Claim in bankruptcy is the document that the creditors file to recoup the debts that is due to the debtor that has been declared as bankrupt. There are certain steps and a specific procedure that is followed to distribute the assets of the bankruptcy estate among the creditors in order to settle their claim.
Chapter 13 Rules
June 25, 2010 By
If you are filing court petition for bankruptcy under chapter 13 bankruptcy code, there are certain rules that you need to be aware of. Knowing these rules will make the bankruptcy proceedings much smoother and you will have cooperatively less hassles and worries during the proceedings in the bankruptcy court. As you know that bankruptcy laws are very complex and the frequent addition of the new bankruptcy laws, make it much more complex. Therefore, the only way to make things easier and smoother for you, you will have to get more and more information regarding the wide range of intricacies involved in the bankruptcy laws. Chapter 13 rules are just a part of the many things that every common man filing bankruptcy must know.
Chapter 13 Bankruptcy – The Basics
June 25, 2010 By
Chapter 13 bankruptcy is also known as “wage earner plan”. It is different from chapter 7 in a sense that it allows the debtor to continue with its existing venture. The bankruptcy court provides an opportunity to the debtor to reorganize their finances while paying off the reduced claims of the creditors simultaneously.
Bankruptcy Law Change
June 25, 2010 By
Bankruptcy law change is a common practice that comes into effect from time to time. The following bankruptcy information may prove valuable for you, as it will help you understand regarding the latest law changes regarding filing bankruptcy.
Bankruptcy Code – Understanding The Law
June 25, 2010 By
Bankruptcy code is the part of the bankruptcy laws in the United States. It is true that bankruptcy is a situation that is forced on persons with deep financial problems, but it is also true that the bankruptcy code has been included in the bankruptcy laws in order to protect such people from getting into further problems. This article intends to provide you valuable information regarding the various bankruptcy codes.