Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Chapter 7 Bankruptcy Forms and other Legal Forms topics.

Contemplating chapter 7 bankruptcy

Chapter 7 Bankruptcy Law

Things one should consider when contemplating filing chapter 7 bankruptcy is whether there is any hope of repaying the debts to creditors, whether or not there are any co-signors to any notes in question, and whether or not there are any eminent court actions involved. Filing a chapter 7 bankruptcy proceeding stays all other legal actions and thus eliminates some stress for the debtor.

Comments

Nobody has commented on this tip yet. Be the first.

Ask a Question

Not finding the advice and tips you need on this Legal Forms Tip Site? Request a Tip Now!

Guru Spotlight

Candi Wingate

Ever wonder how you could make your life better and more fun? So have tens of millions of fans who have turned to LifeTips for answers over the past decade. We keep the tips, advice, books, podcasts and writing services flowing, so you can keep your life and business growing in the right direction. Upward!