A summary of a Chapter 13 bankruptcy.
A summary of the Chapter 7 bankruptcy.
A summary of the automatic stay according to the Bankruptcy Code.
A summary of the Means Test according to the Bankruptcy Code.
A summary of what property may be kept after filing bankruptcy.
A summary of how credit is affected by filing bankruptcy.
The actions you take leading up to bankruptcy can drastically affect your journey through the bankruptcy process. You definitely want to pay attention to these eight potential trouble spots. The Credit Card Runup Mistake: The best thing to do is to not use your credit cards once ...
The automatic stay goes into effect immediately upon the filing of a bankruptcy petition by a debtor. The automatic stay prevents creditors from making collection efforts against a debtor, including phone calls, letters, repossession, foreclosure, lawsuits, garnishments, and levi...
Making a decision to file for bankruptcy should not be done lightly. You must sit down and carefully go through all of your options, debts, payback periods, and amounts. If you can pay off your debts in a reasonable time, it is often to your advantage to just deal with it for ano...
There are several ways to reduce your living expenses, that when you add them up, could free up cash to pay down your debt. Here are some examples of areas that could possibly use a closer look at their costs: Food: Try packing a lunch and reducing the number of times you go out ...