Who Should File Chapter 13?
Posted on October 7, 2009 at 5:15 am
Who should file Chapter 13? Perhaps, those consumers who initially had a relatively low debt amount (less than $10,000) but after an unsuccessful try with a DMP - have somehow found themselves in a deeper hole, ex: a possible lawsuit.
Posted on October 7, 2009 at 5:30 am
Who should file Chapter 13? I think consumers don't have that big a chance anymore with Chapter 7 anyway..so, I guess most of those who are filing bankruptcy anyway.
Posted on October 13, 2009 at 9:15 pm
Who should file Chapter 13?
I'm curious if businesses are included in the list.
I'm seriously considering it.
Posted on October 13, 2009 at 9:17 pm
aside from "who should file chapter 13,"
why do you think i should file chapter 13?
Posted on October 14, 2009 at 2:41 am
Who should file Chapter 13? I'm curious if businesses are included in the list. I'm seriously considering it.
You cannot file for Chapter 13 bankruptcy for your business, under its business name. However, you can be able to file for Chapter 13 if your business is a sole proprietorship, and you do not want to liquidate it in a Chapter 7 bankruptcy.
Posted on October 14, 2009 at 3:32 am
You may also want to consider filing Chapter 13 bankruptcy if you're a business owner, on the grounds that your unsecured debts are less than $336,900, and your secured debts are less than $1,010,650.
Also, it can be done if you've previously filed for Chapter 7, within the last 6 years.
Posted on October 15, 2009 at 3:35 am
Who should file Chapter 13? Can a small business, LLC qualify for it?
I think so although I am not too sure. A Chapter 13 should only be considered though if all sorts of structuring have already been tried. Filing bankruptcy might not save the business.
Posted on October 15, 2009 at 3:37 am
I think the next question to
Who should file Chapter 13? Can a small business, LLC qualify for it? is
- how to restructure business debt without filing bankruptcy?
Posted on October 15, 2009 at 3:41 am
I think the next question to
Who should file Chapter 13? Can a small business, LLC qualify for it? is
- how to restructure business debt without filing bankruptcy?
I am not very well versed with business restructuring but from what I know - the business owner would still have to see a finance, debt, or credit consultant for it. Where can they be found? With the Better Business Bureau and look for counselors that are licensed by the American Board of Certification.
The businessman afterwards, can present his/her proposal to the creditors -- that or have a lawyer or the credit counselors represent him/her.
Posted on October 15, 2009 at 3:42 am
I think the next question to
Who should file Chapter 13? Can a small business, LLC qualify for it? is
- how to restructure business debt without filing bankruptcy?
You mentioned a lawyer and credit counselor, how about debt settlement for business? Does that exist?
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