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February 27, 2010
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Federal & State Bankruptcy Laws
 


Bankruptcy law provides for the development of a plan that allows a debtor, who is unable to pay his creditors, to resolve his debts through the division of his assets among his creditors. The following is list of laws related to Bankruptcy:

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Did You Know?    
 
 
Can Co-Signers Be Protected
If you file Chapter 7 bankruptcy, the creditor can proceed against your co-signers, according to the terms of the debt agreement. However, if you file a Chapter 13 debt adjustment, a co-signer is protected if the following conditions are met. The debt must be a consumer debt. Also, the debt may not be incurred in the ordinary course of business, and the co-signer cannot benefit from the proceeds of the debt.
 


  Newsroom  
 


News about Bankruptcy in Hartford and nationwide:

SEC Charges Scott D. Sullivan, WorldCom’s Former Chief Financial Officer, with Engaging in Multi-Billion Dollar Financial Fraud
Sullivan Consents to Anti-Fraud Injunction, Permanent Bar from Serving as an Officer and Director of a Public Company, and Pe...
Read more >

Civil Enforcement Coordinators Appointed For U.S. Trustee Program
WASHINGTON, D.C.-Antonia Darling and Mark Redmiles have been appointed Civil Enforcement Co-Coordinators for the U.S. Trustee Program, it was annou...
Read more >

U.S. Trustee Program Launches Bankruptcy Civil Enforcement Initiative
WASHINGTON, D.C. The United States Trustee Program has launched an initiative to more aggressively use existing civil enforcement methods to curb a...
Read more >

More Bankruptcy News >

  
 

Bankruptcy Terms

 


Today's Terms

Voluntary bankruptcy

Definition:
Bankruptcy filed by the debtor itself; data from the U.S. Administrative Office of the Courts subdivides bankruptcies into voluntary and involuntary.

Liquidation value

Definition:
The aggregate value of a business if its assets are sold piecemeal.

Asset

Definition:
An economic resource or item owned by a business that is expected to benefit its future operations.

More Bankruptcy Terms >

Bankruptcy Resources
 


Search Bankruptcy resources in our resource center:

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Bankruptcy Hot Topics
 
Topics Related to Bankruptcy:

  • Chapter 7
  • Chapter 13
  • Chapter 11
  • Chapter 12
  • Chapter 9

More Bankruptcy Topics >

Hartford Bankruptcy Attorney
 
If you live in the following cities and need a Bankruptcy attorney you should contact our Bankruptcy Attorney as soon as possible:

  • Branford
  • Bridgeport
  • Bristol
  • Cheshire
  • Danbury
  • East Hartford
  • East Haven
  • Enfield
  • Fairfield
  • Glastonbury
  • Greenwich
  • Groton
  • Guilford
  • Hamden
  • Hartford
  • Manchester
  • Meriden
  • Middletown
  • Milford
  • Naugatuck
  • New Britain
  • New Haven
  • New London
  • New Milford
  • Newington
  • North Haven
  • Norwalk
  • Norwich
  • Ridgefield
  • Shelton
  • South Windsor
  • Southington
  • Stamford
  • Stratford
  • Torrington
  • Trumbull
  • Vernon Rockville
  • Wallingford
  • Waterbury
  • West Haven
  • Westport
  • Wethersfield
  • Windsor
 


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