recent tax debt – Geunim

Navigating US Insolvency: Chapter 7, 13, and the Fresh Start

Article Summary: The Path to Debt Discharge Insolvency, commonly addressed through bankruptcy in the U.S., provides individuals and businesses with a legal opportunity to restructure or eliminate overwhelming debt. This post breaks down the core differences between the major bankruptcy chapters—Chapter 7 (Liquidation) and Chapter 13 (Reorganization)—to help you understand the process, eligibility requirements, and […]

Alimony, assets, Automatic stay, bankruptcy, Bankruptcy trustee, Chapter 11, Chapter 12, Chapter 13, Chapter 7, Chapter 9, creditor protection, Debt discharge, Debt relief, family farmer, foreclosures, including a home, including lawsuits, Liquidation, Means test, recent tax debt, Reorganization, repayment plan, Secured debt, such as cities, towns, Unsecured debt, wage garnishments