Bankruptcy Blog

There are some debts that are considered non-dischargeable. Non-dischargeable debt will not be discharged by filing either Chapter 7 Bankruptcy or Chapter 13 Bankruptcy. All non-dischargeable debts are determined by federal bankruptcy law.
The non-dischargeable debts will be the same for Indiana as they are for all the other states. Failure to continue your debt payments [...]

Under the BAPCPA many individuals will no longer be able to file Chapter 7 Bankruptcy. Many individuals will also not want to liquidate their assets. For these individuals, filing Chapter 13 Bankruptcy may be another option. Chapter 13 Bankruptcy does not immediately discharge your debts, but there are several advantages including:

Stopping a home foreclosure
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Bankruptcy laws have been updated to make it more difficult to discharge debts under Chapter 7 Bankruptcy. The Bankruptcy Abuse Prevention and Consumer Act (BAPCA) was passed in 2005. The goal of the BAPCPA was to encourage more people to file Chapter 13 Bankruptcy and repay most or all of their debts. The BAPCPA also [...]

Chapter 7 Bankruptcy will allow you to discharged most of your unsecured debt. Unsecured debt can include: hospital bills, unsecure personal loans and credit card debt. Chapter 7 Bankruptcy is a liquidation of your assets and it is the most popular, least expensive and simplest bankruptcy. Most of your debts can be discharged with in [...]

If you live in the state of Indiana and you have high credit card debt, you are facing a home foreclosure or you can not pay your bills each month, you may be looking for help. Nationwide there is a financial instability and in the last year over one million individuals have had to file [...]

Non-dischargeable debt is outlined under federal bankruptcy law. Filing Chapter 7 Bankruptcy or Chapter 13 Bankruptcy will not discharge non-dischargeable debt. Virginia will have the same list of non-dischargeable debts as other states. If you do not continue to make payments for non-dischargeable debt, creditors have the legal right to continue their debt collection efforts. [...]

Many individuals whose income is too high or who have assets they would like to keep will not be able to file Chapter 7 Bankruptcy. Chapter 13 Bankruptcy does have certain advantages. It will not immediately discharge your debt, but Chapter 13 Bankruptcy does allow you to: stop creditor calls, end home foreclosure, stop repossessions, [...]

If you qualify to file Chapter 7 Bankruptcy, you may be able to discharge most of your unsecured debt. Chapter 7 Bankruptcy is considered a “liquidation” of your assets. It is the easiest, most common, and quickest way to discharge your unsecured debt. Dischargeable debt may include: medical bills, credit card debt and unsecured personal [...]

If you live in Virginia and you are currently in a financial crisis, unable to pay your bills, or facing home foreclosure, you may be looking for financial solutions. The federal government has established  the bankruptcy process to allow you to discharge all or a portion of your debt by filing Chapter 7 Bankruptcy, or [...]

There are debts which will not be discharged by filing Chapter 7 Bankruptcy or Chapter 13 Bankruptcy. These debts are called non-dischargeable debt and they are determined by federal bankruptcy law. All states will have the same types of non-dischargeable debts.
It is important to talk to your Delaware Bankruptcy Lawyer about any types of debt [...]