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Chapter 7 and Chapter 13 Bankruptcy Filing
People experience economic hardship for a variety of reasons: divorce, medical care, unemployment / underemployment, loss of a business, family obligations, and so on. The bankruptcy laws were enacted to protect everyone because no one is immune from life’s unexpected unfortunate circumstances.
When a plaintiff in a personal injury or medical malpractice case needs to file for bankruptcy, usually a chapter 7, this has specific consequences for the posture of the personal injury or medical malpractice case. In this article we explore what happens in this situation, and what the plaintiff’s attorney needs to know in order to bring that action to a successful conclusion.
Join us for a free online seminar as we discuss debt and bankruptcy with a Money Coach and Bankruptcy Attorney. When are finances are not exactly where we would like them to be they can bring stress, guilt and shame into our lives. We will be talking all things debt and bankruptcy.
People experience financial hardship for a variety of reasons. These days are especially difficult for the average person due to the worldwide pandemic caused by the corona virus, also known as COVID 19.
Chapter 13 allows a debtor to keep property and pay debts over time, usually three to five years.
Chapter 7 of the United States Bankruptcy Code provides for “liquidation” – the sale of a debtor’s nonexempt property and the distribution of the proceeds to creditors.
There are many different injuries that can result from a car accident. Serious injuries might become permanent and result in physical disability. If you are a victim in a motor vehicle accident, you may suffer property damage, lost wages, pain and suffering, cost for medical treatment, and losses as a result of disability.
The bankruptcy laws were enacted to protect everyone because no one is immune from life’s unexpected unfortunate circumstances. The Law Offices of Rachel Kaylie assists clients for all types of personal bankruptcy (Chapter 7 and Chapter 13).