Bankruptcy Blog Archives

Federal bankruptcy laws also outline what type of debt can not be discharged by filing for bankruptcy. The types of debts not discharged in Louisiana will be the same as other states. If you do not complete your debt repayment obligations for these non-dischargeable debts, creditors will have the right to pursue all legal means [...]

If you own a home or property you would like to keep, or you do not qualify to file Chapter 7 Bankruptcy, filing Chapter 13 Bankruptcy may be another option for your family. Chapter 13 Bankruptcy will not be an immediate discharge of your assets but will require you to pay either a portion or [...]

If you have few assets and you qualify to file Chapter 7 Bankruptcy, it is the most popular, least expensive and fastest type of bankruptcy. Filing Chapter 7 Bankruptcy will allow for an immediate discharge of your debts. The first step in Chapter 7 Bankruptcy is to hire a bankruptcy attorney who will file your [...]

Image via Wikipedia Louisiana’s economy is doing better than many states, but Louisiana has been affected in the last several months, especially with the drop in the cost of oil. If you live in Louisiana, you may be affected by the deterioration of the national economy and you may be facing overwhelming personal debt, expensive [...]

Filing Chapter 13 Bankruptcy or Chapter 13 Bankruptcy in Colorado will not discharge all of your debt. Federal Bankruptcy Codes have determined what debt can be discharged and in Colorado the following debts generally can not be discharged. The list is not exhaustive and a Colorado Bankruptcy Attorney should be consulted to review the type [...]

Many individuals will now be unable file Chapter 7 Bankruptcy and will instead be forced to file Chapter 13 Bankruptcy. Chapter 13 Bankruptcy will not immediately discharge your debt, but will instead require you to pay a portion or all of your unsecured debt to your creditors under a three to five year repayment plan. [...]

To determine if you are eligible to file Chapter 7 Bankruptcy in Colorado, a Colorado Bankruptcy Attorney can work with you to compare your income to the median income of other families in Colorado. If your current median income, which is the average monthly gross income earned for the six months prior to filing bankruptcy, [...]

Over 85% of bankruptcy filers in Colorado, file for Chapter 7 Bankruptcy. Chapter 7 Bankruptcy is considered a “liquidation” bankruptcy. Individuals, corporations, couples or partnerships may be eligible to file Chapter 7 Bankruptcy. Under Chapter 7 Bankruptcy, a trustee will be assigned by the bankruptcy court to sell your non-exempt personal assets than use the [...]

In Colorado in 2009, over fifty-five hundred people have filed bankruptcy. This is almost five out of every one thousand Colorado residents. If you are unable to pay your creditors, and you live in the state of Colorado, you are facing and of the following, filing bankruptcy might be your best financial option. Harassing creditor [...]

Not all debt will be discharged by filing Chapter 7 or Chapter 13 Bankruptcy. It is important to discuss all of your assets and liabilities with a California Bankruptcy Lawyer so you will understand what debts will not be discharged. In the state of California general debts that will not be discharged can include: Alimony/Spousal/Child [...]