| Liability of a Bankrupt's Co-signer |
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| Bankruptcy is the legal process by which a debtor who is unable to pay his debts seeks to make a fresh financial start. Through bankruptcy, a debtor can either eliminate his debts or repay his debts. "Liquidation" is the process by which a debtor is rid of many of his debts. "Reorganization" is the process by which a debtor prepares a plan for the repayment of his debts. Federal law, rather than state law, governs bankruptcy proceedings, which take place in United States Bankruptcy Courts.
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| First Meeting of Creditors |
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| Under the Bankruptcy Code, the United States trustee must convene and preside at a meeting of creditors, which is often referred to as the section 341 meeting. This must occur within a reasonable time after the order for relief in a case.More... |
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| Chapter 13 and the Divorced or Separated Debtor |
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| Chapter 13 can help to cushion the financial impact of separation or divorce for one or both of the spouses. When payments on unsecured debts are no longer affordable, they may be stretched out and sometimes partially or even fully discharged.More... |
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| Family Law |
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| Bankruptcy and Family LawMore... |
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| Trustees |
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| A trustee is the representative of the estate in a bankruptcy case and has the capacity to sue and be sued. Trustee is the term used for several different roles in the bankruptcy process. More... |
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