January 29, 2010
From the beginning of America’s recent recession through the present day, there has been a lot of talk about debt and bankruptcy. Since it is perhaps the clearest way for debtors to get a clean slate and get on with their lives, there is a lot of Chapter 7 bankruptcy information that is helpful to know. Anyone in serious financial trouble, however, should definitely consider seeing a lawyer that specializes in bankruptcy law. That being said, what does Chapter 7 bankruptcy mean for debtors and who can apply for it?
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January 23, 2010
Failing to add a certain creditor to a bankruptcy petition is a fairly common occurrence. The key is understanding what steps you need to take following the omission. This really depends on each situation and how far along you are in the process. For folks that have filed for bankruptcy under Chap 13, you’ll want to let your bankruptcy lawyer know so they can cure the defect with an amended filing. People that have made this mistake under a Chap 7 filing who have not yet gone through a 341 hearing can also have their bankruptcy attorney fix the filing to add the omitted creditor.
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