Bankruptcy auto finance typically will represent a form of building back the credit history of a person. Usually, after the bankruptcy is closing, the person in […]
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- Author :The Peck Law Group
Simple Checklist To Determine Whether Bankruptcy Discharge Is Appropriate
Declaring bankruptcy is not merely a financial decision; it’s personal and emotional. Here is a simple checklist to determine whether discharging debt makes sense. If you […]
- Author :The Peck Law Group
Bankruptcy and the Role of The Bankruptcy Trustee
When you file for bankruptcy, you will be assigned a bankruptcy trustee. The trustee is the most important person that you will be dealing with while […]
- Author :The Peck Law Group
Let Us Be Your Bankruptcy Attorneys
Expertise: Let this be reiterated: deciding which type of bankruptcy suits you is a decision you can take on your own, but trust us (and our […]
- Author :The Peck Law Group
Bankruptcy Defined
There are six types of bankruptcy under the Bankruptcy Code, located at Title 11 of the United States Code: Chapter 7: basic liquidation for individuals and […]
- Author :The Peck Law Group
Bankruptcy Under the New Act
Under the old bankruptcy laws, most debtors chose between a liquidation proceeding under Chapter 7 of the Bankruptcy Code and a wage-earner repayment plan under Chapter […]
- Author :The Peck Law Group
Preferential Creditor In Bankruptcy Proceeding Receives Preferential Right To Payment
A preferential creditor (in some jurisdictions called a preferred creditor) is a creditor who receives a preferential right to payment upon the debtor’s bankruptcy under applicable […]
- Author :The Peck Law Group
Cram Down: The Reduction of Principal and Interest On Loans Over The Objection of Creditors
Cram down or cramdown is the involuntary imposition by a court of a reorganization plan over the objection of some classes of creditors. Home mortgage loans: […]
- Author :The Peck Law Group
Insolvency Is the Inability to Pay Debts As They Become Due
Insolvency means the inability to pay one’s debts as they fall due. Usually used to refer to a business, insolvency refers to the inability of a […]
- Author :The Peck Law Group
Bankruptcy Discharge Is A Statutory Injunction Against Commencement and / or Continuation of Any Legal Actions
A discharge in United States bankruptcy law, when referring to a debtor’s discharge, is a statutory injunction against the commencement or continuation of an action (or […]
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