Filing Bankruptcy Online

With the rapid growth and advancements in the field of Internet technology, now it has become possible for you to file for bankruptcy online. Filing bankruptcy online is very easy as all you have to do is just to go to a specific website, pay a certain amount to access the PACER – the federal database provided by the bankruptcy court, fill the online forms, and submit the same.

Claim In Bankruptcy

Claim in bankruptcy is the document that the creditors file to recoup the debts that is due to the debtor that has been declared as bankrupt. There are certain steps and a specific procedure that is followed to distribute the assets of the bankruptcy estate among the creditors in order to settle their claim.

Chapter 11 Bankruptcy: Understanding The Basics

Chapter 11 bankruptcy is also known as corporate bankruptcy. When the financial position of corporation gets out of control with no hope for any improvement, they have the option to file court petition for bankruptcy under chapter 11 of the bankruptcy laws.