Topic: Bankruptcy

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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...

Conversion of Bankruptcy Case

If you have been set up in a payment plan for a Chapter 13 bankruptcy and you find yourself unable to make the payments either because of a loss of a job or other unforeseen debt, you may be able to convert your case to a Chapter 7 liquidation bankruptcy. A debtor,...

Bankruptcy Abuse Prevention and Consumer Protection Act

The Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 2005 is part of the U.S. Bankruptcy Code. This act made significant changes to the Bankruptcy Code. The act was written to prevent abuse of and profit from the bankruptcy process. The act also...

Working with a Trustee during Chapter 7 Bankruptcy

A bankruptcy trustee is a representative who works for the Department of Justice and represents your estate during the bankruptcy proceeding. In the state of California, a Bankruptcy trustee is assigned to every Chapter 7 bankruptcy case. Working with a trustee during...

Coming to Terms With Bankruptcy

For most people, the thought of filing for bankruptcy weighs heavily when considering debt relief options. With all of the questions and unknown aspects, most people are falsely intimidated by bankruptcy. When you have tried other options such as debt consolidation...

Understanding Bankruptcy Benefits

For many consumers, bankruptcy may be your best option for a fresh financial start. Bankruptcy is often a solid approach for financial freedom for anyone with overwhelming debt, or whose monthly income is less than their monthly bills. In fact, approximately 1 in...