When To File Bankruptcy » chapter 11

Can you file Chapter 11 bankruptcy after having filed Chapter 7?

admin — Tue, 05 Apr 2011 13:25:42 +0000

I filed personal chapter 7 bankruptcy in 2007.
I now own a business, a daycare, that is failing due to so many parents being out of work.
Is Chapter 11 the proper bankruptcy to file for this type of debt, and if so, am I eligible?

Technorati Tags: chapter 11, chapter 7 bankruptcy, daycare, own a business, parents, personal chapter

Why did republicans crackdown on people who filed bankruptcy in 2005?

admin — Tue, 08 Feb 2011 21:37:11 +0000

in 2005 republicans made bankruptcy laws much tighter. Despite it, I still successfully filed chapter 7 protection last year and wiped out 0000 insecure debt. The reason for cracking down on bankruptcy filers in 2005 by repubs were as follows — "people should be financially responsible". As if the government is very financially responsible? How can government tell people to be financially responsible when they themselves are reckless spenders like bailout, iraq war spending, etc etc? That’s being so hypocrite. Also republicans now say, "its not government’s job to tell people how to live". Again they defy their own advice. And most of all, its not person’s fault he goes into bankruptcy. The recession caused millions to become bankrupt, when they lost jobs. And in such situation Bush/Cheney led government tried to choke and hurt these people by making it harder for them to file chapter 7? Then why didn’t they let corporations file chapter 11 instead of being bailed out? Hypocrite republicans. Also shows republicans are only for the rich and not poor. This proves it.
its not copy/paste. its my own thoughts 100%.
comrade: Why do corporations have to be bailed out then? if they can be bailed out, I should be allowed bankruptcy too
both joes: FAIL
no wonder republicans lost house, senate in 2007 and presidency in 2008.
conservative anger: how are you going to pay when you have no money? with a magic wand?
showing the anti-bankruptcy model hurt GOP itself. That was political suicide. From thereon, Bush ratings dropped dramatically and 1 year later they were booted from house and senate
Notice right now Palin and various GOP leaders avoid debate on bankruptcy laws and don’t ever talk of cracking down on bankruptcy. Notice they changed their position now.
Joe: you say, " No Republican forced millions of people to buy homes, cars, and other things outside of their means leading them to the point where they need to file bankruptcy." What about bankruptcy due to job loss or medical emergency? are you trying to say all bankruptcies are due to negligence? you are cruel and heartless, like typical conservative
comrade joe: you can eliminate bankruptcy law but that doesn’t mean creditors will be paid. If there is no money, there is no payment. its that simple

Technorati Tags: anger, bailout, bankruptcy filers, bankruptcy laws, bankruptcy notice, bush cheney, chapter 11, chapter 7, comrade, corporations, gop, gop leaders, hypocrite, iraq war, magic wand, political suicide, presidency, recession, reckless spenders, republicans

Should I Sell My Shares Of GM?

admin — Tue, 04 Jan 2011 16:49:35 +0000

If Its Most Likely To Fill For Chapter 11. Should I Sell My Shares Now To be safe? I was told When a Company Files For Bankruptcy Its Shares Fall To Zero Is This True? Or Should I Stay With the Company if it doesn’t Fall to Zero After chapter 11. Thank You
I Will Cut My Loss And Deal with It. I will Get Half Back If I Get out now

Technorati Tags: bankruptcy, chapter 11, company files

In Pennsylvania, can I file for bankruptcy, without hiring a lawyer?

admin — Tue, 10 Aug 2010 22:56:39 +0000

I want to eliminate my debt, but I’m not sure if it’s Chapter 11 that I need to file. I live on Social Security, and I just can’t catch up on my bills, let alone, have money to hire a lawyer to do this for me. Can I file this without a lawyer??
I’m not talking about going to trial, just asking if I MUST have a attorney to file, or can I do that myself, or does an attorney HAVE to file on my behalf??

Technorati Tags: chapter 11, lawyer, money, social security

how easy is it to get out of chapter 11 bankruptcy?

admin — Wed, 21 Jul 2010 10:52:25 +0000

It seems unfair when a company files chapter 11 they only have to pay back a portion of what they owe to creditors. is this true and how many time can you file bankruptcy until they say you can’t?

Technorati Tags: bankruptcy, chapter 11, company files, creditors