Legal Advice on Bankruptcy Court

  1. Bankruptcy: The Schedules

    Andrew Daniel Myers

    Schedule A - Real Estate. Schedule A lists all of the real estate that you own as of the date of filing. This is obvious with respect to your home, if you own the property. It may not be so... more

  2. 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

  3. Discharge In Chapter 7 Bankruptcy Cases

    Mohammad Ahmed Faruqui

    A discharge releases individual debtors from personal liability for most debts and prevents the creditors owed those debts from taking any collection actions against the debtor. Because a chapter 7... more

  4. Chapter 13 Bankruptcy

    Mohammad Ahmed Faruqui

    A chapter 13 bankruptcy is also called a wage earner's plan. It enables individuals with regular income to develop a plan to repay all or part of their debts. Under this chapter, debtors propose a... more

  5. 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

  6. Advantages of Chapter 13 Bankruptcy

    Mohammad Ahmed Faruqui

    Chapter 13 offers individuals a number of advantages over liquidation under chapter 7. Perhaps most significantly, chapter 13 offers individuals an opportunity to save their homes from foreclosure.... more

  7. Eligibility for Chapter 7 Bankruptcy

    Mohammad Ahmed Faruqui

    To qualify for relief under chapter 7 of the Bankruptcy Code, the debtor may be an individual, a partnership, or a corporation or other business entity. 11 U.S.C. 101(41), 109(b). Subject to the... more

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