Bankruptcy Law

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...

There are two types of personal bankruptcy, a Chapter 13 repayment plan and a Chapter 7 estate liquidation. Both types can remain on a credit report for up to ten years from the date of discharge...

Chapter 13 allows a debtor to satisfy his creditors without liquidating his property. The basic qualification for Chapter 13 is sufficient income to make regular monthly payments over a three or...

Declaring bankruptcy is a very emotional event, having to consider what your future will hold based on your current financial situation. Individuals in this situation may have many questions to...

A Chapter 13 bankruptcy is a repayment plan for your debts. The bankruptcy trustee, the court official who is responsible for hearing your case, will approve the length of time your repayment plan...

Filing bankruptcy automatically invokes the stay of proceedings described in Section 362 of the U.S. Bankruptcy Code. The stay is similar to an injunction, and applies in all cases filed under all...

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...

The following article will provide people who have recently declared bankruptcy or had their home foreclosed on with tips to rebuild their credit.

Under Chapter 7 and Chapter 13 bankruptcy laws, seller financing is treated the same as other secured claims, regardless of the source of credit. Sellers who do not retain a lien do not fall under...

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...

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...

There are many reasons why people file for bankruptcy. It could be because they lost a job, their business failed, they became ill and couldn't work, they became ill and had over-whelming medical...

Bankruptcy is a means of reducing or even eliminating financial obligations legally. There are different kinds of bankruptcies available to most people. One of the most useful is Chapter 13...

In tough economic times, folks are losing their jobs and homes. When bills are piling up while your bank account is drying up, sooner or later you may start to wonder: should I file for...

Filing for bankruptcy is a drastic step, but sometimes it is the only alternative left after exhaustive exploration of other options. If you decide to consider bankruptcy, learning how bankruptcy...

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. ...

The United State Census estimates approximately 288 million bankruptcies are filed each year. But many individuals don't know there are steps you can take to stop bankruptcy, such as making...

In Florida, mortgage foreclosure is similar to every other state in the United States. Make mortgage payments or renegotiate the terms of a mortgage in Florida with help from a civil mediator in...

Even with a strong national economy, low unemployment and low interest rates, Americans are always subject to dealing with mortgage lenders arriving to foreclose on their homes. Housing experts...