Category Archives: Chapter 7 Bankruptcy

How Will my Credit Report be Effected by Filing for Bankruptcy?

Posted on October 5, 2012 by

Your credit score is calculated by using five factors: the length of your credit history, the amount of new credit you have, the type of credit you have, your payment history, and the amounts that you owe.   Two of these … Continue reading →

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Reaffirmation Agreements

Posted on October 5, 2012 by

When filing for bankruptcy, debtors are faced with number of very important decisions.  Some of the most important decisions made pertain to what they are going to do with the property they own.  Through bankruptcy debtors can choose to surrender … Continue reading →

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Surrendering your House through Bankruptcy

Posted on September 20, 2012 by

Falling behind on your mortgage can be extremely stressful, and at a certain point, many people decide that they no longer want to keep the house that they own.  When you file for bankruptcy, you have the option to surrender … Continue reading →

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Debts that will be Discharged Through Bankruptcy

Posted on September 20, 2012 by

After you receive your notice of discharge from the Bankruptcy Court, there are certain types of debt that will be discharged; In other words, there are certain types of debt that you will no longer be responsible for paying back … Continue reading →

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Why do you Need an Attorney to File Bankruptcy?

Posted on September 20, 2012 by

One of the challenges of getting your financial situation in order is getting an accurate, trustworthy, and unbiased assessment of what your particular options are, especially when you are considering filing for bankruptcy. Despite their best intentions, your friends and … Continue reading →

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Filing Bankruptcy in Good Faith

Posted on September 20, 2012 by

As more and more debt builds up, many people seek filing for Chapter 7 bankruptcy as an option for relief.  Chapter 7 bankruptcy can assist people with large amounts of unsecured debts, like credit card debt, start fresh by wiping … Continue reading →

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Is Filing for Bankruptcy an Option for Managing Student Loans?

Posted on September 5, 2012 by

For the first time in American history, the total amount of student loan debt has surpassed the total amount of credit card debt.  With so many Americans facing an enormous, and overwhelming amount of debt, many are left wondering what … Continue reading →

Posted in Automatic Stay, Bankruptcy filing, Bankruptcy General, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Discharge of Debt, Student Loans | Comments Off on Is Filing for Bankruptcy an Option for Managing Student Loans?

Property and Exemptions in a Chapter 7 Bankruptcy

Posted on September 5, 2012 by

There is a common misconception regarding Chapter 7 Bankruptcy, that prospective filers fear they will end up losing everything when they file. This fear stems from people hearing that Chapter 7 requires people to give up all of their property … Continue reading →

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When Can I File for Bankruptcy Again?

Posted on September 5, 2012 by

If you have filed for bankruptcy in the past, you know the relief it brought to your financial and personal situations.   It may have allowed you to get back on your feet and start fresh once again.  Unfortunately, though, many … Continue reading →

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Does Chapter 7 Bankruptcy Eliminate All Bills?

Posted on March 9, 2012 by

Chapter 7 eliminates most of a debtor’s unsecured debts. A debt is unsecured when the debtor did not pledge a personal property or real property as security for a loan. Sometimes, a security agreement is made without that the debtor … Continue reading →

Posted in Chapter 7 Bankruptcy, Discharge of Debt, Means Test | Tagged , , | 1 Comment