Category:
Bankruptcy
For those seeking a fresh financial start, Chapter 7 bankruptcy has plenty of upsides. It’s the cleanest, most straightforward, least time-consuming, and least expensive of the various bankruptcy options. The…
When people get married, they often vow to take each other through thick and thin. Bankruptcy can get pretty thick for a husband and wife. Bankruptcy is when a person…
The “fresh start” that Chapter 7 bankruptcy promises people who have more debt than they can pay, is not guaranteed. Chapter 7 bankruptcy may be denied, possibly for reasons that…
Choosing to declare personal bankruptcy can be among the most difficult decisions ever to confront an individual. Tougher still: Having to pick, under unmatched duress, which type of bankruptcy best…
A Chapter 13 bankruptcy filing is a debt reorganization plan that offers a path to solvency for people in financial crisis and something else almost as appreciated – a respite…
A bankruptcy discharge is the legal holy grail for anyone who files for bankruptcy. A discharge means there’s a court order in the bankrupt’s case that erases all qualifying debts.…
The end game in filing Chapter 13 bankruptcy is a discharge order signed by a judge that releases the debtor of all qualifying debts and prohibits creditors from attempting to…
A bankruptcy trustee oversees a bankruptcy filing and plays a major role in determining if a case goes forward. Trustees are appointed by the bankruptcy judge to look for assets…
You’ve probably heard that filing bankruptcy has major drawbacks, which it does. Filing can cause a significant drop in your credit scores and make it more difficult to get approved…
If you have so much debt that you’re considering filing a Chapter 7 bankruptcy, you have enough debt to qualify. The U.S. bankruptcy code doesn’t specify a minimum dollar amount…