2020

The Cast Of Characters In A Chapter 7 Proceeding
When dealing with a Chapter 7 proceeding, it's wise to know who the folks are that you'll be dealing with and what their roles will be. Here are four names you'll hear in the cast of characters when you file for bankruptcy. Debtor This is almost certainly you or an entity that you own. The debtor is the individual who owes money to other parties. When filing under Chapter 7 bankruptcy law, the debtor is asking the court to completely discharge whatever debts are listed in the petition.

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your options for getting out from under debt

When you accumulate a lot of debt and suddenly suffer a loss of income, you can be left with few options. What are those options and what are the repercussions for each? This blog was created to help those going through financial difficulties find the answers to the questions they have about getting out from under their debt. You will find advice for consolidating and filing for bankruptcy. You will learn the terminology used in each process of relieving yourself from the debt that has built up. Hopefully, what you learn here will help you get through your struggles as easily as possible.

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