Recent Posts in Bankruptcy Category
Posted on Apr 18, 2011 By Steven Hart, Attorney
To qualify for relief under chapter 7 of the Bankruptcy Code, the debtor may be an individual, a partnership, or a corporation or other business entity. Subject to a means test for individual debtors, ...
Continue reading "Do I qualify for relief under chapter 7" »
Posted on Apr 17, 2011 By Steven Hart, Attorney
Debtors should be aware that there are several alternatives to chapter 7 relief. For example, debtors who are engaged in business, including corporations, partnerships, and sole proprietorships, may ...
Continue reading "What are the alternatives to a chapter 7 bankruptcy" »
Posted on Mar 8, 2011 By Steven Hart, Attorney
A chapter 13 bankruptcy is also called a wage earner's plan. It enables individuals with regular income to develop a plan to repay all or part of their debts. Under this chapter, debtors propose a ...
Continue reading "What are the advantages of filing a Chapter 13 Bankruptcy" »
Posted on Mar 7, 2011 By Steven Hart, Attorney
A fundamental goal of the federal bankruptcy laws enacted by Congress is to give debtors a financial "fresh start" from burdensome debts. This goal is accomplished through the bankruptcy discharge , ...
Continue reading "What is a "Discharge" in Bankruptcy" »
Posted on Mar 6, 2011 By Steven Hart, Attorney
With the drastic decline seen in Rhode Island housing values, many individuals are finding themselves in situations where the balances of their mortgages exceed the fair market value of their home. In ...
Continue reading "What is "Lien Stripping" in bankruptcy and how can it reduce my mortgage payments." »