Bankruptcies are characterized with legal language called Chapters. When a business files for bankruptcy it is called Chapter 11. When an indivdual files for bankruptcy it is called Chapter 7 or Chapter 13. Chapter 7 bankruptcy is one that is filed for liquidation of assets. During this bankruptcy proceeding assets are sold as directed by a judge to pay off creditors. It is essentially a bankruptcy proceeding for consumers who don't have enough money to pay off their creditors.
Some of the things this remarkable book goes over is listed below.
·Compare all options before making decisions: Choose among almost unlimited options both with and without filing personal bankruptcy. Discover which options work best for using worksheets and instructions. Once knowldege of all long term costs and benefits then the best option will be revealed.
·Use the means test for personal advantage: This test determines qualifications for Chapter 7 and Chapter 13. If earnings are too much then Chapter 7 can not be filed. Without a regular income or sufficient income Chapter 13 can not be filed.
·Take the Means Test at home for free and get results.
·Use proper timing: Filing personal bankruptcy too quickly or too slowly can be detrimental.
·Get maximum results in record time without wasting time or money.
·Use attorney fee caps effectively:
·Prepare for personal bankruptcy: All transactions before personal bankruptcy are suspect. Find out how to use available funds safely to keep all property owned. Eliminate priority debts and maximize the discharge of all debts.
·Know in advance how much you will save: Calculate how much has been spent. Know how much will be saved and probable net worth in five years.
·Avoid personal bankruptcy: Understand the benefits and burdens associated with all alternatives to make a rational decision.
·Know what to do while a bankruptcy case is pending: Jump start life after bankruptcy and have a wealth building plan.
·Ultimately wipe out all debts and keep all property owned: Protect the future. Begin rebuilding financial strength and security within months.
·Avoid all of the hassels that most people face when filing bankruptcy.
The above is some of the great information on the subject of bankruptcy that this book touches on. This book is a great aid and assistant.
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Fard And Company
Fard And Company