Neiman Marcus Bankruptcy

Neiman Marcus Bankruptcy

What You Need to Know About Neiman Marcus’ Bankruptcy The Neiman Marcus Group is only one of the many major retailers that are being severely affected. The coronavirus pandemic impacted the growing number of brands that have filed for Bankruptcy. The coronavirus pandemic and its large debt load have severely affected the retailer aged 113 […]

Modell’s Bankruptcy

Modell's Bankruptcy

Modell’s Files For Bankruptcy and Intends To Liquidate Its Assets In New Jersey, Modell’s Sporting Goods filed for Chapter 11 bankruptcy protection. The family-owned retailer will begin liquidation sales in all of its locations, with online sales continuing throughout the process. Mitchell Modell, the company’s fourth-generation owner, attempted unsuccessfully to rally support from the firm’s […]

How To File Bankruptcy Chapter 7

How To File Bankruptcy Chapter 7

What is Chapter 7 Bankruptcy, And How Do I File It?  Under the protection of a federal judge, Chapter 7 bankruptcy can eliminate many types of excessive debt. While some assets, such as high-end jewelry and vehicles, may have to be surrendered, most filers do not need them. Chapter 7 bankruptcy is the most popular and fastest […]

When To File Bankruptcy

When To File Bankruptcy

What Is The Best Time To File for Bankruptcy? Contrary to popular belief, declaring bankruptcy isn’t the end of the world. This could be the opportunity to make the start you have been looking for. Bankruptcy laws were designed to give people a second chance and not penalize them. This doesn’t mean you should declare […]

What Will Happen If I File For Bankruptcy?

What Will Happen If I File For Bankruptcy?

What Will Happen If I File For Bankruptcy? You will file a petition in federal court after you declare bankruptcy. Your creditors will be notified of your bankruptcy petition and will be required to cease pursuing any debt you owe once it is filed.  The court will next ask you for specific details, such as:  […]

How Long Does It Take To File Bankruptcy

How Long Does It Take To File Bankruptcy

What Is The Time It Takes To Complete? You should know how long you have before you can get in the clear  Consumers who file bankruptcy want it to be completed quickly. The sooner you file bankruptcy, the quicker you can start rebuilding and move forward with a new start. Unfortunately, filing for bankruptcy doesn’t mean […]

Car Dealers Who Deal With Bankruptcies

Car Dealers Who Deal With Bankruptcies

Car Dealers That Deal with Bankruptcies Although many traditional car lenders might be cautious about working with bankruptcy debtors in the future, there are likely more options than you realize. Dealers don’t approve auto loans, and they won’t be too concerned if you have filed for bankruptcy. Bankruptcy Auto Loans and Car Dealers The auto […]

Bankruptcy Trustee

Bankruptcy Trustee

Trustee in Bankruptcy What Is a Bankruptcy Trustee and What Does He Do? The United States Trustee, an official of the Department of Justice, appoints a bankruptcy trustee to represent a debtor’s estate in a bankruptcy case. In line with the United States Bankruptcy Code, bankruptcy trustees analyse and offer recommendations on different debtor requests. […]

Bankruptcy Chapter 7 vs 13

Bankruptcy Chapter 7 vs 13

What Is The Difference Between Chapter 7 and Chapter 13 Bankruptcy? The most important decision you will have to make is whether you want to file Chapter 7 bankruptcy or Chapter 13. These chapters are sections of the United States Bankruptcy code that describe how your debt will be dealt with in each phase.  Declaring bankruptcy […]

What Happens If I Declare Bankruptcy

What Happens If I Declare Bankruptcy

What You Need To Know About Bankruptcy People who are in financial trouble should consider bankruptcy as an option of last resort. Although bankruptcy can help you to get your finances in order and may even give you a fresh start, it can also have serious repercussions that could cause damage to your property and make […]