Pros and Cons of Chapter 13 Bankruptcy Individuals and married couples are eligible to file for Chapter 13 bankruptcy to reorganize their finances under the supervision and approval of the courts. Chapter 13, also known as a “wage earners plan” stipulates that debtors must follow through on a payment plan that pays outstanding creditors in […]
Chapter 7 bankruptcy filings are an option for those facing financial issues. Although the number of bankruptcy filings in South Florida, including business bankruptcies, were down from a year ago despite the government-mandated business closures and the plummeting travel activity some prominent companies like TooJay’s and Cinemex Holdings USA did seek Chapter 11 protection If
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