Category:
Bankruptcy

Handing keys to someone who just bought a house

Can You Buy a House After Bankruptcy?

By Max Fay | September 22, 2021

Bankruptcy does not preclude anyone from buying a home, but it will take some serious work to get it done. Buying a home after bankruptcy depends on taking the right…

Whiteboard listing the pros and cons of chapter 7 bankruptcy

Chapter 7 Bankruptcy: Pros & Cons

By Bents Dulcio | September 22, 2021

The first bankruptcy laws date back to 16th century England. Back then, going bankrupt could mean a trip to debtors’ prison or even the gallows. Early bankruptcy laws focused on…

Phone ringing for bankruptcy debt collector

What Is an Automatic Stay?

By Robert Shaw | August 25, 2021

Filing for bankruptcy may or may not offer all consumers the clearest path out of debt but one benefit might just feel like the arrival of the cavalry. Filing for…

Cars parked in driveway

Keeping Your Car After Filing Bankruptcy

By Maureen Milliken | August 12, 2021

Keeping their car is one of the top concerns of people who file for bankruptcy – even more than keeping a house, one study revealed. For most people in financial…

Analyzing credit card bills before filing bankruptcy

Filing Bankruptcy for Credit Card Debt

By Bill Fay | August 11, 2021

Bankruptcy is meant to give consumers drowning in debt a second chance, which a lot of people who overspent heavily using credit cards,  think they need. But if you look…

Dealer handing new car keys to the buyer who recently filed bankruptcy

Buying a Car After Bankruptcy

By Max Fay | August 11, 2021

After the unpleasantness of bankruptcy proceedings is finally over, a sobering question may arise: What if I need to buy a car? There’s good news: It’s possible, especially if the…

Filing cabinet with two bankruptcy folders

Can You File Bankruptcy Twice?

By Pat McManamon | August 6, 2021

A person is fully entitled and permitted to file bankruptcy twice. The only rules on filing twice involve the time between filings, and that depends on several circumstances, among them…

Man filing bankruptcy without his spouse

Can I File for Bankruptcy Without My Spouse?

By Max Fay | August 5, 2021

Though there is room to debate the wisdom of filing for bankruptcy without your spouse, there is no law preventing a husband or wife from doing so. There are several…

Couple discussing how long chapter 7 will take on a calendar

How Long Does Chapter 7 Bankruptcy Take?

By Maureen Milliken | August 5, 2021

A Chapter 7 bankruptcy usually takes about four to six months from filing to final discharge, as long as the person who’s filing has all their ducks in a row.…

Man in suit choosing between chapter 7 and chapter 11 bankruptcy

Chapter 7 vs. Chapter 11 Bankruptcy

By Bill Fay | August 4, 2021

This is the story for anyone who thinks a bankruptcy is a bankruptcy is a bankruptcy. Not so. In fact, bankruptcies are like Nike sneakers: They come in a variety…