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Declaring bankruptcy is a last resort to solving financial problems.
Chapter 7 bankruptcy is designed to relieve you of unsecured debts, such as medical expenses. There is no rule that requires you to use a lawyer to file a petition. You can do the filing yourself, which is called "pro se," but we recommend that you do your research first. A pro se filing makes more [.]
Fast-fashion chain Forever 21 is considering closing eight Illinois stores after filing for Chapter 11 bankruptcy protection.
Forever 21 Inc. filed for bankruptcy protection, adding another big fashion merchant to the tally of retailers who couldn’t.
The exact amount the Sackler family received from Purdue Pharma hasn’t been determined, but the latest bankruptcy court.
· The Chapter 7 bankruptcy process involves (1) completing bankruptcy forms, (2) filing them with the bankruptcy court, and (3) attending a “341 Meeting” with the official overseeing your case. That meeting is in person. But completing your forms and filing them can be done online.
(AP photo/Andy Wong) The privately held company based in Los Angeles said Sunday it will close up to 178 stores in the United.
Forever 21 just filed for Chapter 11 bankruptcy protection. But for much of the 2000s, it appeared unstoppable.
· Whether you’re filing bankruptcy in Ohio or another part of the country, the basics of Chapter 7 bankruptcy are very similar. In exchange for the forgiveness of the vast majority of your debts, including the discharge of all of your unsecured debts, you agree to put your assets temporarily under the control of the bankruptcy court.
Filing for bankruptcy is a very complicated process and is rarely successful without the help of an attorney. free legal services are available for those who cannot afford an attorney. For help finding an attorney, contact the American Bar Association or the Legal Services Corporation..
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Those declaring bankruptcy may lose property to the bankruptcy trustee. The point of filing for bankruptcy is to have the court step in and decide how much debt you can afford to pay off, and how much should be forgiven. If you own property with significant value, such as a luxury car, you may be forced to sell it to pay off some debt.