Chapter 13 Bankruptcy Explained (2021)

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Bankruptcy - There Is Life After Bankruptcy

Helpful insight when dealing with a bankruptcy. It can be one of the most challenging periods in your life. But it is just that, a period. This too will pass and there is life after bankruptcy.

Bankruptcy Vs Debt Settlement - A Comparison

If debt is getting the better of you, it is time to seek debt settlement. With financial crisis eating at your mental peace, it is important to understand how the liabilities lead to bankruptcy.

Getting Credit After Bankruptcy

Many people who seek bankruptcy protection often worry about their chances of getting credit in the future. While it isn't uncommon for people to see a boost in their credit standing after receiving a debt discharge, not all lenders are willing to provide credit cards to people right after a bankruptcy. On the other hand, there are several credit card companies that actually target post-bankruptcy consumers as their main audience.

Can I Keep My Car If I File Chapter 7 Bankruptcy?

The answer to that question is it depends? Unfortunately that answer is applicable to many legal questions, because many legal questions depend heavily on the particular facts and circumstances of an individuals case. So what are the general rules that govern what happens to your car in a Chapter 7 bankruptcy?

Chapter 7 Bankruptcy Leads To A Healthy Financial Future

The Chapter 7 bankruptcy process is one that is fairly straight forward and simple. The process starts out with a gathering of information.

Misconceptions About Bankruptcy

The bankruptcy process can be scary enough for most people, but when you add in the numerous misconceptions and myths associated with it many people shy away from ever filing. While the need for bankruptcy is not a situation anyone desires to be in, there are definite benefits associated with it for those experiencing financial hardships. It is unfortunate that many of these myths deter people away from taking advantage of the valuable asset that bankruptcy can be.

Holiday Debt Hangover Cures

Credit card spending has become an epidemic in America over the last few years. As a result, personal debt burdens continue to rise and many people have been forced into bankruptcy over economic pressures and poor spending habits. While the holiday season has passed, too many of us will be paying for these purchases for the next year in high interest fees.

Filing Bankruptcy For A New Year's Debt Relief

With Christmas past and the New Year is fast approaching, many Americans will be faced with the dilemma of what to do about their debt situation. Most people make some sort of New and Year's resolution ever year and this year will be no different. Getting out of debt might be the best New Year's resolution that anyone could possibly think of.

Overcoming Your Financial Problems and the Stigma of Bankruptcy

The number of people with credit card debt or in debt in general is soaring in the past years. This is not at all surprising considering the tough competition that capitalism brings. Hence, a lot of people declare themselves bankrupt as a result of their inability to pay for their expenses.

Chapter 7 of the Bankruptcy Code: What Happens Next to Bankruptcy?

When a business becomes incapable of paying its debts, the owner can file for bankruptcy to resolve the issue with the creditor. In some cases, the creditor forces the owner to file for bankruptcy. Chapter 7 of the US Bankruptcy Law enables creditors to recover their investments through specific legal measures.

Is There Protection From Discrimination For Bankruptcy Filers?

There are protections under the bankruptcy code to make sure anyone who files bankruptcy is not discriminated against because of their bankruptcy filing. Most of these protections are found under section 525 of the bankruptcy code. Generally, section 525 provides protection against discrimination from governmental units, and private employers. So lets look a little deeper and find out what protections there are against discrimination for people filing bankruptcy.

Declaring Bankruptcy: Chapter 7 Vs Chapter 13

Despite your best efforts, your finances are simply upside down and you are considering declaring bankruptcy. You are aware that it can provide relief and allow you to restructure your debt and settle obligations with the bankers, but is it right for you?

Things To Do Before You File Bankruptcy

There are numerous misconceptions and myths associated with bankruptcy that prevent many people in need from benefiting from the process. Although the process is not inherently difficult, there are many that still find the process to be challenging. In fact, it isn't uncommon for people to file unsuccessfully or have their case dismissed due to a missed step of the process. This makes it all the more important that consumers get educated about the process and understand the requirements before filing their case. The best way to maximize success is through preparation.

Guidelines On Bankruptcy Discharge

A discharge from bankruptcy is the main reason why anyone would file for bankruptcy, particularly Chapter 7. If the debt has been discharged a debtor will be released from his or her legal responsibility to pay it. Nearly all kinds of debt can be discharged; however, there are debts which survive bankruptcy. Automatic stay is closely associated with bankruptcy discharge since the properties of an individual are going to be put on hold up until the discharge becomes legally effective.

Chapter 7 Bankruptcy: Straight Bankruptcy

Chapter 7 is essentially asset liquidation. In this process, a court-appointed trustee will try to get as much money as possible to repay your creditors. Can be initiated by corporations or individuals.

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