Bankruptcy Law

Filing for bankruptcy does not place all of your real and personal property at jeopardy of a sale or auction to satisfy your debts. State and federal law combine to provide you tangible...

Contemplating filing for bankruptcy is a confusing and oftentimes frustrating experience. Determining which debts qualify for bankruptcy is one of the more important and complicate considerations....

Filing for Chapter 13 personal bankruptcy is never an easy process. If you've gone through the process and the court has given you a discharge, you can begin building your credit score...

Filing a bankruptcy is a step that is taken as a last resort. You should consider pursuing bankruptcy only when there are no other reasonable options available to deal with your financial...

Appearing in any court is always stressful and confusing. Especially in bankruptcy court where personal spending habits, income and debt (all taboo subjects) are openly discussed and put on...

Many bankruptcy debtors confuse the terms “discharge” and “dismissal” in bankruptcy. They have very different effects on your bankruptcy case outcome. A “discharge” means that your case has been...

The two types of personal bankruptcy, chapter 7 and chapter 13, both help discharge unsecured debt. Unsecured debt is debt that is not “secured” by any collateral, such as credit card debt. An...

Personal bankruptcy is a legal request for debt relief from an overburdened person. When someone petitions for bankruptcy, several types of notices are issued to involved parties.

Partnerships can file for bankruptcy protection just like any other business organization. Filing a bankruptcy petition for a partnership is different than when you file personal bankruptcy, as a...

Filing for bankruptcy is difficult decision for most people, and going through the process can be stressful. Luckily, you can take advantage of online conveniences to make the bankruptcy filing...

There is certain property you are entitled to own following declaring bankruptcy. Before you file for bankruptcy you need to understand what property you are entitled to keep despite seeking...

Contemplating bankruptcy likely brings many questions to mind. For example, you may wonder whether and how you can file bankruptcy on a bank account. By understanding the rules and procedures of...

The first step to filing a Chapter 7 bankruptcy is obtaining the proper forms. There are a few options available to you when seeking the proper paperwork to file Chapter 7 bankruptcy. Depending on...

If your landlord filed for a Chapter 7 bankruptcy, you have legitimate concerns about your home, your rights and your future. There are specific tenant rights associated with a landlord who has...

Facing mounting medical bills may require you to seriously consider filing for bankruptcy. During this process it is important to understand the specific requirements for medical bankruptcy.

A proof of claim form is the document used by a creditor to advise the court of money owed by a debtor in a Chapter 13 bankruptcy. Only by filing a proof of claim is a creditor able to attempt to...

Buying property in bankruptcy can be profitable, so if you're interested in expanding your real estate investment portfolio, understanding how to invest in property in bankruptcy is wise. Although...

In this article you will learn about things you can do to solve your money problems, restore your peace of mind, and much more. You’re Invited to Call or E-mail. “If you have questions about...

The U.S. Bankruptcy Code permits a person to provide bankruptcy forms processing services to individuals and businesses. The Code sets forth the parameters in which a bankruptcy petition preparer...

When filing for Chapter 11 bankruptcy protection, certain debts may be eligible for discharge. This means that a business owner is no longer required to pay her outstanding debt nor can a creditor...

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 made it more difficult for consumers to file for Chapter 7 bankruptcy (liquidation). Consider all alternatives and the lasting...

Obtaining corporate bankruptcy records does not have to be a challenging task. By identifying the state in which a business enterprise is incorporated, you will be able to locate and obtain...

Chapter 7 bankruptcy affects many facets of an individual's financial future. Some special planning or considerations may be necessary in order to fulfill court obligations or to obtain...

There are many chapters under which you can file for bankruptcy protection under the United States Bankruptcy Code. When an individual or business files for bankruptcy, that means he can no longer...

Chapter 7 is a type of personal bankruptcy under the United States Bankruptcy Code. If you file for a chapter 7 bankruptcy, your estate will be "liquidated" by a chapter 7 trustee who will sell...

When you are in bankruptcy, your "estate" is controlled by the bankruptcy court. The bankruptcy court oversees your income and spending during your bankruptcy proceeding to pay off your creditors.

While your bankruptcy is "active" or in active proceedings with the bankruptcy court, your estate is under the control of a bankruptcy trustee. During this time you are allowed to check in on the...

When you are in personal bankruptcy, your bankruptcy estate is in control of a bankruptcy trustee. The trustee makes decisions regarding what is best for your creditors while you are in...

If you are having trouble paying your bills or have too much debt, you may be thinking about filing for personal bankruptcy. This move can have serious effects that are important to consider...

Debt settlement and bankruptcy are two different ways of taking care of your personal debt. It is important to weigh your options and the aftermath of those options carefully before deciding how...

When you file for bankruptcy you are assigned to a U.S. Bankruptcy Trustee. Bankruptcy trustees assist the court in a variety of roles, including fraud protection.

Bankruptcy has quite an ominous reputation. But it should be seen as a means to an end rather than a penalty, a tool designed to help people when they're in real trouble. Chapter 13 bankruptcy,...

Filing for Chapter 13 bankruptcy rather than Chapter 7 has advantages: for example, it enables the debtor to protect his home from foreclosure and allows the rescheduling of debt repayment over a...

Your home likely is your most significant investment from both a personal and financial perspective. You want to do everything possible to protect that property, even if you are in the midst of...

If your home is in foreclosure, you need to know what legal options are available to you. For example, you may wonder whether you can file bankruptcy after a foreclosure. In fact, pursuing a...

The ultimate goal of a bankruptcy case is to allow you the ability to get your financial house back in order. The process requires you to make significant decisions regarding your assets and...

If you file for divorce while you are in a pending personal Chapter 13 bankruptcy, it can affect your divorce proceeding in several ways. Your first obstacle is hiring a divorce attorney. While in...

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 require all people filing for bankruptcy to undergo pre-bankruptcy counseling. This is to ensure debtors fully understand the...

You are at risk of a foreclosure if you have failed to pay the mortgage on your house for two or more months. Although it might be possible to work out a more amicable solution directly with your...

An individual retirement account, or IRA, carries income tax benefits. Even when in bankruptcy, it is important to continue making contributions to your IRA. An IRA is considered "exempt" property...

In order to file for personal bankruptcy, you will need the professional support of an experienced bankruptcy attorney. Filing for bankruptcy involves creating a bankruptcy petition to file with...

Owing and operating a small business may be your life's dream. Understanding the importance of your business, you nonetheless can reach a juncture at which you need to take a significant step to...

When you file for personal bankruptcy, the bankruptcy will remain on your credit report for up to 10 years from your date of discharge. Your bankruptcy discharge usually "wipes clean" your debt,...

Commercial bankruptcy comes in three different varieties, including chapter seven, chapter eleven, and chapter thirteen. Each chapter produces a different result.

When you file for Chapter 7 bankruptcy, you are creating an "estate" with all of your assets. The bankruptcy trustee will liquidate all of your non-exempt property and pay your creditors with the...

If filing bankruptcy is beginning to look like it might be the only way out of your debt problems, you've probably started wondering what filing will do to retirement accounts, like your 401k.

Filing for bankruptcy is a hard decision. But if you feel you have reached a point where there is no other choice, then take comfort in knowing that bankruptcy was created to help people, not hurt...