Bankruptcy Basics What You Need To Know Before Filing Finney Law Firm

Bankruptcy Basics What You Need To Know Before Filing Finney Law Firm Bankruptcy basics: what you need to know before filing insurmountable debt is a stressful life event to handle. thankfully, the federal bankruptcy laws provide an outlet to escape this pressure when other avenues have failed. If you or your business are struggling financially and would like more information regarding bankruptcy laws and the bankruptcy process please contact susan browning, 513.943.6650 at the finney law firm for a free consultation.

Bankruptcy Basics 3 Things You Need To Know Before Filing An involuntary bankruptcy can be filed by a debtor’s creditors in certain circumstances. filing the petition. a chapter 11 case begins with filing the petition listing secured and unsecured debts. the debtor in the case stands in a different position than in a chapter 13 in that the debtor becomes a debtor in possession, meaning the debtor. Income documentation. if you're an employee, you'll need copies of pay stubs for the six month period before the bankruptcy and your last two w 2s. you'll also need proof of other income sources such as social security funds, disability, or rental properties. if you're self employed and filing for bankruptcy, you'll probably need to provide a. You'll also have to pay filing fees to the bankruptcy court: $335 for a chapter 7 case, and $310 for chapter 13. other court fees are possible, too. if you need to reopen a chapter 7 case, it'll. Bankruptcy basics provides basic information to debtors, creditors, court personnel, the media, and the general public on different aspects of federal bankruptcy law. it also provides individuals who may be considering filing a bankruptcy petition with a basic explanation of the different chapters under which a bankruptcy case may be filed and.