Who to Tell if You File Bankruptcy
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 [...]
Which Type of Bankruptcy Is Best?
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 [...]
Learn About Bankruptcy
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 [...]
Bankruptcy Relief for Covid-19 Pandemic
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 [...]
Too Big for Chapter 13; Too Rich for Chapter 7
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 [...]
What Chapter of Bankruptcy is Best for Me?
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 [...]
Does That Violate My Discharge Stay?
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 [...]
How Often Can I File Bankruptcy
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 [...]
What Does the Means Test Mean?
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 [...]
What are Exemptions and How Do They Work?
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 [...]
