Bankruptcy Exemptions
Sep 26, 2013
About a month after filing a bankruptcy petition, a debtor, or debtors if it is a joint petition, are required to appear at a meeting or hearing at the courthouse. The meeting is called a Meeting of Cr...
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Bankruptcy Discharge
Sep 26, 2013
The reason debtors file a bankruptcy proceeding is because they desire the protection of the bankruptcy discharge that will be issued by the federal bankruptcy judge at the close of successful bankrupt...
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Players in Bankruptcy
Sep 26, 2013
Bankruptcy judges are Part of the federal judicial system and are the the objective decision-makers that hear evidence on factual matters, and apply the laws and statutes on legal matters to the bankru...
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Eligibility to File Bankruptcy
Sep 26, 2013
Not everyone is eligible to file for bankruptcy. You cannot file a Chapter 7 bankruptcy and receive a discharge in that proceeding if you filed a previous bankruptcy proceeding that resulted in a disch...
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Automatic Stay
Sep 26, 2013
One of the great benefits of filing for bankruptcy is the imposition of an Automatic Stay against all creditors actions by a federal bankruptcy judge. The Automatic Stay issued by the court specificall...
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Chapter 13 Bankruptcy
Sep 26, 2013
Chapter 13 bankruptcy is a repayment plan based upon a familys disposable income after they have taken care of their most basic living expenses. Chapter 13 is usually extend over a period of somewhere ...
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Chapter 7 Bankruptcy
Sep 26, 2013
Chapter 7 Bankruptcy is a liquidation proceeding whereby the United States Trustee appoints a case trustee to assert control over any nonexempt assets of the debtor in order that the assets may be sold...
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General Bankruptcy
Sep 26, 2013
Bankruptcy is a federal law that allows honest but unfortunate debtors to obtain a fresh financial start, free from the oppression of past financial mistakes, by filing a petition with the Federal Bank...
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