Posted On:
June 4, 2010
A San Jose bankruptcy attorney offers 3 things to remember about Chapter 9 Bankruptcy:
1. Chapter 9 bankruptcy of the United States Bankruptcy Code applies to municipalities such as cities,
school districts, hospital districts, and others. Municipalities are state Government entities.
2. Some states do not permit Chapter 9 filings without authorization. This involves enacting a specific statute.
3. Chapter 9 Bankruptcy invloves a repayment plan wherein the municipality and its creditors agree to a re-negotiated payment of debts over an extended period of time.
If you have a question regarding Bankruptcy in San Jose please contact us at 408.279.2288 or visit www.bkanswers.com and we can connect you with one of our experienced San Jose Bankruptcy Attorneys. After you have spoken with one of our San Jose bankruptcy attorneys we can schedule you a free face to face appointment in our office location nearest you. Our team of San Jose Bankruptcy Lawyers can assist you with all aspects of your case. If you have questions about filing a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, lien stripping, cram down, stopping a foreclosure or wage garnishment, discharging debt, etc. we can help! We have bankruptcy attorneys located throughout California who can assist your financial needs. Please feel free to complete our free bankruptcy evaluation and we can quickly determine if you are a qualified candidate for bankruptcy.
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