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Research Guides. Bankruptcy of a Cemetery Owner – 2006-R-0379 You asked who would be responsible for maintenance and upkeep of a cemetery if the entity that was responsible goes bankrupt, out of existence, or is otherwise unable to perform its responsibilities. Insurance Guaranty Funds – 2004-R-0695 You asked how.
Financial Requirements – The type (“chapter”) of bankruptcy you file is partly determined by how much debt you have. For example, to file chapter 13 bankruptcy in Pennsylvania, your secured debts must be under $1,184,200 and your unsecured debts must be under $394,725.
· The immediate advantage of filing bankruptcy is an “automatic stay,” which puts your creditors on notice that they have to stop trying to collect money from you. The stay prohibits creditors from calling you, sending collection letters, filing lawsuits, garnishing your wages, or seizing any of your assets, except in a few cases, such as in the collection of alimony and child support.
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A chapter 7 bankruptcy gives you the relief of a clean financial slate – but also the worry that you’ll never have decent credit again. If you were eligible to file bankruptcy, chances are your credit was in tatters. But that’s different from the common misconception that bankruptcy ruins your.
The company has been working for weeks on the plans ahead of the bankruptcy filing. Last week it confirmed it would pull out of Japan by late October. It also shuttered its last Hong Kong store.
For many individuals, filing for bankruptcy relief can provide a way out of debt and a fresh financial start. Decide If Bankruptcy Is Right for You Is bankruptcy a good idea or not? Here are some things to consider.
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Forever 21 could be closing one of its Delaware locations in wake of bankruptcy filing Delaware could lose one of its three.