LegalFix
Insurance · Texas, United States · 11-50 Employees
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Overview
Headquarters
3839 McKinney Ave Ste 155-733, Dallas, T...Website
www.legalfix.comRevenue
<$5 MillionIndustry
About LegalFix
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LegalFix News & Media
Chapter 7 bankruptcy—changing trustee - LegalFix
The United States Bankruptcy Trustee appoints an interim trustee upon the filing of a chapter 7 case. Unless the creditors exercise their right to elect a different permanent trustee at the Section 341(a) meeting of creditors, the interim trustee automatically becomes the permanent trustee. Then the permanent trustee serves as trustee until the case is closed. You generally can not request a different trustee—except in the rare situation in which you have a previousChapter 13 bankruptcy—eligibility - LegalFix
Any individual, even if self-employed or operating an unincorporated business, is eligible for chapter 13 relief as long as the individual's unsecured debts are less than $394,725 and secured debts are less than $1,184,200. These amounts are adjusted periodically to reflect changes in the consumer price index. A corporation or partnership may not be a chapter 13 debtor.involuntary bankruptcy - LegalFix
The bankruptcy process is designed to help creditors (persons or entities who are owed money) as well as debtors (persons or entities who owe money). And one of the powers given to creditors under bankruptcy law is the power to force a debtor into bankruptcy against the debtor’s wishes—known as involuntary bankruptcy. Involuntary bankruptcy usually involves a group of creditors filing a bankruptcy on behalf of a debtor—usually a business—where the creditors believeChapter 13 bankruptcy—repayment plan - LegalFix
Unless the court grants an extension, the debtor must file a repayment plan with the petition or within 14 days after the petition is filed. A plan must be submitted for court approval and must provide for payments of fixed amounts to the trustee on a regular basis, typically biweekly or monthly. The trustee then distributes the funds to creditors according to the terms of the plan, which may offer creditors less than full
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Frequently Asked Questions Regarding LegalFix
LegalFix offers affordable legal insurance plans as an employee or membership benefit for individuals, families, small businesses, nonprofits, employers, employee benefits brokers, PEOs, credit unions, and membership groups. Their legal insurance plans provide personal legal services, including consultation with attorneys, preparation of legal docu... Read More