January 17, 2010 – 9:48 am
Misconceptions about bankruptcy and what it means to file are prevalent. Here are 5 of the most common misconceptions people have about the process.
September 25, 2009 – 5:00 pm
If you find yourself as one of millions of Americans who are today thinking of filing for bankruptcy, picking a good chapter 7 lawyer could be very important to your case. The fact is that while hiring a lawyer could be expensive, it is the kind of process that requires a high attention to detail [...]
September 11, 2009 – 6:38 pm
This is the chapter that most people would probably like to file under, since it will wipe your slate clean so to speak of all debt. Chapter 7 is also called “Liquidation” because your assets will be liquidated, or sold, to pay your debt.
By Janet Caskey
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Posted in Bankruptcy, Bankruptcy Lawyers, Chapter 7
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Also tagged avoid bankruptcy, Bankruptcy, bankruptcy lawyer, Chapter 7, chapter 7 bankruptcy, chapter 7 bankruptcy information, Credit Counseling, declare bankruptcy, personal bankruptcy
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Domestic support obligations are a certain class of debts recognized by bankruptcy law. Knowing what is a domestic support is important in evaluating the effects bankruptcy will have on you.
Chapter 7 bankruptcy can provide for a financial fresh start to those who use its power to rid themselves of creditors harassment and headaches – but not everyone is eligible to file for Chapter 7 bankruptcy protection. The following requirements must be met in order to file a Chapter 7 bankruptcy:
A Chapter 7 bankruptcy is also known as a liquidation bankruptcy. This means that any property that a Chapter 7 filer has that is not exempt may be liquidated or confiscated and sold to pay off debts.
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