Legal Advice on Bankruptcy Alternatives

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  1. Alternatives to Chapter 7 Bankruptcy

    Mohammad Ahmed Faruqui

    Debtors should be aware that there are several alternatives to chapter 7 relief. For example, debtors who are engaged in business, including corporations, partnerships, and sole proprietorships, may... more

  2. How Chapter 13 Bankruptcy Works

    Mohammad Ahmed Faruqui

    A chapter 13 case begins by filing a petition with the bankruptcy court serving the area where the debtor has a domicile or residence. Unless the court orders otherwise, the debtor must also file... more

  3. Eligibility for Chapter 13 Bankruptcy

    Mohammad Ahmed Faruqui

    Any individual, even if self-employed or operating an unincorporated business, is eligible for chapter 13 relief as long as the individual's unsecured debts are less than $336,900 and secured debts... more

  4. PRINCIPLE REDUCTION ALTERNATIVE UNDER HAMP

    Ray Garcia

    If your home is currently worth significantly less than you owe on it, MHAs Principal Reduction Alternative was designed to help you by encouraging mortgage servicers and investors to reduce the... more

  5. What are Alternatives to Filing Bankruptcy

    Kevin Michael Cortright

    Some of my clients just do not want to file bankruptcy for one reason or another, it can be a very personal decision. Sometimes depending on a clients financial situation they can just ignore the... more

  6. Bankruptcy Alternatives

    John N Skiba

    No one wants to file for bankruptcy. Bankruptcy is the last option for most people, and probably rightly so. By the time people come to my office to meet with me most have looked into other options... more

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