Consumer Bankruptcy Law

As you contemplate filing bankruptcy to resolve debt issues, you might wonder whether you pay alimony if you file bankruptcy. As is the case with a number of debts that are subjects of bankruptcy...

Becoming knowledgeable about bankruptcy law does not require hiring an attorney or purchasing a book. The United States Bankruptcy Courts website publishes virtually everything someone needs to...

The rules regarding Chapter 7 bankruptcy requirements are governed by the laws of the state where you reside, meaning that the specific filing requirements and allowable exemptions vary by state. ...

Bankruptcy laws in the United States underwent a number of changes in the 2005 bankruptcy reform. The new laws were designed to keep people from filing bankruptcy without doing their research and...

Chapter 7 bankruptcy will erase most unsecured debts, but you will still be responsible for other financial obligations. Once you have filed your petition for Chapter 7 bankruptcy with the court...

Although some bankruptcy laws are governed by federal law, specific states vary on what property you are allowed to keep after you file bankruptcy. Chapter 7 bankruptcies eliminate most debts but...

In Texas, you can apply for both Chapter 7 and Chapter 13 Bankruptcy as an individual consumer.

Because of reform in the bankruptcy laws, filling for bankruptcy due to a divorce, in order to get out of paying alimony or for the divorce, is no longer allowed. Learn about the credit situation...