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V. James Ventura Seasoned Trial Lawyers with about eighty five a long time expertise, aiding purchasers within the regions of felony, relatives and personal harm legislation matters
Even though Chapter 11 bankruptcy is created for businesses, it you can try here can be an choice for some individuals also. When you've got substantial-finish serious house, such as a multimillion-greenback home, that you'd like to protect in the course of the bankruptcy method, Chapter 11 may possibly offer you far more security than Chapter thirteen and could be your only solution to safeguard it.
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The trustee will obtain every month payments from you and distribute them into the creditors, according her response to the repayment plan. You will need to entire the many payments so as to receive a discharge at the end of the bankruptcy.
Filing the petition below chapter 13 “immediately stays” (stops) most collection actions against the debtor or the debtor’s house. Chapter 13 also includes a special “automated keep” provision that safeguards co-debtors.
Bankruptcy data are typically deemed community information in Richmond, that means anybody can obtain the information contained in them.
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The usual objective of Chapter 11 bankruptcy is to put jointly a credit card debt reorganization and repayment program for page businesses and people today with both of those sizeable personal debt and major belongings.