Archives

When consumers file bankruptcy they usually file under Chapter 7 or Chapter 13. Chapter 7 is the most popular, accounting for about 60% of all filings, with Chapter 13 occupying the second place [...]

People often don’t realize that there are more than one choice when filing bankruptcy. The two most common types are Chapters 7 and 13.  Briefly, Chapter 7 is what most people think of when [...]

The objective of every bankruptcy is to receive a discharge. The discharge says that all debts not specifically excepted are discharged, meaning the creditor holding the debt cannot collect. The [...]

For most people bankruptcy is a once-in-a-lifetime thing. In rare instances it becomes necessary to file a second or even a third time. Usually these cases are separated by several years, if not [...]

The Means Test, officially known as the Statement of Current Monthly Income, is a nasty provision added to the Bankruptcy Code in 2005 after predatory credit card issuers convinced Congress that [...]

When a person files bankruptcy, a bankruptcy estate is created. This estate consists of all the property that becomes subject to the control and administration of the bankruptcy trustee. Very [...]

For most individuals, the choices in filing bankruptcy are two: Chapter 7 or Chapter 13. We’ve talked about the differences before. Is it possible that a debtor can’t qualify for [...]

Often the only interaction a debtor has with the whole judicial process called bankruptcy comes at the meeting of creditors, sometimes called a “341 Meeting” because it is held [...]

Ever since the 2005 amendments to the Bankruptcy Code, the phrase “means test” has struck fear in the hearts of bankruptcy attorneys and debtors alike. The words “means [...]

When most people think of bankruptcy they think of a person who is insolvent. “Insolvency” has two definitions for bankruptcy. One is the inability to pay your debts as they become [...]