"Preferential transfers" will be brought back into a Chapter 7 bankruptcy action and included in the assets available for liquidation. These include ... |
Certain debts will not be discharged in a Chapter 7 bankruptcy. These include: |
In a Chapter 7 filing, the debtor's personal liability for dischargeable debts is erased (not all debts are ... |
Among the types of bankruptcy filings, in a Chapter 13 proceeding, an individual debtor with regular wages or income agrees to pay back a portion of his or ... |
Among the types of bankruptcy filings, in a sense, Chapter 11 is to business entities what Chapter 13 is to ... |
When concluded, a bankruptcy filing remains on the debtor's credit report for 10 years. However, even the damage to the debtor's credit rating may be ... |
When placing assets out of the reach of creditors, the primary strategy centers on most effectively using the asset exemptions allowed under federal and ... |
If you find yourself facing creditors in a state court or bankruptcy proceeding, you may be able to protect certain assets based on the applicable |
In order to understand exempt asset status, a small business owner must keep in mind that asset exemptions are ... |
As a general rule of asset exemption planning, a home should never be transferred to a business entity, such as a ... |
