United States bankruptcy laws vary from state to state. What is appropriate in one state may not work in another. However, the general rules are still the same. more »
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United States bankruptcy laws vary from state to state. What is appropriate in one state may not work in another. However, the general rules are still the same. more »
Most individuals already know that they are bankrupt for quite a while before they actually decide to file. Some delay this decision hoping to find an alternative that allows them to meet their financial obligations. In many cases, people postpone bankruptcy because of the fear of losing valued assets or even their reputation.... more »
Tradition and proper procedure are important to courts, in part because it simplifies the task of organizing the huge number of cases and documents presented to them every year. Bankruptcy, in particular, is a process that's dominated by a paper trail of forms. Bankruptcy forms must not only be filled out correctly, but filed in a... more »
Filing for bankruptcy is an extreme measure of debt relief for consumers. There are two types of consumer bankruptcy. Chapter 7 bankruptcy is a legal process that removes a person's liability for certain debts, based on their inability to pay. While the bankruptcy court can forgive up to 100 percent of the debt incurred by the... more »
The three primary differences in bankruptcy among the states are the local rules of the Bankruptcy Districts, the median income for the means test, and the property exemptions. Each bankruptcy district has its own local rules for the precise procedure for filing documents, paying fees and calculating deadlines. The means test is based... more »
Whether you're searching for consumer or commercial bankruptcy information, we've got you...
A major obstacle for debtors in bankruptcy is the issue of whether indebtedness was incurred by fraud. The bankruptcy code is specific in... more »
Once a consumer or a business files for bankruptcy, the clock starts ticking. But before that there's preparation. Consumers and business owners... more »
The requirements to file bankruptcy became stricter after the federal 2005 bankruptcy reform initiative. There are two major types of consumer... more »
Bankruptcy is a stressful enough time without having to worry about when, where and how the fees involved are to be paid. Most of the fees are... more »
The United State Census estimates approximately 288 million bankruptcies are filed each year. But many individuals don't know there are steps you... more »
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