishings, clothes, books, appliances, household goods, animals, etc.
El Paso, TX – Filing for bankruptcy in the state of Texas is similar, in many ways, to filing in other states. Bankruptcy courts are governed by federal law, as opposed to state law, and as such, the procedure itself tends to be pretty similar all over the United States. However, each state gets to
Remember, your lawyer will work with you to ensure you keep as much of your property as you legally can.
Do not attempt to hide assets from the courts, as this may result in your case getting thrown out, and you being charged with bankruptcy fraud.
If you’re reading this, chances are you already consider yourself a good candidate for filing for bankruptcy.
In broad terms, Chapter 11 bankruptcy is viewed as “business bankruptcy”, as opposed to filing for bankruptcy as an individual.
It’s normal to be unsure which chapter is right for you – that’s why you should seek the help of a skilled lawyer.