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Chapter 7

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  • Is liquidation required as part of the process?

    Bankruptcy can be a beneficial process when people are facing financial troubles during a difficult time. If you are considering filing for bankruptcy, meet with an attorney to decide on which process is best for you. They can guide you on which bankruptcy process can be more beneficial for you. This can lead you to either Chapter 7 or Chapter 13 bankruptcy. Chapter 7 is best known for being a…
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  • When does the automatic stay go into effect?

    Bankruptcy can be a useful process for individuals that are suffering through tough financial times. It can create some stressful times for these individuals. It may even be more stressful for individuals that have a family to provide for. However, they can have comfort knowing that they can turn to bankruptcy processes to help themselves in these situations. Although it may seem like admitting defeat, it is not. Bankruptcy can…
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  • How much authority does a power of attorney have?

    A power of attorney is someone involved in your estate administration and planning process. While planning for your estate, you can name a power of attorney. This individual has as much authority as you wish to give them. They do not have unlimited power over your life. Instead, you can limit their power as much as you would like. With these roles, a person can be highly involved in making…
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