Consumer Bankruptcy Law

Pursuing a Chapter 13 bankruptcy case provides you the ability to bring an end to debt collection activity by your creditors. Once you file a Chapter 13 bankruptcy case, your creditors are...

Filing for Chapter 7 bankruptcy is something that individuals, partnerships, corporations or any type of business can do. There is no debt requirement or limit to be able to file, and for...

After filing bankruptcy, one task that might confront you is transferring the title of a house. There are two general situations in which a person in bankruptcy needs to transfer title to a house....

A Chapter 13 bankruptcy operates as a repayment plan for a period of three to five years wherein the debtor or joint debtors make payments to a bankruptcy trustee who in turn pays off the debtor's...

A meeting of creditors is simply an opportunity to verify information. No final rulings, judgments or discharges are decided at the meeting. Typically, if the bankruptcy petition and schedules are...

An American living in Canada who holds a minor share of his assets in the United States can file a bankruptcy in Canada under the Bankruptcy and Insolvency Act and file a Chapter 15 bankruptcy in...

Preparing to file for bankruptcy is an involved process. High on the list of tasks undertaken is gathering together copies of documents that you need to pursue your case. Some of these document...

The primary objective of bankruptcy is to provide you the tools necessary to get your financial house back in order. Bankruptcy is intended to be the legal action of last resort. If you find that...

There are two types of personal bankruptcy under the United States Bankruptcy Code, Chapter 7 and Chapter 13. A Chapter 7 bankruptcy is basically a liquidation plan that sells off assets of your...

It is possible to file for personal bankruptcy while on either Social Security Income (SSI) or disability payments. A Chapter 7 personal bankruptcy liquidates the assets of your estate to pay...

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. It creates a repayment plan over a three- to five-year period in which plan payments are made directly to a Chapter 13 trustee via a wage...

A debtor in the midst of a bankruptcy case has the ability to postpone bankruptcy litigation under certain circumstances. A common reason why a debtor seeks to postpone bankruptcy litigation is...

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...

Chapter 13 bankruptcy is a type of personal bankruptcy filed in the federal court system wherein the Chapter 13 case is assigned to a Chapter 13 trustee. Chapter 13 bankruptcy is essentially an...

Filing for bankruptcy results in a negative impact on your credit report and score, so it may be advantageous to negotiate with your creditors even if you are in the midst of a bankruptcy case....

Unlike a Chapter 7 bankruptcy, where the debtors assets are liquidated to pay off their debt, a Chapter 13 bankruptcy plan is a form of bankruptcy that allows either individual or joint debtors to...

A debtor who receives a subpoena in a collection by an unsecured creditor, a creditor who holds no secured asset or collateral for the debt, can expect the legal action to end when the bankruptcy...

In the midst of a Chapter 7 bankruptcy proceeding you may be at a juncture where you desire to stop your case. You're facing different circumstances and have concluded that a Chapter 7 bankruptcy...

If you desire to find information on a bankruptcy case, two different resources are available to you. In some jurisdictions, there are more formalized procedures for obtaining detailed information...

The meeting of creditors is intended to ensure all facts submitted as part of the bankruptcy petition are accurate. All parties present are allowed to raise questions, but no decisions are made at...

According to the federal bankruptcy law, the purpose of bankruptcy is to provide an opportunity to offer honest debtors with a chance to have a fresh start. Bankruptcy involves preparing and...

After filing for bankruptcy, you face a variety of difficult decisions about what to do with your assets, with property that you own. For example, if you own an automobile--and most people in...

A Chapter 7 bankruptcy proceeding is always conducted under the jurisdiction of a Court of Law. The processes for opening the bankruptcy case, moving through the evaluation and liquidation, and...

A Chapter 7 is a bankruptcy proceeding that is available to individuals, married couples and businesses in the United States. The main purpose of a Chapter 7 bankruptcy is to quickly liquidate the...

A Chapter 13 bankruptcy requires you to make monthly payments to the bankruptcy court trustee. The payments are distributed amongst the creditors involved in the case. If you find yourself in a...

As an incarcerated person you likely have watched your financial situation take a proverbial "nose dive." You need bankruptcy protection and simply cannot wait until you are released from prison....

If you are in the midst of a bankruptcy and experience an improvement in your overall financial position, dismissing your case may be a wise course of action for you to take. Resolving your debt...

The clawback provision in bankruptcy law permits the trustee to void or undo certain types of transactions. In other words, if a debtor participates in certain transactions that transfer assets...

Becoming a bankruptcy petition preparer allows you the ability to provide certain types of services to debtors. Petitions and related documents associated with bankruptcy cases--both consumer and...

One of the most important elements of a bankruptcy case is the bankruptcy or creditors' meeting. The bankruptcy meeting is the one point in your case at which you are asked to participate...

As part of preparing to file for bankruptcy, understanding the structure of bankruptcy courts is helpful. By appreciating the manner in which bankruptcy courts are structured, you obtain a clearer...

As a United States resident living abroad, you may be facing the prospect of seeking bankruptcy protection and relief. Although not the easiest task in the world, you are able to file for...

It's easy to get bogged down in debt and find yourself overwhelmed trying to keep up payments to credit cards, mortgages, car and appliances, such as washers and dryers. If it gets to the point...

Having made the decision to file for bankruptcy, you need to ensure that all your creditors are named in the case. As part of the process of preparing your bankruptcy petition, you create a matrix...

If you are living overseas but remain a citizen of the United States, you still can take advantage of the protections of the U.S. Bankruptcy Court. There are specific procedures that you need to...

Chapter 13 bankruptcy permits you the ability to pay off your debts over a period of time. Rather than a discharge or liquidation of your debts, the bankruptcy court develops a payment plan so...

Bankruptcy, as commonly understood, is financial insolvency in an individual or a business. In Australia, the Insolvency and Trustee Service Australia (ITSA) is the government agency that governs...

If you have a pending Chapter 13 bankruptcy case you may have reached a juncture at which you are having difficulties in making your monthly plan payment. If that is the case, you may desire to...

If you have a pending bankruptcy you may have reached a juncture at which you are considering seeking a dismissal of your case. There are specific procedures for dismissal of bankruptcy that are...

As an Illinois resident, you either pursued or are contemplating pursuing a bankruptcy. You might be wondering what the procedures are for dismissal of bankruptcy in Illinois. The reality is that...

A Chapter 7 bankruptcy trustee is charged with overseeing cases that are filed in U.S. Bankruptcy Court. There are some limited instances in which a Chapter 7 bankruptcy trustee can be removed...

Filing bankruptcy can be an overwhelming, emotional process. Deciding whether to file Chapter 7 or Chapter 11 bankruptcy can be a difficult one. Understanding both types of bankruptcy will help...

Pursuing a Chapter 13 bankruptcy allows a debtor to pay off creditors through a payment plan designed by the court and the bankruptcy trustee. There are a number of consequences to stopping...

You may want to file for bankruptcy in Scotland if you cannot repay your debts. You must owe at least £1,500 to qualify. Becoming bankrupt in Scotland allows a trustee to sell off all your...

You are in Chapter 13 and you need some wheels. It is possible to purchase a car while in an active Chapter 13 case, however because you--and your bankruptcy "estate"--are under court protection,...

Chapter 11 is a chapter in the U.S. Bankruptcy code that is also known as reorganization bankruptcy. Chapter 11 is usually filed by a business and is called reorganization bankruptcy because the...

Nearly all bankruptcy rules in Illinois are based on federal law. Under the United States Constitution, Congress has the sole authority to write and enact the laws regarding bankruptcy for...

In the United Kingdom, unlike the United States, both debtors and creditors can file for bankruptcy. Filing is reserved for debtors who have become insolvent and cannot pay their debts, or...

Chapter 7 Bankruptcy is used by consumers to discharge large debts when they can no longer pay. There are many reasons for a consumer to file for Chapter 7, including unemployment, serious medical...