Bankruptcy Blog

Bankruptcy stories have been the subject lately of many television broadcasts, newspaper articles, Internet stories and even Twitter Tweets. You have probably heard about the Kmart bankruptcy and the Ritz Camera bankruptcy, and almost everyone knows something about the GM bankruptcy. With all of this talk about bankruptcy, you may have questions about what bankruptcy [...]

California’s economic situation has mirrored the nations, with financial crises in capital markets and bank financing and decreased home prices. If you live in California, you probably have not been immune to these conditions and you may be considering filing Chapter 7 Bankruptcy. If you are facing a financial meltdown, you are not alone. It [...]

Filing Chapter 7 Bankruptcy can eliminate most of your unsecured debt with in four to six months. Filing Chapter 13 Bankruptcy can allow you to repay your creditors with a restructured debt repayment plan with in three to five years.
If you are unable to pay your creditors and you are facing a financial crisis, filing [...]

Even though bankruptcy is something that you probably do not want to think about or consider, you may have reached a point where it is impossible to pay your debtors. If this is true, it is an option that you may need to look into.
It may help to have a clear understanding of what bankruptcy [...]

If you do not qualify for Chapter 7 Bankruptcy, or you do not want to liquidate your assets, you may still be able to file Chapter 13 bankruptcy. Chapter 13 Bankruptcy will not discharge all of your unsecure debts immediately, but it may allow you to:

Stop a home foreclosure
Stop property repossessions
End certain wage garnishments
End harassing [...]

Bankruptcy law was passed in 2005 which made it more difficult to file Chapter 7 Bankruptcy. Under the Bankruptcy Abuse Prevention and Consumer Act (BAPCPA) individuals must now take a credit counseling course prior to the filing bankruptcy, pass a financial management course prior to the discharge of their debt and pass an income test [...]

Filing bankruptcy in Fresno is something you may want to consider if your credit card debt seems to be out of control.
Even though it is something that you probably do not want to think about or consider, you may have reached a point where it is impossible to pay your debtors. If this is true, [...]

Filing bankruptcy in Detroit 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 is [...]

Some property and assets will be exempt from the bankruptcy process and can not be sold to meet your debt obligations. Exemptions are outlined in federal bankruptcy laws, but some states have created their own lists. In many states you can choose to use either the state bankruptcy exemption list or the federal bankruptcy exemption [...]

If you are unable to file Chapter 7 Bankruptcy because of your income or if you do not want to liquidate your property, filing Chapter 13 Bankruptcy may be another option. Chapter 13 Bankruptcy will not discharge your debt immediately but it will allow you to restructure your debt payments into a new bankruptcy repayment [...]