Consumer Bankruptcy Law

Two types of personal bankruptcy are under the United States Bankruptcy Court, and both types can include debt owed to the Internal Revenue Service (IRS). A Chapter 7 bankruptcy is essentially an...

There are two types of personal bankruptcy under the United States Bankruptcy Code, Chapter 7 and Chapter 13. A Chapter 7 acts as an estate liquidation that sells off assets of the estate to pay...

A credit card consolidation works as a type of loan used to pay off credit card balances in order to make one monthly payment to a loan company instead of several payments to credit card...

Chapter 13 bankruptcy is a type of personal bankruptcy that arranges a payment plan where payments are made over a three to five year time span to a Chapter 13 Trustee appointed by the court. The...

Chapter 13 bankruptcy is a type of personal bankruptcy that, instead of complete liquidation like a Chapter 7 bankruptcy, uses an extended repayment plan confirmed by the Bankruptcy Court to repay...

In a chapter 13 bankruptcy plan, the consumer debtor and his creditors abide by a plan that allows the debtor to pay back some or all of his unsecured debt in a set amount of time (three to five...

Bankruptcy offers a number of different benefits. If you have found your debts unmanageable, you should give serious consideration to pursuing a bankruptcy.

If you are in the midst of a Chapter 13 bankruptcy or contemplating filing such an action, you likely have a variety of of questions, among them whether it is possible to pay off a Chapter 13...

A Chapter 13 bankruptcy allows debtors to pay creditors through a repayment plan approved by a bankruptcy court. Chapter 13 is an alternative for debtors who are not qualified for liquidation...

Bankruptcy is a legal proceeding which takes place in a federal bankruptcy court. There are various different kinds of bankruptcy, referred to as "Chapters," that apply to different situations and...

Chapter 13 bankruptcy is a specific type of bankruptcy referred to as debt adjustment bankruptcy. In essence, Chapter 13 allows you to create a debt repayment plan that you can manage financially.

Contrary to what they will tell you, not all Bankruptcy attorneys are the same. Some will protect your rights better than others. Some work for the creditors at the same time they are working for...

Filing for bankruptcy can make your life very difficult, since the black mark will stay on your credit report for about 7 years and will be seen by future creditors, landlords and even employers....

Filing for bankruptcy can make your life very difficult, since the black mark will stay on your credit report for about 7 years and will be seen by future creditors, landlords and even employers....