Chapter 7

There is are many false myths about bankruptcy. Many people believe that it is a sign of failure. The fact stands that bankruptcy offers a way of beating crippling financial debt and offering applicants a clean slate. More than 700,000…

Chapter 7 bankruptcy, or liquidation bankruptcy, is the process of bankruptcy in which the debtor turns over significant assets and the sale of those assets will go to creditors in order to pay off debts. The debtor will receive a…

Chapter 7 bankruptcy is typically associated with individuals who file for personal bankruptcy. In some cases, however, companies choose to file for Chapter 7 rather than the more common Chapter 11. Let’s look at when a company might want to…

If a significant portion of the debt that has you considering bankruptcy is student loan debt, you’re not alone. Almost a third of people who file for bankruptcy have student loan pending repayments. On average, it comprises almost half of…

If you’re considering Chapter 7 bankruptcy, one of the terms you’ll see a lot as you learn about the process is “discharge.” That’s a big step in a bankruptcy case. It usually happens approximately four months from the bankruptcy filing.…

Financial issues can contribute to strains in a couple’s marriage. It’s not unusual for someone to consider filing for bankruptcy as they’re also headed toward divorce or have already begun the divorce process. Sometimes people file for bankruptcy after they’ve divorced,…