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被标记的文章 债务

破产 律师 Bryan W. Stone answers the question:“What is a 破产 卸货?”

During these unprecedented times, we decided to address some of our clients’ most frequently asked questions regarding the 新冠肺炎 pandemic’s impact on 破产 案件。

破产 律师 Bryan W. Stone answers the question:“What is 第11章破产?”

The popular children’s toy store, Toys R Us has decided to close all of its United States store 和 liquidize 资产 after failing to survive the 破产 it filed last year. In 2017, Toys R Us filed a 第11章破产 in an effort to get a handle on almost $5 billion in 债务. The company filed for Chapter 11 in September of 2017. The holiday shopping season was not as successful for Toys R Us as the company would have hoped, 和 they were unable to follow their 债务 plan 和 survive 破产. As such, the company switched their 破产 to a 第七章 liquidation option instead, according to 今日美国.

破产 律师 Bryan W. Stone answers the question:“What is 第七章破产?”

A 第七章破产 that was filed in 2003 has finally ended 15 years later. The Great Northern Paper Co. filed for 第七章破产 in 2003 和 Chief Judge Peter Cary of the United States 破产 Court for the District of Maine has ordered that the proceeding be closed within 30 days, according to 班戈每日新闻. The 受托人 submitted a certification that the 资产 of the estate were accounted for 和 requested that the court 卸货 the company from other 债务s 和 duties.

破产 律师 Bryan W. Stone answers the question:“Can I get rid of student loans by declaring 破产?”

In the United States, the cost of 高等教育 is ever increasing. If you combine that with the difficulty of obtaining a reasonably salaried job after graduation, it is no surprise that student loan 债务 plagues graduates long after they graduate. An estimate of student loan 债务 currently owed in the U.S. is over $1.4 trillion dollars. Individuals with student loan 债务 may eventually fall prey to 财务困难. If an individual is struggling to pay bills 和 make ends meet, he or she may consider 申请破产. Student loan 债务 is often one of the largest 债务s a person can try to 卸货 in 破产. However, it is extremely difficult for student loan 债务 to be 卸货d. There are specific 和 limited circumstances in which student loan 债务 will be 卸货d in a 破产程序.

破产 律师 Bryan W. Stone answers the question:“What are my alternatives to 破产?”

We like to think that when someone takes the big step of 申请破产, they do so only when it’s absolutely necessary. The 破产程序 was created to offer relief to individuals struggling with burdensome 债务 loads, not to be abused by those simply trying to stall 债权人. Though the vast majority of those who file for 破产保护 do so as a last resort to avoid financial disaster, there are some who take advantage of aspects of the system for their own benefit.

破产 律师 Bryan W. Stone answers the question:“Will I lose my property if I file for 破产?”

We all know what 破产 is intended for, to help people or companies get back on their feet financially by eliminating burdensome 债务s. The aim is to essentially wipe the slate clean 和, by doing so, give hope for the future. When it comes to individuals 和 corporations, though it can be hard to finally take the step of filing, it’s good to know that the right to do so always (or almost always) exists. For other entities, particularly states, the debate isn’t about when to file, but whether filing is even legally possible.

破产 律师 Bryan W. Stone answers the question:“What are my alternatives to 破产?”

As anyone with student loans knows, educational 债务 can cause serious financial stress for even the thriftiest of individuals. With the average borrower in 2016 facing some $37,000 in student loans, it can be hard to know how best to tackle such a big pile of 债务. Though payment plans 和 income-based loan forgiveness programs have been helpful, the reality is that many millions of people continue struggling with how to make ends meet 和 student loans represent a large part of that problem.

破产 律师 Bryan W. Stone answers the question:“What are the pros 和 cons of 破产?”

A recent article by Money Magazine walked through some of the most 普遍的神话 associated with the 破产程序, exposing them as the fictions they really are. Though deciding to 文件破产 can be difficult under the best of circumstances, it’s made unnecessarily harder due to commonly held misconceptions. These myths can intimidate 和 frighten people away from a process that might actually prove helpful, freeing them from mountains of burdensome 债务. Now, let’s demystify some of these myths.

破产 律师 Bryan W. Stone answers the question:“What are the pros 和 cons of 破产?”

Though many people may not be aware of it, the 债务 collection industry has exploded in recent years. In the past five to 10 years, 债权人 have begun selling all their old 债务 to 债务 buying firms, usually for two or three cents on the dollar. These firms then use aggressive tactics to pry money from 债务ors, even in cases where the 债务s are expired 和 legal claims can no longer be made to recover the money. The industry has grown to more than $13 billion in size, representing many thousands of claims against many thousands of 债务ors.

破产 律师 Bryan W. Stone answers the question:“Can I get credit after filing personal 破产?”

When a person files for 破产保护 one of the first things he or she must do is submit a list of 资产 和 负债. The 负债 are obviously important because these are the 债务s that the petitioner is trying to get out from under. The 资产, at least for the 债权人 和 the 破产受托人, are just as important. It’s the 资产 that can be sold 和 used to repay 债权人 和 it’s crucial that the list be accurate 和 complete. In fact, the law requires 债务ors to list all 资产 和 any failure to do so, assuming it’s deliberate, can result in serious criminal penalties.