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In May 1977, a ruling by the New Jersey Superior Court ordered him to pay over $600,000 to the bank, and when unable to pay it, they were able to take possession of all of Ceritano's wine – 45,000 cases worth a total of $720,000.
If you are considering bankruptcy, you are not alone. In 2023, nearly 435,000 Americans filed for bankruptcy, according to data from U.S. Courts. If you’re considering taking similar action, an ...
You can use your 401(k) to pay for an immediate financial need, like medical expenses for you or a family member, funds for buying a home, tuition costs, eviction prevention, home repairs, funeral ...
Chapter 7 of Title 11 U.S. Code is the bankruptcy code that governs the process of liquidation under the bankruptcy laws of the U.S. In contrast to bankruptcy under Chapter 11 and Chapter 13, which govern the process of reorganization of a debtor, Chapter 7 bankruptcy is the most common form of bankruptcy in the U.S. [1]
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. [1]
Chapter 13 bankruptcy is the more expensive form of bankruptcy. Unlike Chapter 7, which involves selling off most of your belongings, Chapter 13 reorganizes your financial life and debts, giving ...
The stay does not stop an eviction proceeding if the landlord has already obtained a judgment of possession prior to the bankruptcy case being filed, § 362(b)(22). The stay also would not apply in a situation where the eviction is based on "endangerment" of the rented property or "illegal use of controlled substances" on the property, § 362(b ...
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