Amazines Free Article Archive
www.amazines.com - Saturday, January 18, 2020
Read about the most recent changes and happenings at Amazines.com
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Google
Subscriptions Manage Ezines
CATEGORIES
 Article Archive
 Advertising (133326)
 Advice (160997)
 Affiliate Programs (34736)
 Art and Culture (73698)
 Automotive (145681)
 Blogs (75064)
 Boating (9841)
 Books (17218)
 Buddhism (4125)
 Business (1328641)
 Business News (426316)
 Business Opportunities (366271)
 Camping (10962)
 Career (72737)
 Christianity (15846)
 Collecting (11637)
 Communication (115053)
 Computers (241955)
 Construction (38999)
 Consumer (49681)
 Cooking (17061)
 Copywriting (6567)
 Crafts (18205)
 Cuisine (7539)
 Current Affairs (20394)
 Dating (45781)
 EBooks (19687)
 E-Commerce (48204)
 Education (185261)
 Electronics (83503)
 Email (6395)
 Entertainment (159838)
 Environment (28938)
 Ezine (3039)
 Ezine Publishing (5446)
 Ezine Sites (1550)
 Family & Parenting (110900)
 Fashion & Cosmetics (196391)
 Female Entrepreneurs (11842)
 Feng Shui (130)
 Finance & Investment (310285)
 Fitness (106199)
 Food & Beverages (62872)
 Free Web Resources (7938)
 Gambling (30226)
 Gardening (25112)
 Government (10514)
 Health (629620)
 Hinduism (2205)
 Hobbies (44046)
 Home Business (91561)
 Home Improvement (251373)
 Home Repair (46144)
 Humor (4825)
 Import - Export (5453)
 Insurance (45130)
 Interior Design (29558)
 International Property (3485)
 Internet (190991)
 Internet Marketing (146346)
 Investment (22826)
 Islam (1167)
 Judaism (1356)
 Law (80516)
 Link Popularity (4592)
 Manufacturing (20842)
 Marketing (98786)
 MLM (14136)
 Motivation (18213)
 Music (27005)
 New to the Internet (9480)
 Non-Profit Organizations (4048)
 Online Shopping (129617)
 Organizing (7803)
 Party Ideas (11856)
 Pets (38079)
 Poetry (2234)
 Press Release (12675)
 Public Speaking (5618)
 Publishing (7523)
 Quotes (2407)
 Real Estate (126633)
 Recreation & Leisure (95290)
 Relationships (87564)
 Research (16159)
 Sales (80325)
 Science & Technology (110227)
 Search Engines (23458)
 Self Improvement (153103)
 Seniors (6233)
 Sexuality (35942)
 Small Business (49287)
 Software (82996)
 Spiritual (23468)
 Sports (116085)
 Tax (7658)
 Telecommuting (34068)
 Travel & Tourism (307484)
 UK Property Investment (3121)
 Video Games (13428)
 Web Traffic (11728)
 Website Design (56833)
 Website Promotion (36572)
 World News (1000+)
 Writing (35776)
Author Spotlight
SHOVON JOARDER

Shovon Joarder has been working as Freelance Marketing Project Manager for over four years. He also ...more
KHEHLLEYZH PHUN

In regards to earning money online, everybody wishes to, and everybody strives to, but not many end ...more
ADRIAN JOELE

I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
ELLIOT CHANG

Financial analyst and author writing on economy and business. ...more
JIM TURNER

Jim Turner is a USA based author of Legal issues related to estate planning, will & trust , busyness...more


A Guide To The Complexities of Bankruptcy Chapters and Laws by Jon Arnold






Article Author Biography
A Guide To The Complexities of Bankruptcy Chapters and Laws by
Article Posted: 07/14/2008
Article Views: 226
Articles Written: 781
Word Count: 635
Article Votes: 0
AddThis Social Bookmark Button

A Guide To The Complexities of Bankruptcy Chapters and Laws


 
Law
Bankruptcy is a legal procedure granted by the Federal Law that allows an individual or organization with excessive debt to pay their creditors in a certain amount of time. The bankruptcy attorney specializes in bankruptcy law which enables them to design a legal plan to assist in resolving this debt. There are several types of bankruptcy proceedings under the Bankruptcy Code. Because bankruptcy law specialists are fully in tune with the most recent changes in the laws, they are best qualified to file the appropriate documents to eliminate debt.

There are several reasons that an individual or organization may consider filing for bankruptcy. Consumers or organizations that are under the threat of wage garnishments, foreclosures, liens, lawsuits or repossessions can potentially benefit from filing bankruptcy. However, in order to properly regain total control over finances, it would require professional knowledge and expertise. Consequently, recent changes in bankruptcy laws as directed by the Bankruptcy Abuse Prevention and Consumer Protection Act indicates stringent guidelines in regards to chapter 7 and chapter 13 bankruptcy proceedings. These laws have made it extremely difficult for individuals or organizations to implement these procedures without the assistance of a bankruptcy attorney.

The chapter 7 bankruptcy procedure is the basic liquidation for consumers and businesses. The chapter 13 procedure is the rehabilitation with a payment plan for the individual with a regular source of income. The chapter 7 and 13 proceedings are the most common types of personal bankruptcy. The chapter 7 or chapter 11 procedures are generally used by a business or cooperation. Due to the recent adjustments of bankruptcy laws, it is quite challenging to file bankruptcy. Specifically, filing bankruptcy is not as simple as liquidating assets or your debt. The new laws actually encourage and enforce chapter 13; consumers must find a way to incorporate a payment plan to repay the debt.

As many individuals and organizations enter the process alone, the bankruptcy attorneys are available to provide valuable information that could have a significant impact on the outcome. The bankruptcy law experts are able to offer an initial evaluation to determine if you are a prominent candidate for bankruptcy proceedings. Furthermore, the attorney can also determine which proceeding is best given your personal circumstances.

One of the basic proceedings that a bankruptcy attorney practices is the chapter 7, liquidation. The attorney also practices the debtor rehabilitation procedure that involves a court- approved payment or reorganization of the debts. The debts are settled over an allotted period of time by using the future earnings of chapters 9, 11, 12 and 13. Chapter 9 bankruptcy is the municipal bankruptcy that is only available to cities, towns, counties, municipal utilities, taxing and school districts. The chapter 11 proceedings is simply a court- approved reorganization. It is generally practiced for business/commercial enterprises which allows them to continue operation while repaying creditors. Chapter 12 and 13 indicates an “Adjustment of Debts of a Family Farmer with Regular Annual Income” and an “Adjustment of Debt of an Individual with Regular Annual Income.”

A bankruptcy attorney is available to find the best legal option for an individual or business to get out of debt. The bankruptcy lawyer will assist with solving credit problems and provide a stable financial status. The bankruptcy proceedings that are regulated by the United States Bankruptcy Code determines the chapter a debtor can file, what bills can be dismissed, how long payments may be extended or what possessions should be liquidated. Ideally, the bankruptcy attorneys are extremely knowledgeable of the most recent bankruptcy laws thereby providing the individual and business with reliable representation during this process. For more insights and additional information about Bankruptcy Law Bankruptcy Chapters as well as getting a free bankruptcy evaluation from a qualified bankruptcy attorney local to you, please visit our web site at http://www.bankruptcy-data.com

Related Articles - bankruptcy law, chapter 7 bankruptcy, chapter 13 bankruptcy, bankruptcy attorney,







Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.

 

Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
Name:
Email:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
 
Please enter the code in the image:



 Author Login 
LOGIN
Register for Author Account

 

Advertiser Login

 

ADVERTISE HERE NOW!
   Limited Time $60 Offer!
   90  Days-1.5 Million Views  

 

Great Paranormal Romance


STEPHEN BYE

Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through The...more
GENE MYERS

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
STEVERT MCKENZIE

Stevert Mckenzie, Travel Enthusiast. ...more
SUSAN FRIESEN

Susan Friesen, founder of the award-winning web development and digital marketing firm eVision Media...more
LAURA JEEVES

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
MICHAEL BRESCIANI

Rev Bresciani is the author of two Christian books. One book is an important and concisely written b...more
TIM FAY

I am not a writer nor am I trying to become a writer. I am an average person with average intelligen...more
KIRAN KAUR

Kiranpreet (Kiran) Kaur, D.D.S., who received her Doctor of Dental Surgery degree from the prestigio...more
STEVE BURGESS

Steve Burgess is a freelance technology writer, a practicing computer forensics specialist as the pr...more
JOANNA MORGAN

Joanna Morgan has a huge passion for making money online from home and enjoys traveling around the w...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2020, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from wikipedia.org under the GNU FDL license