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Posts tagged "Chapter 7"

How your home factors in to the Chapter 7 equation

It is perfectly natural for any person in a desperate financial situation to consider bankruptcy. One of the first questions they are likely to consider is "how will this filing affect my home?" There are a few things to consider here, specifically in regards to a Chapter 7 bankruptcy filing.

What happens to your 401(k) during bankruptcy?

Whenever someone files for bankruptcy, they will inevitably have questions about the process. Even if they have been through it before, bankruptcy is far from the simplest of processes; so they will want as much advice and help as possible to get through their Chapter 7 or Chapter 13 filing.

Business debt can prompt individual filings in NH, 24 in June

Bankruptcy provides financial relief to both businesses and individuals. Under the most basic explanation of the bankruptcy process, businesses or individuals who seek relief have two options: straight bankruptcy involving liquidation through Chapter 7 protection or reorganization by way of Chapter 11 for businesses and Chapter 13 for individuals.

Botched Chapter 7 filing puts CNET founder in limbo

In 2008, the founder of CNET sold the company to CBS for roughly $1.8 billion. The sale saw him pocket about $200 million from the deal; but just five years later, and CNET's founder has fallen on hard financial times. The 47-year-old claims that he has $50 million in assets, only to be outdone by $100 million in debts. He filed for Chapter 7 bankruptcy in May and had a deadline of June 7 to file an important document to bankruptcy court. The document must include detailed information on assets, debts and the general "state of affairs" involving the insolvent individual.

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Whether you have a family law issue, an estate planning question or are considering bankruptcy, I can help you find a sustainable solution that provides relief and hope. Schedule your consultation at my Nashua, New Hampshire office today by calling 603-635-4149 or by sending us an email.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

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