Get timely intelligence & data about leading companies filing for bankruptcy, insolvency, & liquidation. Subscribe to Intellizence & monitor adverse /negative news. Platform. NEWS SIGNALS. Company Intelligence ... Chapter 7: Massachusetts: April 2025: Deets Mechanical: USA: Engineering: USA: Chapter 7: Pennsylvania Western: April 2025: Michigan ...
Chapter 7. When filing for Chapter 7 bankruptcy, the debtor will be asked by the court to turn over all the nonexempt assets. Exempt assets are things that are protected so they can be kept. Property that is used to support the household, such as a car, furniture, or clothing, is exempt. Property that is commonly used for personal pleasure ...
B 122A-2 Chapter 7 Means Test Calculation (not always used) You'll also include a list of your creditors' names and addresses. Check the local rules on your court's website for format requirements. Most Chapter 7 filers don't use these forms, but they're needed on occasion. For instance, we list the bankruptcy forms you'll use to request a fee ...
Chapter 7 bankruptcy is a “second chance” to regain control of your finances by having most of your unsecured debt, including credit card debt, medical bills, and personal loans, legally discharged by a bankruptcy court. In virtually all cases, however, it does not discharge student loans, tax debt, alimony, or child support.
Fees The U.S. courts publishes a list of fees that are charged for services provided by a specific court. ... Business and Nonbusiness Cases Filed, by Chapter of the Bankruptcy Code, District, and County: F-5A : December 31, 2024 : Bankruptcy Filings: Download pdf, 2.15 MB ...
The three types of bankruptcy you are likely most familiar with are Chapter 7, Chapter 13 and Chapter 11. Chapters 7 and 13 are the most common for personal bankruptcy. Chapter 7 offers a chance to liquidate many of your assets to pay off unsecured debt, with the remainder of the debt forgiven.
Alternatives to Chapter 7Debtors should be aware that there are several alternatives to chapter 7 relief. For example, debtors who are engaged in business, including corporations, partnerships, and sole proprietorships, may prefer to remain in business and avoid liquidation. Such debtors should consider filing a petition under chapter 11 of the Bankruptcy Code.
Chapter 7 Bankruptcy Means Test Forms. 122A-1Supp Statement of Exemption from Presumption of Abuse (use if you qualify for a means test exception) 122A-2 Chapter 7 Means Test Calculation (use if your gross income exceeds the allowed amount) Local Chapter 7 Bankruptcy Forms. We don't list the local forms your local bankruptcy court could require ...
List of Chapter 7 Bankruptcies: A Comprehensive Overview Introduction: A list of Chapter 7 bankruptcies is a compilation of individuals and businesses that have filed for bankruptcy under Chapter 7 of the United States Bankruptcy Code. This chapter primarily pertains to liquidation bankruptcy for debtors, whether they are individuals or ...
Before filing for bankruptcy, you'll want to know which debts are forgiven in a bankruptcy action. For instance, Chapter 7 bankruptcy covers or "discharges" credit card balances, medical bills, past-due rent payments, payday loans, overdue cellphone and utility bills, car loan balances, and even home mortgages in as little as four months. However, not all obligations go away in Chapter 7.
What Is Chapter 7 Bankruptcy? Chapter 7 bankruptcy provides debt relief to people struggling to get ahead financially. It quickly improves many lives by eliminating debts like unpaid credit card balances, medical bills, rent and utility payments, gym memberships and other fees, and payday loans. One of the primary benefits of Chapter 7 is that filers don't repay creditors.
Chapter 7 bankruptcy erases most unsecured debts, that is, debts without collateral, like medical bills, credit card debt and personal loans. However, some forms of debt, such as back taxes, court ...
Notice of Chapter 7 Bankruptcy Case – Proof of Claim Deadline Set (For Corporations or Partnerships) Meeting of Creditors Notices : B 309E1 : Notice of Chapter 11 Bankruptcy Case (For Individuals or Joint Debtors) Meeting of Creditors Notices : B 309E2 : Notice of Chapter 11 Bankruptcy Case (For Individuals or Joint Debtors under Subchapter V
Liquidation: Chapter 7 Reorganization: Chapters 11, 13, 9, 12, and 15 Detailed Breakdown of Bankruptcy Chapters Chapter 7 Bankruptcy: Liquidation Chapter 7 is the most common type of bankruptcy for individuals and small businesses without the means to repay debts. In this process, a trustee sells non-exempt assets to repay creditors.
Filing for Chapter 7 bankruptcy comes with a $338 court filing fee, but if your household income is less than 150% of the federal poverty guidelines, you can request a waiver using Official Form 103B, the Application to Have the Chapter 7 Filing Fee Waived. You’ll need to submit this form along with your bankruptcy paperwork to the court.
Chapter 7 and Chapter 13 bankruptcy laws require you to take a credit counseling course within 180 days (6 months) before filing a bankruptcy petition. You’ll get a credit counseling certificate that expires in 180 days, and it must be filed within 14 days of filing your bankruptcy petition.
The craft brewery revealed in 2024 that it would close and move a taproom, but never revealed a new location.
So, with 17 locations throughout Chicago, Minneapolis, and Washington, D.C., Rōti Modern Mediterranean filed Chapter 11 bankruptcy in August 2024 with the stated intent of finding a new owner.
Companies that filed for Chapter 7 bankruptcy in 2024 (18 P) Companies that filed for Chapter 7 bankruptcy in 2025 (1 P) This page was last edited on 14 May 2023, at 22:28 (UTC). Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional ...
