Is a plan for reorganization required in a chapter 11 and if no plan is submitted, can a chapter 11 continue?

The entire concept behind Chapter 11 is to file a plan to successfully reorganize the debts of the entity filing. A Chapter 11 Plan doesn't have to...

Ssi income 2100.00 monthly,went down to 1400.00 struggled got by now down to 710.00 ,can not cover unsecured loans and cards

Social Security Income is generally safe from the reach of creditors, but bankruptcy may still be a remedy that could offer peace of mind in that...

I'm not sure the question is clear. Changing your filing status on a tax return has no bearing on how much tax is withheld from your paycheck; that...

Is Bankruptcy a viable option to save home?

There are many additional facts which must be ascertained before any opinion could be given. The number of other outstanding debts, the value of...

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Returning collateral does not eliminate your obligation to pay under the contract. The lender, however, may need to mitigate the damages and...

My fiancé was served a order of garnishment but when served the court papers it was served to the wrong house

Unfortunately, once a garnishment is served it is only a short time until income - likely already stretched - will be made further limited by up to...

I got a garnishment from the IRS in the mail today....I know I should have addressed it sooner. Is there anyway to stop it?

I am so sorry to hear about the confluence of these difficult circumstances. There may be assistance to be had through what is called an...

Bankruptcy for Corp chapter 11 or 7 difference?Can you apply 7 and change to 11?Trying to sell a property how is that affected?

My experience is that short form or emergency filings can add additional cost, headache, and room for error. When dealing with any bankruptcy,...

I would like to negotiate a settlement with a debt collection lawyer and need advice.

Assuming that the debt is, in fact, valid, then a negotiated settlement may be a good solution. If this is your only liability, I would not...

My chapter 13 will end in November 2014, how long will it take to be fully discharged and when would I be able to rebuild

Under the 2005 Amendments, there are a couple of forms which must be filed before a case can be closed and a discharge order entered. You probably...