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You may be able to go without a lawyer if your case is straightforward — for example, if you have a simple Chapter 7 bankruptcy with no assets to protect, limited income and few creditors ...
U.S. bankruptcy law provides for an automatic stay of any legal process against debtors or their assets (except perhaps legal process involving criminal law or family law) while bankruptcy is pending, but because U.S. bankruptcy courts cannot cram down loans secured by primary residences, creditors are able to file motions for relief from the ...
Originally, bankruptcy in the United States, as nearly all matters directly concerning individual citizens, was a subject of state law. However, there were several short-lived federal bankruptcy laws before the Act of 1898: the Bankruptcy Act of 1800, [3] which was repealed in 1803; the Act of 1841, [4] which was repealed in 1843; and the Act of 1867, [5] which was amended in 1874 [6] and ...
The history of bankruptcy law in the United States refers primarily to a series of acts of Congress regarding the nature of bankruptcy.As the legal regime for bankruptcy in the United States developed, it moved from a system which viewed bankruptcy as a quasi-criminal act, to one focused on solving and repaying debts for people and businesses suffering heavy losses.
US woman refuses to give in-laws money for house repairs after they declare bankruptcy twice — here’s the advice she got Lou Carlozo January 25, 2024 at 6:00 AM
An attorney can go over your options and let you know if bankruptcy is a viable option for your situation. Decide if you will file for Chapter 7 or Chapter 13 bankruptcy.
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