Now, you can owe up to $1,010,650 of secured debt, and still be able to file Chapter 13, depending on how much unsecured debt you owe.
So, if your house is worth $900,000, and you owe $900,000 on it, that is $900,000 of secured debt, zero unsecured debt, you can file Chapter 13, depending on the [...]
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No, you are not.
Bankruptcy is, and should be, a last resort.
The giant banks and mortgage companies that, with their politician friends, brought about the worldwide financial crisis, did not file bankruptcy themselves because the politicians they bought bailed them out.
They should be criminally prosecuted, but, the politicians are in charge of that, so, guess what?
Big [...]
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What Happens To My Pension, 401(k), IRA If I File Bankruptcy?
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No, says I, and, supported by the Bible, per my post on bankruptcylawnetwork linked to below.
Is Filing Bankruptcy A Sin?
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Completion of my post on Chapter 11 on www.bankruptcylawnetwork.com
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My post on another site on Chapter 11.
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No new reasons, business failure and job loss top the list.
Bankruptcy filings are skyrocketing again, due to the recession.
Again, not a mystery. People file bankruptcy because they do not have the money to pay their bills. Sounds like something the government would pay millions of dollars to study.
Like the people I talk to all the [...]
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Slide show of pictures of the not anymore Rich but perhaps still Famous
who have filed Chapter 7.
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Chrysler says it would need another 25 Billion Dollars in Chapter 11.
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