Involuntary bankruptcy is a rare form of bankruptcy. It is a form of bankruptcy that is filed by the creditors. It is not filed by the person who owes the money. Involuntary bankruptcies are typically filed against businesses. Why A Creditor May File Involuntary Bankruptcy A creditor may choose to file for involuntary bankruptcy if… Read more »
Monthly Archives: March 2018
Will Bankruptcy Stop My Wage Garnishment?
Bankruptcy is designed to give you a fresh financial start by eliminating most forms of debt. It can also help you if you are facing action from creditors, including foreclosure, repossession, lawsuits, and wage garnishment. Here is what you should know about using bankruptcy to stop a wage garnishment. Wage Garnishment and Bankruptcy Protection When… Read more »
What is the Bankruptcy Means Test?
There is a lot to know when it comes to filing bankruptcy. For example, there are different types of bankruptcy for which you can file, not to mention the Bankruptcy Means Test that you can take. Essentially, the Bankruptcy Means Test is meant to determine who is eligible for filing for Chapter 7 bankruptcy. This… Read more »
Can I Keep my Home if I File for Bankruptcy?
If you have been forced to file bankruptcy, this can raise a variety of concerns in your life. For example, many people wonder if they will be able to keep their homes if they have filed for bankruptcy. If you are in this situation, the answer is that it depends on the situation. First of… Read more »
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