It should be noted that Chapter 7 and Chapter 13 bankruptcy doesn’t generally discharge Student loan debt, although there are exceptions for Undue Hardship. In addition bankruptcy can impact certain private student loans. Chapter 13 can also be used to hold off on student loan collection during the five year chapter 13 plan.
Month: September 2022
Trenton Laundromat Closes and files Chapter 7 Bankruptcy
Undoubtedly the Pandemic hitting just one year after formation had a major impact on the Laundromat. Although both individuals and companies can file a Chapter 7 bankruptcy, there are generally more issues in a Chapter 7. For one, with a business there is often assets to be liquidated. When an individual files bankruptcy, no assets are typically sold because individuals are allowed to exempt (protect) a lot of their assets.
Can I Buy or Lease a Car if I am Still in a Chapter 13 Bankruptcy?
Can a debtor buy or lease a car while they are in bankruptcy. The answer is yes.
REGAL CINEMA PARENT COMPANY FILES FOR CHAPTER 11 BANKRUPTCY
Cineworld Group, the second largest movie theater chain, filed a chapter 11 in the United States Bankruptcy Court for the Southern District of Texas. Regal Cinemas is owned by Cineworld Group
WHICH BANKRUPTCY COURTHOUSE FOR BURLINGTON COUNTY RESIDENTS
The location of the Courthouse will impact the trustees assigned to your case as well as the judge appointed in your case
Bankruptcy Can Help with Delinquent Utilities
If you are able to file a Chapter 7 to eliminate unsecured debt, then any outstanding utility bills can be included and eliminated as well. Similarly, if you are paying a reduced amount to your unsecured creditors in a Chapter 13, the Utility Companies can be treated the same way.