Category Archives: Chapter 7 Bankruptcy
15 Common Mistakes to Avoid When Filing for Bankruptcy Under Chapter 7
Filing for bankruptcy under Chapter 7 as an individual or business is a process that requires planning, preparation and active participation along the way. Mistakes before or during the process can prove costly—and, in many cases, they can lead to denial of the debtor’s petition in its entirety. As a debtor seeking relief under… Read More »
5 Issues That Can Lead to Denial of a Chapter 7 Bankruptcy
When you file for bankruptcy under Chapter 7, the outcome of your filing is not a foregone conclusion. While many people have the perception that they can expect to simply file and receive a fresh start (largely due to misleading advertisements from non-law firm servicers), this is not the case. Filing for bankruptcy under… Read More »
Chapter 7 Bankruptcy for Business Owners: When (and How) Do You Qualify?
As a business owner, you take calculated risks. You make decisions that you think will help drive your business to success, but success is far from guaranteed. The current economic conditions have hit many small and medium-sized business owners particularly hard, and many are struggling despite making decisions that likely would have led to… Read More »