My community was recently rocked by two businesses who were suddenly in Chapter 7 bankruptcy with unhappy clients and customers. Chapter 7 bankruptcy for business is a very different process than when people file for
It doesn’t happen very often, but sometimes a client who needs to file bankruptcy is also in line to receive an inheritance. Like a lot of things, what will happen to that inheritance in a bankruptcy case depends on the timing.
On March 24, 2015, the U.S. Supreme Court will hear oral arguments in two cases involving whether a chapter 7 debtor may strip off a second (or any junior) mortgage that is not secured by the home’s actual market value.
When someone leaves a job, is it always necessary to replace them? The bankruptcy system’s watchdog seems to think so, even if that makes little sense.