Articles

7 Things to Know Before Closing a Business
Closing a business is a complicated process that requires a lot of careful attention. If you need help with this, it's best to consult an attorney who specializes in this area. If you plan on going at it alone, you must understand what's involved...
By LYMT Content Author

How Does Bankruptcy Protection Work?
If you're having money problems and are considering bankruptcy, you should know what happens in a bankruptcy case. Those with too much debt may find relief through bankruptcy. Bankruptcy filing generally ends collection efforts such as lawsuits...
By LYMT Content Author

How Chapter 13 Works?
Chapter 13 bankruptcy, frequently referred to as a "wage earner's plan", is another kind of "restructuring" bankruptcy. Individuals most commonly utilize chapter 13 bankruptcy rather than businesses. The debtor takes on the responsibility of...
By LYMT Content Author

Pandemic Relief: Common Mistakes to Avoid When Filing for Bankruptcy
If you're like most people, bankruptcy is the absolute last option you want to take if you're in financial turmoil. You're tired of the harassing phone calls, you can't bear to read another letter "attempting to collect a debt," and you're overall...
By LYMT Content Author

What is the process for filing for bankruptcy?
The four most common reasons why people tend to file for bankruptcy are being unemployed, being unable to deal with large medical expenses, having seriously overextended their credit, and having marital problems. Also, you can go bankrupt in two...
By LYMT Content Author

What Are the Types of Bankruptcies?
Bankruptcy is a legal proceeding in which individuals or Or entities are unable to pay their outstanding debts and seek relief. Overseen by federal bankruptcy courts, bankruptcy laws are designed to help individuals and businesses to illuminate...
By LYMT Content Author

What Are the Advantages of Filing Bankruptcy?
There is a solution if you are currently in a difficult financial position. While filing for bankruptcy might seem daunting, as it could potentially impact an individual's finances for years to come, filing may be the best option. Furthermore...
By LYMT Content Author

Common Questions About Chapter 13
If you are experiencing tough financial times but still want to pay your bills, you may want to consider filing a Chapter 13 bankruptcy. It enables you to take more time to pay your creditor. It is helpful to know a few facts about Chapter 13...
By LYMT Content Author

How to Choose a Bankruptcy Attorney
If you are considering filing for bankruptcy, you are probably wondering how to select a good attorney. If you simply put bankruptcy attorney into a Google search, you are likely to get many results. An attorney who is worth hiring will have...
By LYMT Content Author

How Does a Business File for Bankruptcy?
When a business reaches a point where its debts are significantly outweighing its earnings, the owners may need to make a decision about how they will handle these debts, and whether or not it makes sense for the business to carry on with further...
By LYMT Content Author