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Car Repossession Laws and Your Rights

A person’s car will more than likely be one of the final pieces of property that a bank or the IRS will...


When to Plan and File for Bankruptcy

Knowing when to start filing for bankruptcy and how to plan for bankruptcy are very important...


Statistics on Who Is Filing Bankruptcy

Bankruptcy Claim Statistics in the US by a person's age, ethnicity, income, education, marital status...

Legal Articles

Loan Modification and Your Credit Score

Contributed by: Joshua A. Sutterfield

Thousands of homeowners continue to look to the go...

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The Chapter 7 Bankruptcy Process in California

Contributed by: Joshua A. Sutterfield

Filing for Chapter 7 bankruptcy relief can seem li...

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Do I Qualify for Chapter 7 Bankruptcy?

Contributed by: Anthony Vamvas

A lot has been made of the recent changes to the U...

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Preparing for the 341 Meeting of Creditors

Contributed by: Eddy Hsu

Generally, the 341 Meeting of Creditors is a requi...

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Spotlight on Chapter 7 Bankruptcy

Filing for Chapter 7 Bankruptcy is a way for Debtors to get a "Fresh Start" and have debts eliminated. This type of Bankruptcy is also called a "Straight Bankruptcy" or "Liquidation Bankruptcy" because assets will be liquidated in order to pay off as much debt as possible.

For debtors who are incapable of repaying debts, and eligible for chapter 7, this is the most common option. Chapter 7 allows the debtor to relieve themselves of the burden associated with having a large amount of debt. It stops harassing phone calls from creditors, eliminates most debt, and eases...

Learn More: Chapter 7 Bankruptcy Articles

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Recent Bankruptcy Articles

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...

How to File for Chapter 13 Bankruptcy

If you are unable to file for chapter 7 due to a high income, or you chose chapter 13 bankruptcy due to the many benefits over chapter 7...

The Costs of Filing for Bankruptcy

Filing for bankruptcy isn’t free. You have to pay the cost of filing bankruptcy including bankruptcy court fees and bankruptcy attorney fees...

Bankruptcy Options for a Married Couple

There are two options for filing bankruptcy for married couples. A married couple can file an individual bankruptcy petition or a joint bankruptcy petition. An individual bankruptcy filing...

Do I Qualify for Chapter 7 Bankruptcy?

A lot has been made of the recent changes to the US bankruptcy laws (the Bankruptcy Abuse and Consumer Protection Act of 2005. One of the particularly troublesome areas for...

Choosing the Right Bankruptcy Lawyer

You've decided that bankruptcy is the best option for getting rid of your debts and getting a financial fresh start. Before you take any further steps...

Making the Most of Bankruptcy Exemptions

What will I be able to keep after I file bankruptcy? This is a common question asked by most people considering bankruptcy as a way out of unmanageable debt. Let's get one myth cleared up...

Does Credit Card Debt Settlement Really Work?

Recently, the mortgage crisis and resulting economic recession has driven many Americans to rely heavily on credit cards sustain them during this difficult financial time. As a result, many people...

Bankruptcy Exemptions in California

Bankruptcy is a difficult option for anyone to choose. However, in California there is more to consider because while they require all residents filing for bankruptcy to...

Bankruptcy Exemptions in Florida

Anyone facing insurmountable debt knows that it can feel like there’s no way out.  However, for some, filing bankruptcy can provide some relief.  Chapter 7 bankruptcy is the...
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