Bankruptcy Blog

Unfortunately, not all personal debt will be discharged by filing Chapter 7 or Chapter 13 Bankruptcy. The types of debts which are not discharged are outlined at the federal level in the United States federal bankruptcy code. If you live in the state of Arkansas, the following debts will not be discharged.

Federal, state and local [...]

If you do not pass the means test or if you have assets that you would like to keep, Chapter 13 Bankruptcy may be your best option. Chapter 13 Bankruptcy does not immediately discharge debt but will require you to pay at least a part or all of your debt to your creditors over a [...]

In 2005, new bankruptcy laws were passed by the United States Congress to encourage more individuals to pay off all or a percentage of their personal debt by filing Chapter 13 Bankruptcy. As a result, many individuals no longer qualify to file Chapter 7 Bankruptcy.
Chapter 7 Bankruptcy is a liquidation bankruptcy where a debtor (individual, [...]

Almost five individuals out of one thousand have had to file bankruptcy in Arkansas in 2009. To date, there have been almost four thousand bankruptcy filings in Arkansas. If you live in the state of Arkansas you know that home foreclosures are on the rise and the economic climate is dismal. Filing bankruptcy may be [...]

Filing Chapter 7 Bankruptcy or Chapter 13 Bankruptcy will not discharge all debt. Federal bankruptcy law outlines non-dischargeable debt. In the state of New Jersey, non-dischargeable debt will be the same as in other states. If you are considering filing bankruptcy in New Jersey, it is important to discuss what debt you have that may [...]

Many people will not qualify to file Chapter 7 Bankruptcy, or they will have assets they would like to keep. Filing Chapter 13 Bankruptcy is another option. Chapter 13 Bankruptcy is not a liquidation bankruptcy and it will not immediately discharge your debt, but it can stop a home foreclosure, end a repossession or eliminate [...]

The most common type of bankruptcy is Chapter 7 Bankruptcy. Under Chapter 7 Bankruptcy, a trustee is appointed to sell your assets and use the proceeds to pay your priority creditors. Creditors are paid in the order outlined in the federal bankruptcy code. Chapter 7 Bankruptcy is considered a liquidation, which means most of your [...]

If you are considering filing Chapter 7 Bankruptcy or Chapter 13 Bankruptcy in New Jersey, it is important to contact a New Jersey Bankruptcy Attorney. Bankruptcy is a legal process which may allow you to:

Stop creditor calls
Stop a home foreclosure
Discharge most of your unsecured debt
Eliminate medical bills
Eliminate credit card debt
Stop wage garnishments

Over one million individuals [...]

Certain types of debt are considered non-dischargeable and will not be discharged or eliminated by filing Chapter 7 Bankruptcy or Chapter 13 Bankruptcy. Federal bankruptcy law outlines all non-dischargeable debt for all states. Nebraska non-dischargeable debt will be the same as all other states. If you do not continue debt repayment for non-dischargeable debt, collection [...]

Many people will not qualify to file Chapter 7 Bankruptcy and others have assets that they do not want to liquidate. Filing Chapter 13 Bankruptcy may be another option.. Chapter 13 Bankruptcy will not immediately discharge your debt, but will instead, allow you to create a 3 to 5 year bankruptcy plan to repay all [...]