Archives

Sometimes only one spouse has the bulk of the debt. Perhaps a business owned by one spouse failed and that spouse wants to file bankruptcy, but for whatever reason, the other spouse doesn’t want [...]

In Chapter 13 a debtor makes monthly payments to the Chapter 13 trustee rather than have the Chapter 7 trustee liquidate her non-exempt property. The question often comes up “what will my Chapter [...]

In yesterday’s post, we talked about having to qualify for Chapter 7 or 13. For most individuals, the choices in filing bankruptcy are these two: 7 or 13. I mentioned that it’s possible a debtor [...]

I see this question in various forms quite often. There are four main chapters (types) of bankruptcies and how and whether you qualify depends on each. Chapter 7 This is what most people think of [...]

This is always a big question on people’s minds when they finally make the decision to file bankruptcy. Who should they tell? Who must they tell? Who will find out and how? How Many People [...]

People often don’t realize that there is more than one choice when filing bankruptcy. There are actually six types of bankruptcies, but only four are available to individuals. The type of [...]

The economy is starting to reopen, but for millions of Americans, it’s already too late. If you’ve noticed, much of the news coverage for Covid-19 is focusing on the economic devastation caused [...]

The CARES Act recently passed by Congress and signed by President Trump has provisions that extend bankruptcy relief to individuals and small businesses. Chapter 13 The Act directly affects [...]

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 [...]