Many many years ago, people stigmatized those who did not pay their debts and turned to bankruptcy to solve their financial problems. This stigmatization caused people to be afraid to seek help... more
Chapter 7 debtors are allowed to retain certain assets so long as their equity does not exceed certain values. If the asset does exceed the protected value (called exemptions), the trustee will... more
When I File for Bankruptcy do you send notice to my creditors?
Actually, when you file for bankruptcy neither you nor your attorney send the Notice of Bankruptcy to your creditors. The bankruptcy... more