Search results
Results from the WOW.Com Content Network
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]
A bankruptcy case is begun with the filing of the official form B1 bankruptcy petition. [10] The filing of a chapter 7 or chapter 13 personal bankruptcy case also requires the filing of schedules A through J, the statement of financial affairs as well as the form B22 means test.
Columbus: 1970 2019–present 2024–present — Trump: 30 District Judge Edmund A. Sargus Jr. Columbus: 1953 1996–present 2015–2019 — Clinton: 31 District Judge Algenon L. Marbley: Columbus: 1954 1997–present 2019–2024 — Clinton: 34 District Judge Michael H. Watson: Columbus: 1956 2004–present — — G.W. Bush: 38 District Judge ...
Counseling you about what property you might be able to hold on to. Provide input on the tax consequences you will face. Advising you about whether you should continue making payments to creditors.
The disadvantage of filing for personal bankruptcy is that, under the Fair Credit Reporting Act, a record of this stays on the individual's credit report for up to 7 years (up to 10 years for Chapter 7); [5] still, it is possible to obtain new debt or credit (cards, auto, or consumer loans) after only 12–24 months, and a new FHA mortgage loan just 25 months after discharge, and Fannie Mae ...
The week before its bankruptcy announcement in September, Big Lots revealed it planned to close a distribution center in Columbus that would put 379 workers out of jobs, the Dispatch reported.
According to bankruptcy court filings in Florida, Reb Lobster rejected dozens of store leases across the country. Nine of the many that will soon close are here in Ohio: 1691 Dublin-Granville Road ...
Thus, the means test is a formula designed to keep filers with higher incomes from filing for Chapter 7 bankruptcy. These filers may use Chapter 13 bankruptcy to repay a portion of their debts, but may not use Chapter 7 to wipe out their debts altogether. [8] The bankruptcy means test is complex and the terms that govern many parts of it ...