What are the primary reasons why people file for bankruptcy?

When an employer (referred to in this Guide as the company or the employer) files for bankruptcy, its employees are likely to receive a “Notice of Filing” from ... Sep 15, 2014 ... This article explains the impact bankruptcy may have on claims for alimony, equitable distribution of marital property, and how to protect yourself. Jul 30, 2021 ... If you're going through a divorce and your spouse files bankruptcy, it can bring the process to a standstill until bankruptcy proceedings are complete. What does it cost to file for bankruptcy? In North Carolina what property can I keep? What will happen to my home and car if I file Bankruptcy in North Carolina ... What happens when I file a Chapter 7 case? A bankruptcy proceeding is initiated by filing a petition with the bankruptcy court. When you file for Chapter 7 ... Mar 22, 2024 ... Learn what happens to cars in bankruptcy chapters 7 and 13, including whether bankruptcy clears car loans, and what happens if you can't ... In most cases you will have to pay the mortgages or liens as you would if you didn't file bankruptcy. What Will Happen to Your Home and Car in Bankruptcy? In ... Sep 28, 2020 ... Understanding what happens with your 401k and bankruptcy will put your mind at ease. Most people spend their entire careers building retirement ... When you file for bankruptcy protection, a discharge from the court will relieve you of your obligation to repay your creditors for certain debts. As noted, ... As the debtor, you will be declared a bankrupt if the court makes a bankruptcy order against you. You will need to fulfil duties as a bankrupt.