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Advantages Of Chapter 7 Bankruptcy Filing

Chapter 7 bankruptcy accounts for more than half of consumer bankruptcies filed in the U.S. today. Also called a straight or total bankruptcy, it is the only form of bankruptcy that allows the discharge of debt almost immediately after filing. But it’s no... Read >

What Can Go Wrong In A Chapter 7 Bankruptcy?

Chapter 7 may be the most direct way out of excessive debt, but that doesn’t mean it can work for everyone. Every debtor is different, and one never knows when something will come up and complicate the filing. Often, even cases that seem straightforward c... Read >

Bankruptcy Filing Terms And What They Mean

Like any other branch of the law, bankruptcy law is rife with legal terms and jargon. As a debtor, you’ll be faced with more than a few of these terms—and while your bankruptcy lawyer can explain a few things, it’s important to understand them yourself as... Read >

How a Chapter 13 Bankruptcy Lawyer Can Help You

In a Chapter 13 bankruptcy, you get all your debts rearranged into a repayment plan that’s more in line with your paying capacity. That is why it’s also called a reorganization bankruptcy. Chapter 13 bankruptcy is a popular recourse for people who are dee... Read >

Getting a Credit Card after Bankruptcy

Obtaining credit after bankruptcy isn’t just possible—it’s actually good for you. You don’t build your credit history by avoiding credit, so you can’t expect your score to go anywhere if you don’t get back into the game. You may not get the best rates at ... Read >

What Happens After Filing Bankruptcy

Planning for a bankruptcy filing is crucial, but so is preparing for what comes afterwards. Filing bankruptcy will have implications long after you’ve been discharged, and it’s only practical to know what they are and how to deal with them. Most of the ti... Read >

Debt Relief Options Chapter 7 and Chapter 13 Bankruptcy

When faced with excessive debt, most people turn to bankruptcy as a way to shield themselves from creditors. Although generally designed as a last resort, bankruptcy has drawn more interest these past two years as the recession pushed consumers into tight... Read >

4 Facts about Bankruptcy Filing

The process for filing bankruptcy isn’t simple, nor is it made to be particularly user-friendly. That’s why your best weapon in a bankruptcy filing—besides a good bankruptcy lawyer—is to know as much about the system as you can before making your petition... Read >

Filing Chapter 7 Bankruptcy by Yourself

Hundreds of thousands of people are reported as filing chapter 7 bankruptcy every year in the United States. Unfortunately, in this recession, the number of consumers filing chapter 7 bankruptcy has risen more and faster than ever before. If you are one o... Read >

Can Bankruptcy Save a Failed Loan Modification

Most people opt for loan modification to save their homes and avoid more drastic options such as filing for bankruptcy. But with the growing number of homeowners seeking help from their lenders, it’s inevitable that loan modifications sometimes fail. In t... Read >