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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 ...
In United States bankruptcy law, an automatic stay is an automatic injunction that halts actions by creditors, with certain exceptions, to collect debts from a debtor who has declared bankruptcy. Under section 362 of the United States Bankruptcy Code , [ 1 ] the stay begins at the moment the bankruptcy petition is filed.
The trustee often takes a commission of up to 10 percent, adding to the cost of this form of bankruptcy. The long-term costs of bankruptcy Beyond the immediate cost of bankruptcy, filing can have ...
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]
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 ...
The jurisdiction of small-claims courts typically encompasses private disputes that do not involve large amounts of money. The routine collection of small debts forms a large portion of the cases brought to small-claims courts, as well as evictions and other disputes between landlords and tenants, unless the jurisdiction is already covered by a tenancy board.
Aug. 21—Several local counties saw big increases in eviction filings last year — Butler County had the highest eviction rate in the state, and Montgomery County had the most new eviction cases ...
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