About nirmal

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So far nirmal has created 5 blog entries.

Bankruptcy Plus An Automatic Stay Equals Relief

2021-09-13T05:14:42+00:00August 13th, 2021|

The automatic stay is a court order that the court implements as soon as you file for bankruptcy. This stops your creditors from asking you for payments during the duration of your case. You will have to provide your attorney [...]

Chapter 13 Bankruptcy

2021-09-12T21:37:29+00:00June 10th, 2021|

What is Chapter 13 Bankruptcy? A chapter 13 bankruptcy allows people with a regular income to repay all or part of their debts. The debtors propose a plan to pay their creditors in installments over three to five years. Advantages [...]

Chapter 7 Bankruptcy

2021-09-13T05:05:48+00:00June 3rd, 2021|

What is chapter 7 bankruptcy? In a chapter 7 bankruptcy case, the bankruptcy trustee gathers and then sells the debtor's nonexempt assets and proceeds to pay the creditors following the Bankruptcy Code. Some portions of the debtor's property may be [...]

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