In Chapter 7 bankruptcy, a New Hampshire debtor will have his or her assets liquidated to repay outstanding debts. However, some assets may be exempted from liquidation, which means that they will not be sold to pay off creditors. If a debtor owns property that is...
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Month: September 2014
Student loan debt up 84 percent since 2008
New Hampshire residents with student loans are among those most likely to make timely payments according to the credit reporting agency Experian. Other states that scored well for student loan repayment in the September 2014 report were Vermont, Massachusetts,...
Guide to Chapter 11 bankruptcy for New Hampshire residents
Chapter 11 bankruptcy is a federal bankruptcy plan designed generally for assisting businesses with reorganizing their corporate or partnership structure in order to pay creditors back over time. It is seen as a temporary measure to help the business stay in...
Chapter 7 bankruptcy requirements
When the latest major changes to the bankruptcy code went into effect in 2005, many people in New Hampshire lost the option to file Chapter 7 bankruptcy. The change in the law means that people who can afford to repay some or all of their debts are not able to...
