When you file a Chapter 7 Bankruptcy, you must disclose certain details about your financial history. One of those details is if you have received...

I am out of unemployment. what can the credit card companies do to me

They can sue you. If this happens, answer the lawsuit. A lot of the time, they will give up on the case once your answer it. If you ignore it,...

If we only have business debt, but we owe more on our mortgage than we have in business debt, can we file chapter 7?

You should be able to file a Chapter 7 even if your business debt is more than your personal debt. Is the business still running? Is the business...

I am looking into filing for Chapter 7 Bankruptcy. Would my parents be considered a 'creditor' if I regularly give them money?

No. Your parents are not a creditor. It is very common for people to help family members on a monthly basis. However, if the amount is a lot, it...

Will credit report reflect foreclosure after default after Chap 7 discharge?

Your mortgages will still show as included in the bankruptcy, but there might be a notation of a foreclosure on there also. Unfortunately they are...

Does it make a difference to file divorce or bankruptcy first

If you can stay together a little longer, it is better to file Bankruptcy first, clear away all the debts, and then file for divorce afterwards. ...

Husband and wife have different accounts.can we bankrupt together

Yes. Husband and Wife can always file Bankruptcy together. Whether you are talking about credit accounts or bank accounts, the answer to your...

Advantage of bankruptcy vs shortsale and vice versa

It is very hard to do short sales right now. But, if you can get the banks to do a short sale, AND make them promise not to hold you responsible...

How do I properly answer a summons for a credit card debt?

There is not a generic form. However, the most important thing you do is to simply file some kind of an answer! Just by answering the lawsuit,...

My husband and I are separated and selling our house.He plans to file for bankruptcy.

You should hope your husband files for Chapter 7!!!! If your husband does not pay his credit card bills, they will eventually sue him, get...