Bankruptcy Blog Archives

Filing bankruptcy in Nashville is something most people do not want to think about or talk about. It is something that a lot of people see as complete failure and disaster. Even though it is something that you probably do not want to think about or consider, you may have reached a point where it [...]

If you file Chapter 7 Bankruptcy or Chapter 13 Bankruptcy, there will be certain debts that will not be discharged. Non-dischargeable debts are determined by federal bankruptcy law. Non-dischargeable debt for the state of Connecticut will be the same as other states. Failure to continue debt payments for non-dischargeable debt will allow your creditors to [...]

Chapter 7 Bankruptcy is called a straight bankruptcy. The debtor will give their non-exempt assets to a court appointed trustee who will convert the assets to cash and distribute the proceeds to their creditors. Unsecured debt is generally discharged with in four to six months. Chapter 7 Bankruptcy is a good option for qualifying individuals [...]

Bankruptcy laws are federal laws established under Title Eleven of the United States Bankruptcy Code. Bankruptcy laws were established so individuals could discharge certain types of unsecure debt if they were in a financial crisis and were unable to pay their creditors. There is not a right or wrong answer about when to file bankruptcy, [...]

There are many credit lenders out there today wanting you to put up the equity in your house to get their money for almost any reason you may determine. Amongst the ways you can claim the equity in your home from lenders are by refinancing, securing a second mortgage, a home equity loan,  and a [...]

Filing Chapter 7 Bankruptcy or Chapter 13 Bankruptcy will not discharge all debts. It is important to discuss the types of debt which are not discharged with a Washington Bankruptcy Attorney. Non-dischargeable debt is outlined under federal bankruptcy laws and will be the same in Washington as other states. If you do not continue to [...]

Federal bankruptcy laws have created certain property and assets that will be considered “exempt” or separate from the bankruptcy process. Exemptions were created to allow you to keep these exempt assets so you can start over after the completion of bankruptcy. It is important to discuss all exemptions with a Washington Bankruptcy Attorney. Although exemptions [...]

Individuals who do not qualify to file Chapter 7 Bankruptcy because their income is too high, may be able to file Chapter 13 Bankruptcy. Other individuals will not want to file Chapter 7 Bankruptcy because they will have assets or property they would like to keep. Chapter 13 offers several benefits including the ability to [...]

Most people who file bankruptcy will choose to file Chapter 7 Bankruptcy. Chapter 7 Bankruptcy is a liquidation bankruptcy which means a court appointed trustee will be appointed to sell your property and assets and repay your creditors with the proceeds from the sale. Creditors will be paid according to their assigned priority under federal [...]

The federal government has established bankruptcy laws for individuals who are no longer able to pay their creditors. Bankruptcy laws have created a legal and fair method to distribute a persons remaining assets to their creditors for repayment of their debt. No one wants to file bankruptcy, but over one million individuals found themselves in [...]