When individuals file for bankruptcy, they often are unsure how long they will have to repay their debts. In some cases, their debts will be discharged, and they will not be forced to repay these debts.
For debts that individuals are required to pay, they typically have between 36 and 60 months to repay their debts. The length of time for debt repayment usually depends on the type of bankruptcy filing.
If you or anyone has considered filing for bankruptcy, contact the New Orleans bankruptcy attorneys of Kervin & Young, LLC, at 504-599-5906.
The owner of New Orleans-area shopping malls Oakwood Mall and Rivercenter Mall is working to exit it’s Chapter 11 bankruptcy and is considering buyout offers within the next four months. Because the malls are not under-performing, they may be an attractive investment for an investor that can afford to purchase them and successfully manage them.
Bankruptcy proceedings can be a difficult process if you do not have experienced representation on your side. For help with a Chapter 7, Chapter 11, or Chapter 13 bankruptcy filing, contact the New Orleans bankruptcy lawyers of Kervin Young at 504-599-5906 today.
Tropicana Entertainment Inc. successfully emerged from bankruptcy earlier this week. According to a company press release, the company underwent the Chapter 11 reorganization process.
The reorganization plan included eliminating about $2.5 billion of debt and renewing its gaming license in five states. The bankruptcy filing was the result of the poor commercial credit market and other factors related to the recent recession.
If your company is considering filing for Chapter 11 bankruptcy, contact the New Orleans Chapter 11 bankruptcy attorneys of Kervin & Young, LLC, at 504-599-5906.
When individuals file for bankruptcy, they often receive immediate relief from certain types of hardships. These hardships can include excessive debts and harassing phone calls from creditors.
The bankruptcy filing will also stop car dealerships from repossessing their vehicle and stopping banks from foreclosing on their homes. In many cases, a filing will put a halt on any wage garnishments.
If you have questions about filing for bankruptcy, contact the New Orleans bankruptcy attorneys of New Orleans bankruptcy attorneys of Kervin & Young, LLC, at 504-599-5906.
