Bankruptcy Blog Archives

In today’s difficult economy, many individuals are feeling the effects of the credit crisis, declining home values and increase in unemployment. If you have suffered a financial set back and you are unable to pay your bills, filing bankruptcy may be an option for you. No one wants to file bankruptcy, but fortunately, the federal [...]

Certain debts will not be discharged by filing Chapter 7 or Chapter 13 Bankruptcy. All non-dischargeable debts are determined by United States bankruptcy law. In the state of New Hampshire, the non-dischargeable debt will be the same as all other states. It is important to discuss all of your debt with a New Hampshire Bankruptcy [...]

If you do not qualify to file Chapter 7 Bankruptcy, you may be able to file Chapter 13 Bankruptcy. Chapter 13 Bankruptcy will not immediately discharge your debt, but it will allow you to keep many of your assets, stop home foreclosures, repossessions and wage garnishments. Chapter 13 Bankruptcy will allow you to work with [...]

Individuals, corporations, partnerships, and married couples may all qualify to file Chapter 7 Bankruptcy. Chapter 7 Bankruptcy is the most common bankruptcy and can be used to discharge your most unsecured debt with in four to six months. Chapter 7 Bankruptcy is a liquidation of your assets by an appointed trustee, who will use the [...]

Certain assets will not be discharged by filing either Chapter 7 Bankruptcy or Chapter 13 Bankruptcy. Failure to continue to pay these debts will allow creditors to continue all legal debt collection efforts. Non-dischargeable debt is outlined at the federal level. In the state of Vermont, non-dischargeable debt will be the same as in other [...]

Many individuals in Vermont will not qualify to file Chapter 7 Bankruptcy. If you have assets you would like to keep or if your income is too high, filing Chapter 13 Bankruptcy may be another option for you. Chapter 13 Bankruptcy will not liquidate your assets or discharge your debt immediately, but it can be [...]

There are certain assets that are outlined in federal bankruptcy law that will not be part of the bankruptcy process. These assets are called exemptions. Exemptions were created to help you keep enough property and assets to be able to start over after bankruptcy. Certain states have created their own bankruptcy exemptions and depending on [...]

Chapter 7 Bankruptcy is the most common type of bankruptcy. It is also the quickest, easiest and least expensive. Chapter 7 Bankruptcy will liquidate your assets and use the proceeds from the sale to pay your creditors. Your creditors will be paid in the order outlined under federal bankruptcy law. If you do not have [...]

If you are facing a financial crisis, you may be looking for a solution. There is no right answer about whether or not bankruptcy is right for you, but there may be several reasons to consider filing personal bankruptcy. Are you: Unable to make your mortgage payments month after month Facing a home foreclosure Suffering [...]

Chapter 7 Bankruptcy is a “liquidation” bankruptcy, which means a court appointed trustee will sell your non-exempt assets and use the proceeds from the sale to pay your creditors. Creditors will be paid in the order designated under federal bankruptcy law. If you are an individual, corporation, partnership or couple, you may qualify to file [...]