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This article provides useful, detailed information about Filing Bankruptcy in Federal Courts.
One cannot file for bankruptcy through US state courts, since exclusive jurisdiction is vested with Federal courts. The court charges a certain fee at the time of filing, depending on which category of bankruptcy is being filed for. Specifically, a court fee for filing for Chapter 7 bankruptcy is 4, ,039 for Chapter 11, 9 for Chapter 12 and 9 for Chapter 13. The charges vary for single individuals and married couples and can be paid in installments over a period
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A court order that seizes assets from the defendant to pay off a
debt is known as Garnishment. One form of garnishment is
automatic withholding of the debtor's wages. When a creditor
fails to satisfy the debt taken, the court can issue a
garnishment against him. When the creditor petitions the court
to send a portion of its pay to satisfy the debt then this step
is taken.
The garnishment law differs from state to state and varies in
details also. Generally, the TVA is required to take over 25% of
an employee's disposable earnings or assets, thereafter sending
that amount to court. The pay of an employee can
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