Income is one of the biggest factors in determining whether you can file for Chapter 7 or Chapter 13 bankruptcy. Chapter 7 will clear most or all of your debts if you don’t have a reasonable income to pay off your debts even under a payment plan. Chapter 13 will reorganize your debts into an [...]
As was widely reported previously, CIT Group has filed under Chapter 11 bankruptcy. It’s of interest to the U.S. economy because hundreds of thousands of small businesses all across the nation rely on this company for financing. A quick and effective resolution to the bankruptcy is in the best interest of everyone involved. Luckily that [...]
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