How to Keep Property When Chapter 7 Exemptions are Used Up

Proceedings under Chapter 7 in Bankruptcy call for a liquidation of the debtors assets.  However, there are assets that are exempt from liquidation.  The exemptions that are available to debtors depending...

How Bankruptcy Eliminates Credit Card Debt

  Individuals who seek relief from debts under the United States Bankruptcy code usually file bankruptcy under chapter 7 of the bankruptcy code or chapter 13.  A chapter 7 is considered a no asset...

What to Exepect in Chapter 7 Bankruptcy Credit Couseling

  In 2005 congress passed Bankruptcy Abuse Prevention Consumer Protection Act.” This change to the bankruptcy code requires consumer debtors to attend a credit-counseling course...

Can I File for Chapter 7 and Keep My Property?

One of the first questions from all of my clients is: “Will they take my property?”  The answer: “It depends on the type of property and how much it is worth.”  The process of determining whether...

Advantages of Bankruptcy Over Debt Settlement

Sometimes debt becomes overwhelming for individual consumers and businesses.  When the debt is no longer payable and is significantly impacting your personal or business life...

Can I Keep My House in a Bankruptcy Case?

One of the biggest myths of bankruptcy is that the applicant will lose their home.  The goal of bankruptcy is to not lose the house, if the debtor can still afford it...

Is Bankruptcy a Good Option?

Every debtor has their own unique set of circumstances, which means that there is no one-size-fits-all solution for financial problems.  Many people are considering bankruptcy today, and for...

If I File Bankruptcy in Georgia, What Property Can I Keep?

With more and more debtors considering bankruptcy today, it is important for them to understand the options and what the consequences of such action may include.  First, it is important...

Using Bankruptcy to Stop Foreclosure

For people who wish to maintain their primary homes, but who have fallen behind on their mortgage loan payments, bankruptcy is often a remedy utilized to stop the mortgage foreclosure...

The Chapter 7 Bankruptcy Process in California

Filing for Chapter 7 bankruptcy relief can seem like complicated and confusing process.  However, once you understand the basics of how the process works you should be able to reach...