In the 1990s, the state began to experiment with awarding and managing construction contracts using the design-build system. Figure 1 summarizes the various legislation authorizing state and local entities to use design-build under specified circumstances.
A low payment means you're more likely to be able to demonstrate to the court that you have the capability to make such a payment, which means it's more likely you'll be granted Chapter 13 bankruptcy, which means you'll keep your house.
The chance to pay down your debt keeps you in control of your finances and away from having to file for bankruptcy. 2. Sell your property. In a Chapter 7 case--total bankruptcy--your property is put up for review by a trustee, who makes the decision on what to sell or liquidate so your claim can be settled.You can avoid this altogether by being proactive and selling some of your belongings before bankruptcy becomes an option.nd if you're in financial trouble, filing for Chapter 7 doesn't have to be your first, or your last choice. There are a few preventive measures and last-ditch moves you can take to avoid bankruptcy and get back in the black ... hopefully, for good. 1. Settle/negotiate your debts.