Tag Archives: Chapter 7 Title 11 United States Code

Can I file bankruptcy on my own?

Filing bankruptcy with the assistance of a bankruptcy attorney can be expensive, especially if you are struggling to pay for your basic financial needs. But do you really need a lawyer to file bankruptcy? Is there no way for you to file bankruptcy on your own and save the legal costs? Recently on our legal forum a user asked, “Can I file bankruptcy on own, and if so, what do I need to do to get started?”

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Better Understanding the Chapter 13 Bankruptcy

In bankruptcy law, it is often good to reiterate bankruptcy terms to the average layman. The more information you have about a particular circumstance, the more likely you will make better judgments in dealing with the circumstance. This article is being written to reiterate a better understanding of the chapter 13 bankruptcy. Continue reading

Advantages and Disadvantages for Filing a Chapter 7 Bankruptcy

The average layman is not familiar with bankruptcy terms and often may not understand every purpose for filing for bankruptcy protection. Since filing bankruptcy helps debtors to start a financially fresh new life, bankruptcy laws have been written in an attempt to meet any financially bankrupt situation a debtor may find themselves. There are many types of bankruptcies a debtor can file, and each type has its own advantages and disadvantages for filing them. This article is about the advantages and disadvantages for filing a chapter 7 bankruptcy. Continue reading

Understanding the Concept of the Confirmation Process in Bankruptcy

A confirmation in bankruptcy is a bankruptcy judge’s approval of a plan of reorganization or liquidation in certain types of bankruptcies. This article has been written to help the layman better understand the concept of the confirmation process found in bankruptcy. Continue reading

Voluntary Filings in the Bankruptcy Process

In bankruptcy law, there are different types of chapters within bankruptcies, but there are only two ways these types of bankruptcies can be filed- voluntarily or involuntarily. Most bankruptcies filed are voluntary filings in the bankruptcy process. Continue reading

Why File Bankruptcy as a Small Business Under Chapter 11?

According to the U.S. Census Bureau, small businesses employing four employees or less represent about 93% of the total gross income made by all businesses in the United States. The greatest majority of small businesses fail before they ever reach the age of five years old, and many of them are forced into bankruptcy protection. Why should a small business debtor file for bankruptcy protection under a chapter 11 instead of some other type of bankruptcy? Continue reading

Metaphors in the Language of Bankruptcy

Bankruptcy law can be complicated and confusing to the average layman. That is why the American judicial system certifies lawyers that have been educated in the field of bankruptcy law. Bankruptcy attorneys are formerly trained to help the average layman better understand bankruptcy laws so the layman can make informed decisions when going through the judicial system available to them. To complicate the issues, there are metaphors in the language of bankruptcy. Continue reading

Is it Always Best to Handle A Foreclosure Through Bankruptcy?

 Many bankruptcy sites and forums emphasize the importance of the automatic stay in bankruptcy, especially when it comes to foreclosures. These sites might suggest to you that filing bankruptcy is the best way to stop the foreclosure process. But, is it always best to handle a foreclosure through the bankruptcy process? Continue reading