What are the main differences between Chapter 7 bankruptcy and Chapter 13 bankruptcy?

The difference between a Chapter 7 bankruptcy and a Chapter 13 bankruptcy are fairly substantial. A Chapter 7 bankruptcy is a complete liquidation of your assets. As soon as you file the bankruptcy petition, your assets are the property of the U.S. Trustees Office. You're allowed a certain amount of money in exceptions and anything other than that is liquidated. In return for liquidating whatever you have, which may Read More

I invested in a construction project that is now behind schedule. Can I get my money back?

If your construction is behind schedule you may be able to get your money back. Generally we have to determine whose fault it is that the project fell behind schedule, and assuming it's no fault of yours, the person or party that fell behind schedule, be it the contractor, subcontractor would very well be in default. It would allow you to either terminate the contract or bring an action for damages, if you've been Read More