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Comparison of Chapter 7 and Chapter 13 Bankruptcy

Sometimes it is difficult to know what type of bankruptcy would be in your best interest; here is a quick guide to cover the basics. You should ultimately talk to a bankruptcy attorney to determine the best course of action for your unique situation. Analysis of... Comparison of Chapter 7 and Chapter 13 Bankruptcy

Chapter 13 Bankruptcy

Chapter 13 bankruptcy is for reorganization and repayment of your debt. People often choose Chapter 13 when they are behind in their secured loans such as their home or vehicles, and they want to keep those assets. Chapter 13 bankruptcy can also be an option if... Chapter 13 Bankruptcy

Getting Your Car Back After Bankruptcy

If you fall behind on your car payments, and you believe your vehicle is about to be repossessed, one of the first things you should do is remove any personal items out of your car. Sometimes personal belongings can vanish from your car at the impound lot. If you... Getting Your Car Back After Bankruptcy

Bankruptcy and Student Loan Default

If you fall behind in your student loans, the government has a number of ways to come after you to get their money. When you stop paying on your student loans altogether, they are considered to be in default. If your student loans are in default, the government can... Bankruptcy and Student Loan Default

Timing of Your Bankruptcy

When you are having financial difficulties, sometimes the timing of when you file for bankruptcy can be just as important as the type you file. Delaying Filing There may be times you might want to delay filing bankruptcy for a few months to make sure your work bonuses... Timing of Your Bankruptcy

How Often Can You File Bankruptcy

If you find that you are in financial trouble again after your bankruptcy has been discharged, you may need to file again to get bankruptcy protection from your creditors. You can file for bankruptcy as often as you want, but you will only receive a discharge if the... How Often Can You File Bankruptcy

What Bankruptcy Chapter is Right for You?

Chapter 7 is often the most straightforward and quickest type of personal bankruptcy. This type of bankruptcy is considered a liquidation bankruptcy. Upon completing all of the required steps, your qualifying debt will be discharged within an average of six months.... What Bankruptcy Chapter is Right for You?

Bankruptcy Related Scams

There are people out there that are looking to take advantage of vulnerable people. One way people fall victim is to become involved in bankruptcy-related scams. If you are considering filing bankruptcy, it is important to be aware of some of the possible ways... Bankruptcy Related Scams

Can I Sell Personal Property Before Bankruptcy

In Chapter 7 bankruptcy, the nonexempt assets are sold, and the proceeds go to pay your creditors. Both federal and state laws allow the court to void an asset sale that was made just prior to filing for bankruptcy. If the court determines that the assets were sold or... Can I Sell Personal Property Before Bankruptcy

U.S. Statistics on Bankruptcy

As part of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), an annual statistics report is required to be submitted to Congress by the Administrative Office of the United States Courts. The report is also accessible to the public. BAPCPA... U.S. Statistics on Bankruptcy