Bankruptcy Blog

Due to the new requirements, many individuals will no longer be able to file Chapter 7 Bankruptcy. Filing Chapter 13 Bankruptcy may be another option. Chapter 13 Bankruptcy will not immediately discharge your personal debts, but it will allow you to create a 3 to 5 year plan to repay all or most of your [...]

Many individuals will not be able to file Chapter 7 Bankruptcy. If you can not file Chapter 7 Bankruptcy due to your income levels or if you have assets that you do not want to liquidate, filing Chapter 13 Bankruptcy may be a good option for you. Chapter 13 Bankruptcy will not discharge your unsecured [...]

Many individuals who can not qualify for Chapter 7 Bankruptcy, or who have assets they would like to keep, may be able to file Chapter 13 Bankruptcy. Chapter 13 Bankruptcy is not a liquidation bankruptcy and it will not allow for an immediate discharge of your unsecured debt, it will however, allow you to restructure [...]

If you do not qualify for Chapter 7 Bankruptcy because your income is too high or if you have assets and property you would like to keep, filing Chapter 13 Bankruptcy may be another option. Unlike Chapter 7 Bankruptcy, it does not discharge your debts immediately, but you will require you to repay most or [...]

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 [...]

If your income is too high to file Chapter 7 Bankruptcy, or you have a home and other properties you do not want to liquidate, filing Chapter 13 Bankruptcy may be another option for you. Chapter 13 Bankruptcy will not immediately discharge your debts but it may allow you to: stop home foreclosure, end repossession, [...]

If you are not eligible to file Chapter 7 Bankruptcy, or if you have assets or property you wish to keep, filing Chapter 13 Bankruptcy in Illinois may be the best option for you. Unlike Chapter 7 Bankruptcy, Chapter 13 will not provide an immediate discharge of your debts, but will instead allow you to [...]

Filing Chapter 13 bankruptcy in Ohio can stop foreclosure on your home and give you the breathing room you need to get out of debt. Talk to a local Ohio bankruptcy attorney to find out if the protections of Chapter 13 bankruptcy can help you.

A recent press release issued by RealtyTrac, a national database for foreclosed properties, said recently that if foreclosure filings continue on their current pace, one million homeowners will lose their homes in 2008, up from 400,000 in 2007.
Recent economic news leaves little doubt that more foreclosures are likely this year. Trouble in the credit markets [...]

Stopping foreclosure proceedings on your home should be a top priority. A bankruptcy attorney can help you keep your home and avoid foreclosure. Owning your own home has always been part of the American dream. Sometimes unforeseen circumstances can lead you to fall behind on mortgage payments, including a medical crisis, loss of employment, divorce [...]