Chapter 11 Bankruptcy The purpose of Chapter 11 Reorganization Bankruptcy is to assist businesses, such as corporations and partnerships, in keeping afloat while handling their debts. With Chapter 11 Bankruptcy, businesses may be assisted in coming up with a repayment plan and reorganizing their debts while they maintain the business. Benefits of Chapter 11 Reorganization Bankruptcy: Interest
You’re up to your nose in debt, maybe your home is on the verge of foreclosure, and you have explored all other alternatives. You do not have to tackle your financial issues alone. Contact the right Orlando bankruptcy firm that has attorneys that know what you are going through and can apply their many years
The ability to file Bankruptcy is a privilege, not a right, and it allows you to get rid of most, if not all of your debts or in the case of Chapter 13, take control of your debts and structure a repayments plan to better fit your budget and goals. Chapter 13 is known as
Pros: CHAPTER 7 THE CASE IS SHORT…Normally 4 to 6 months from start to finish. THE CASE IS RELATIVELY INEXPENSIVE THE CASE WILL DISCHARGE OF MOST IF NOT ALL OF YOUR DEBTS CAN STRIP CERTAIN LOANS AND LIABILITIES FROM YOUR HOMESTEAD SUCH AS A SECOND MORTGAGE OR AN HOA LIEN FOR MOST INDIVIDUALS, THE MAJORITY
If you see yourself in a financial hole that you can’t seem to get out of… if your house is in foreclosure or you are behind on your mortgage… if your accounts are being garnished for past debts and liabilities… if you are being sued by creditors… if you are living pay check to pay
