Chapter 13 bankruptcy is different from a Chapter 7 liquidation, in that you file a repayment plan to help manage your debt. Read more »
Start Rebuilding Credit After Bankruptcy
After bankruptcy, how to rebuild credit is usually the most important concern you may have. What are your options if you want to rebuild bad credit after filing for personal bankruptcy? Read more »
Do You Really Need A Bankruptcy Lawyer?
One of the biggest obstacles to filing for personal bankruptcy are the legal costs. The fees charged by the court are under $500 in total, but bankruptcy lawyers will charge you an additional $2,000 or more for services to file for bankruptcy. If you’re too broke to pay your credit cards and loan payments, how [...] Read more »
Can Bankruptcy Stop Foreclosure?
So many Americans today are facing financial trouble, and that means they are in danger of losing the one thing they worked so hard for – their home. Many times, when facing foreclosure, a homeowner may consider bankruptcy, as there is question whether bankruptcy can stop a foreclosure. Here are some points to think about. [...] Read more »
Which Is Worse: Bankruptcy Or Foreclosure For Your Credit Score?
If you have been thinking of filing personal bankruptcy, you’ve probably thought about what the long term impact of bankruptcy will be. A big issue that many people are concerned about today is foreclosure, especially which is worse, bankruptcy or foreclosure, for your credit score. Yet bankruptcy and foreclosure are very different, and hard to [...] Read more »
Introduction to Chapter 13 Bankruptcy
The chapter of the Bankruptcy Code providing for adjustment of debts of an individual with regular income is known as Chapter 13 bankruptcy. Chapter 13 allows a debtor to keep property and pay debts over time, usually three to five years. Read more »
File Chapter 7 Bankruptcy and Keep Your Home
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. Read more »