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According to irs.gov, Liquidation under Chapter 7 is a common form of bankruptcy. It is available to individuals who cannot make regular, monthly, payments toward their debts. Businesses choosing to terminate their enterprises may also file Chapter 7. Chapter 7 provides relief to debtors regardless of the amount of debts owed or whether a debtor is solvent or insolvent. A Chapter 7 Trustee is appointed to convert the debtor’s assets into cash for distribution among creditors.
What is the difference Chapter 7 and 11?
Phone : 707-242-1625
Fax : 515-724-6112
Email : [email protected]
According to California Courts, Bankruptcy is a legal process to help debtors (people who owe money) get relief from the debts they cannot pay and, at the same time, help creditors (people who are owed money) get paid from whatever property or assets the debtor has that he or she does not need to live. Deciding to file for bankruptcy is a very tough decision. You may be feeling overwhelmed and bankruptcy seems like the only option. But think about the decision carefully because it can really affect you for a long time. Also, bankruptcy does not remove all debt, and there are certain types of debt that cannot be discharged (eliminated) in bankruptcy.
Chapter 7 – Bankruptcy Filing Document Help, in Walnut Creek CA, Concord CA
Phone : 707-242-1625
We will prepare; complete and record your deed for you. Our $200.00 fee includes notarization and recording fees.
Legal Document Professionals & Notary Service is committed to providing you timely & cost effective solutions in the areas of:
*A $100-150.00 fee applies to any rush service
-We prepare and file all documents from initial petition to petition for distribution for a flat $5000. This includes all newspaper publication and mailing expenses. Payment is upfront and we do prorate if you have already begun the process.
-Includes preparation of a demand letter and complaint. This also includes mailing of demand letter and filing of complaint and proof of service for $150.00. Does not include filing fees or process of service