Why Do I Need A Lawyer 


Defining Chapter Seven Bankruptcy

Defining Chapter Seven Bankruptcy


Author: Alex Campos

We have all heard of chapter 7 bankruptcy, although many of us if asked probably could not give a precise answer to what exactly it entails. Every day people make mistakes when filing for bankruptcy that probably could have been avoided if they had better understood the different types of bankruptcy.

Certainly no one wants to become involved in bankruptcy proceedings. Anyone who does will have to have debts that greatly exceed his or her net worth and, in addition, have no visible or viable means of paying back the debts.

There isn\'t just one kind of bankruptcy proceeding, in fact there are a number including chapter 7 (the focus of this article) and Chapter 11. Chapter seven is more for individuals.

The Definition Of Chapter 7 Bankruptcy

When somebody goes through the process of chapter 7 bankruptcy, according to United States of America law they are essentially liquidating all assets (that are not legally exempt from liquidation) so they can pay back their creditors.

Chapter 7 is an option open to individuals, businesses, partnerships and corporations. There is, however, a special clause open to the individual within the framework of this chapter filing that is not available to the other entities.

This extra clause for the individual is commonly known as a discharge. In essence what this discharge entails is the opportunity of freeing the individual from a host of certain debts.

How to get started filing chapter 7 bankruptcy

Generally speaking to file a chapter 7 bankruptcy one mast supply the courts with copies of their tax returns, contracts of an executive nature, statements of financial affairs, all proof of liabilities and assets as well as documents to prove one\'s current income and necessary expenses.

For individuals other additional documentation has to be supplied to the courts. As an individual you can expect to have to supply copies of statements of income and or employee payments, credit counseling reports etc, also students will need to supply documentation for interest payments on student loans.

This is, of course, a brief overview and more detailed information is provided by the government and federal courts at the website uscourts [dot] gov. However, remember filing for Chapter 7 protection by yourself is not advised, you should get professional help from a lawyer.

Read additional How To File Bankruptcy Facts at this location. This site is responsible for this How To File Chapter 7 Bankruptcy article here!



Nursing Home Headlines

Mom, Son Killed in Murder-Suicide Inside NJ Assisted Living Facility: Officials

Sixty-two yr old, George Buller, III while visiting his 82 yr. old Mother, Andree Buller in a Genesis Health Care Facility, Vorhees, NJ first killed his Mother and then turned the gun on himself.  


2012 The Less Remembered

In all the news items about who passed away in 2012, we must all remember that there were many not so well known people, who also passed, from illness, old age, and far too frequently, from violence. We get all upset over the killing of a few children in


Nursing Home Neglect Lawyer, Nursing Home Abuse Lawyer, Nursing Home Neglect Lawsuit, Lawyer, Attorney, Law Firm | Flint & Associates

No matter how it happens, there are many questions raised by abuse or neglect in a nursing home – questions like why the wrong medication was administered, why a pressure ulcer developed, why the doctors orders weren’t followed, why


UCLA study links bedsores to poor patient outcomes

Stephanie Townsend Allala and Associates at JEl Paso, Texas strives to improve legal matters of clients including nursing home abuse.


Former Nurse's Aid Pleads Guilty to Molesting & Assaulting Nursing Home Patients

STAUNTON, Va. (AP) - A former nurse's aide has pleaded guilty to assault and battery charges stemming from incidents involving two incapacitated residents at a Staunton nursing home.


Nursing home neglect may be present in New York facility

Menkes Law Firm based in New York provides legal representation in cases related to nursing home neglect.


Stopping financial abuse by identifying those most at-risk

Hemminger Law Firm at Des Moines, Iowa strives to promote justice to the clients in the area related to nursing home neglect.


Nursing Home News
Top Links
Fighting The Law Links

Contact dermititus
Vibration white finger
Impeach bush
Drug company lawsuit
Class action lawyer
Adverse side effects
Need a lawyer
Credit dispute letter
Motor vehicle
Job discrimination
Pharmacy negligence
Tortious interference
Remove judgments from credit
Personal injury
Immigration and remediation
Identity fraud
Medical lawsuit
General negligence
Defective product case
Legal resources