Bankruptcy Blog Archives

If you are unable to file Chapter 7 Bankruptcy or if you have substantial assets you would like to keep, Chapter 13 Bankruptcy may be an option for you or your family. Chapter 13 is not a liquidation bankruptcy, but will allow you to keep your assets by restructuring your debt under a three to [...]

Chapter 7 Bankruptcy is the easiest, cheapest and quickest bankruptcy process. If you are an individual, partnership, married couple or corporation you may be able to file Chapter 7 Bankruptcy. Chapter 7 Bankruptcy is a “liquidation” bankruptcy and your assets will be sold to pay your personal debt. After you file Chapter 7 Bankruptcy, the [...]

Image via Wikipedia If you file personal bankruptcy, some of your debts will not be discharged. The federal bankruptcy laws determine what debts are not discharged in all states, so the debts not discharged in Georgia will be the same as other states. Failure to pay these debts will allow your creditors to legally continue [...]

Image via Wikipedia If you live in the state of Georgia, and are currently suffering a financial crisis due to a job loss, mounting debts, or unexpected medical bills, you may qualify to discharge a portion or all of your unsecured debt by filing bankruptcy. Filing bankruptcy may be able to help you: Reduce or [...]

Some types of debt will not be discharged if you file Chapter 7 Bankruptcy or Chapter 13 Bankruptcy. These non-dischargeable debts are outlined under federal bankruptcy laws and will be the same for every state. If you do not pay your non-dischargeable debt obligations, creditors are allowed to legally continue debt collections. Contact your Massachusetts [...]

Chapter 13 Bankruptcy is not a liquidation of your assets, but will allow you to create a bankruptcy repayment plan to repay all or most of your debt. At the end of the repayment plan, all qualifying debt will be discharged. Chapter 13 Bankruptcy will not discharge all of your debt immediately, but there are [...]

Image via Wikipedia Chapter 7 Bankruptcy is the most popular, the least expensive and the easiest type of bankruptcy to file. Chapter 7 Bankruptcy is called a straight bankruptcy or “liquidation” bankruptcy. After you have filed your bankruptcy petition, an automatic stay is imposed which will temporarily halt the debt collection process. Collections may continue [...]

Under Chapter 7 Bankruptcy and Chapter 13 Bankruptcy, certain assets will not be discharged. If your debt is not discharged by filing personal bankruptcy, your creditors will have the legal authority to continue their debt collection efforts until they are paid.  Federal Bankruptcy Laws outline what debt is not discharged. In general in Florida the [...]

Image via Wikipedia There are two main types of bankruptcy. Chapter 7 Bankruptcy will allow you to discharge most of your unsecured debt and Chapter 13 Bankruptcy will let you restructure your debt under a bankruptcy payment plan. Regardless of which type of bankruptcy you file, the main goal of bankruptcy is to reduce your [...]

Chapter 13 Bankruptcy is also a common process to discharge debt, but it is not like Chapter 7 Bankruptcy because the debt is not immediately discharged. Instead, filing Chapter 13 Bankruptcy will require you to repay a portion or all of your debt back to your creditors under an approved three to five year bankruptcy [...]