The “Automatic Stay” for Married Couples in Chapter 7 and Chapter 13
Filing bankruptcy with or without your spouse affects the protection from creditors each of you receives, and also affects whether you file under Chapter 7 or 13.
Filing bankruptcy with or without your spouse affects the protection from creditors each of you receives, and also affects whether you file under Chapter 7 or 13.
Chapter 7 deals with some debts better than does Chapter 13. But Chapter 13 deals with some other debts better than Chapter 7. So what kind of debts do you have?
Chapter 7 often protects you from creditors well enough. But if need be, Chapter 13 protects you longer.
Question #1 for cleaning up financially after a failed business: can the business file a bankruptcy without you? Question #2: should it?