Chapter 12

//Chapter 12

Credit After Bankruptcy

By |2018-09-24T11:58:14-06:00September 20th, 2018|Bankruptcy, Chapter 11, Chapter 12, Chapter 13, Chapter 7|

Most people believe that if you file bankruptcy your credit will be ruined. While it is true that filing a bankruptcy case will affect your credit, it does not mean that you cannot re-establish credit after your bankruptcy case is over.   Most people who file bankruptcy have already taken a hit on their credit [...]

Chapter 12 Bankruptcy: How It Works

By |2018-09-22T08:23:05-06:00May 29th, 2015|Bankruptcy, Chapter 12|

The following is an overview of the early course of a typical Chapter 12 bankruptcy case. See Chapter 12: Basics and Eligibility for an overview. Filing the Petition This type of bankruptcy case begins by filing a petition with the bankruptcy court serving the area where the individual lives or where the corporation [...]

Chapter 12: Basics and Eligibility Requirements

By |2018-09-22T08:23:06-06:00April 24th, 2015|Bankruptcy, Chapter 12|

Chapter 12 is designed for "family farmers" or "family fishermen" with "regular annual income." It enables financially distressed family farmers and fishermen to propose and carry out a plan to repay all or part of their debts. Under chapter 12, debtors propose a repayment plan to make installments to creditors over three to five years. [...]