Bankruptcy Blog

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 [...]

If you live in the state of Florida, you are probably aware that the latest leading economic indicator readings show that the state is seeing negative growth levels not seen since the 1991-1992 recession. This is bad news for job growth and the housing market. Like many Floridians, you may be facing a serious financial [...]

Not all unsecured debt will be discharged by filing Chapter 7 Bankruptcy or Chapter 13 Bankruptcy. Non dischargeable debt is outlined in the Federal Bankruptcy laws and will be the same in the state of Pennsylvania as other states. Creditors are allowed to continue legal debt collection efforts if you fail to pay these debts.  [...]

Recently, new bankruptcy laws were passed in the Bankruptcy Abuse Prevention and Consumer Act (BAPCA) of 2005, which made it more difficult to qualify to file Chapter 7 Bankruptcy. Bankruptcy laws were tightened to force more individuals to repay their debt by filing Chapter 13 Bankruptcy. To determine if you qualify to file Chapter 7 [...]

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If you live in the state of Pennsylvania and you are unable to pay your bills or are facing home foreclosure, you may be able to discharge all or part of your unsecured debt through personal bankruptcy. Over one million individuals last year filed for personal bankruptcy and were able to stop:

Wage garnishments
Home [...]

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There are certain debts which are not discharged by filing either Chapter 7 Bankruptcy or Chapter 13 Bankruptcy. Non-dischargeable debt is outlined under federal bankruptcy law and will be the same for all states. It is important to talk to a Missouri Bankruptcy Attorney to review your debt.
Failure to pay your non-dischargeable debt [...]

Due to the Bankruptcy Abuse Prevention and Consumer Act (BAPCPA) of 2005, many individuals will now be unable file Chapter 7 Bankruptcy and will instead be forced to file Chapter 13 Bankruptcy. Chapter 13 Bankruptcy does not discharge your debt immediately. Under Chapter 13 Bankruptcy you will be required to construct a bankruptcy repayment schedule [...]

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Chapter 7 Bankruptcy is a liquidation bankruptcy and will allow you to discharge all or most of your unsecure debt with in four to six months. Unsecured debt can include: hospital bills, credit card debt and unsecure personal loans.
A trustee is assigned to your bankruptcy case and will sell your non-exempt possessions and [...]

In the past year over one million individuals had to file personal bankruptcy. If you live in the state of Missouri and you are unable to pay your creditors or you are facing any of the following, filing bankruptcy might be your best financial option.

Harassing creditor phone calls
Sky rocketing credit card debt and [...]