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chapter 7 bankruptcy Archives

Raleigh movie theater files for bankruptcy protection

Chapter 7 bankruptcy is available to businesses and consumers alike when they need debt relief. A movie theater in Raleigh recently filed for bankruptcy protection. The movie theater, opened in 1993, was one of Raleigh's first dine-in cinemas which allowed patrons to purchase beer, wine and food to enjoy during their movie. Up until recently when the theater began showing new releases, it only showed second-run movies.

Personal bankruptcy protections can help with the strain of debt

Though the bankruptcy process can be emotionally challenging, struggling with overwhelming debt with no resources to help can cause a great amount of emotional strain as well. Fortunately, personal bankruptcy protections are available to help consumers who are struggling with debt and seeking debt relief.

What is bankruptcy?

This blog talks a lot about bankruptcy but it might be helpful to ask what bankruptcy is. It is certainly important for those struggling with debt to understand what bankruptcy is and how it can help them. For struggling consumers considering bankruptcy, it is also imperative to ensure all their questions about bankruptcy options are answered.

How Chapter 7 bankruptcy helps struggling consumers

Chapter 7 bankruptcy protection, and how to qualify for it, is important for struggling consumers to understand and to be familiar with. Unexpected circumstances can lead to mounting debt in some instances which is why consumer bankruptcy options are available to protect struggling consumers.

Recent personal and commercial bankruptcy filings increase

Personal bankruptcy protections are a valuable resource that can help struggling consumers looking to offload debt and enjoy a fresh financial start. The American Bankruptcy Institute recently reported that bankruptcies increased during the month of August, though year-over-year bankruptcy numbers are down. Both consumer and commercial bankruptcies were up during the month of August. Consumer bankruptcies increase by 4% in August. Commercial bankruptcies increased by 3% in August.

How jewelry and other property is handled during bankruptcy

Knowing what to expect from the bankruptcy process can help calm some of the nerves individuals filing for bankruptcy may have. Personal bankruptcy protection options are an important resource for struggling consumers which is why they should be familiar with how bankruptcy protections work and can help them.

Broad protections against creditor harassment during bankruptcy

One of the most difficult aspects of struggling with overwhelming debt is creditor harassment. This blog recently discussed the automatic stay during bankruptcy that can help provide some relief to struggling consumers and homeowners in North Carolina from creditor harassment but it is important for those seeking debt relief to be familiar with the full range of personal bankruptcy protections available to help them.

A look at the different personal bankruptcy protections

Different bankruptcy options are available for individuals in different situations so it is helpful to take a look at the different options and compare and contrast which is best for the party considering filing for bankruptcy. All personal bankruptcy protections provide certain types of help to filing parties, including a consumer debt relief and an automatic stay, but is helps to be familiar with the benefits and workings of different types of personal bankruptcy.

How Chapter 7 bankruptcy exemptions can help

Chapter 7 bankruptcy exemptions are one of the most important parts of the Chapter 7 personal bankruptcy process to understand. Chapter 7 bankruptcy can help those struggling with overwhelming debt discover the debt relief they need which is why struggling consumers considering filing for Chapter 7 bankruptcy protection should be familiar with how the process works and how it can help them.

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