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What happens to the employees of Chesapeake Energy after filing bankruptcy?
Updated on: 21st Jul, 2020

What happens to the employees of Chesapeake Energy after filing bankruptcy? Chesapeake Energy has filed Chapter 11 bankruptcy (also known as business bankruptcy) in the last week of June 2020 after incurring a gigantic loss of $8.3 billion in the first 3 months of 2020. Why did Chesapeake file C...

How bankruptcy treats Priority debts?
Updated on: 26th May, 2020

Debts are debts. No matter who owes whom, one needs to pay them off to regain peace of mind. Well, some debts are marked as ‘priority’. Do you want to know why? Let’s find out. Why debts are termed as ‘priority’? ‘Priority debt’ is more like a jargon, a term that has cropped up due t...

Filed multiple bankruptcies? This is what happens to automatic stay
Updated on: 15th Apr, 2020

The US bankruptcy code offers a series of statutes to bankruptcy filers as a means of protection from creditors. Among the various statutes, the 2 most important ones are bankruptcy discharge, and automatic stay. In this post, we will discuss the essential characteristics of the second one, which i...

Here are the 4 money mistakes pushing seniors toward bankruptcy
Updated on: 28th Feb, 2020

More and more seniors are filing bankruptcy nowadays due to various socio-economic reasons like expensive medical expenses, social security payments, and huge unsecured debts. .If you look at the numbers, you’ll find that the average age of 1 in 8 bankruptcy filers, during the period between 2013 ...

Does bankruptcy protect both the creditors and debtors?
Updated on: 6th Feb, 2020

Many people are in credit card debt, medical debt, and student loan debt.Now, it’s very common to find yourself in heavy debt, which is beyond your control. Under such circumstances, you can consolidate your debt or go for a debt settlement program to lessen your debt burden.But, if you can't affo...

Can you apply for credit cards after filing bankruptcy?
Updated on: 24th Jan, 2020

Life doesn’t end after filing bankruptcy. But yes, a few restrictions are definitely imposed on your financial life. Does that mean you can’t apply for credit cards after bankruptcy? It isn’t that you can’t apply for credit cards after bankruptcy. It’s just that you may not qualify for the...

Will your immigration be affected by Bankruptcy?
Updated on: 14th Jan, 2020

Bankruptcy does, obviously, bring up a question of moral behavior and character. The thought is still very much prevalent, that if a person has filed for bankruptcy, then some ill habits must be the sole reason for the debtor to cross the boundaries of expenses!In fact, it’s not that bad a thou...

Can my landlord evict me if I file bankruptcy?
Updated on: 21st Nov, 2019

A large number of people think that if they file bankruptcy, their landlord can evict them. This fear is common, but in reality, the automatic stay protection stops any sort of collection attempts and provide protection from eviction as well.Here are some important facts that you should know about e...

Is it possible to file bankruptcy online? How to do it
Updated on: 30th Sep, 2019

Thanks to the Internet boom, almost everything can be done online. Now, the question is, can you file bankruptcy online? The honest answer is, you can file bankruptcy online. But it is far more complex than ordering food online. Plus, it’s quite expensive too especially if you give the wrong inf...

Can a minor file bankruptcy or get affected by it?
Updated on: 1st Nov, 2018

Can a minor file bankruptcy? Well, there is no age bar for filing bankruptcy. But you have to live in a jurisdiction for a long time to get the approval for filing bankruptcy. But, in most states in America, a bankruptcy filer should be of legal age i.e., 18-20 at the time of filing. However, ...

Last Updated on: 16 Apr 2018