Comments on: Bankruptcy Law: Intro to Chapter 7, 11 and 13

By: William Jones

William Jones — Thu, 24 Dec 2009 13:58:16 +0000

My son has filed for Bankruptcy, I don’t know what chaptor. since he filed he has received a cash settlement from his former employer of 45,000 dollars from the courta. How does this affects his bankrupcy? Can he put this money somewhere were it can not be touch by the bankrupcy courts
Bill Jones

By: Paul

Paul — Wed, 01 Jul 2009 14:43:56 +0000

As sole owner of a sub-chapter S corp. incorporated in the State of NY, I may be facing a judgment for a breach of contract. The limited liability corp. has no assets and was incorporated in 2002. When will a record of the bankruptcy (say a Chap 13) be expunged from my credit record? In the event of a personal Chap 7 filing, when would the record of the filing be expunged from my credit report?

By: Michael

Michael — Mon, 11 May 2009 21:22:24 +0000

I am going through a foreclosure and a divorce. With having to pay child support and alimoney I can only afford to pay the rent, utilities, and car payment and one credit card. I don’t the money to pay my student loan, 2 credit cards and a loan. After paying what I do I only have $200 to eat on for the month. Should I file backruptcy?