If you’re having trouble meeting your financial obligations, a Chapter 13 bankruptcy can be a lifesaver, giving you the breathing room you need while allowing you to catch up on unsecured debt. Even student loans, which are quite difficult to discharge, can be effectively managed through a Chapter 13, even though in some cases they
When you file for bankruptcy, all of your assets are made part of your bankruptcy estate. In most cases, figuring out what your own your assets is easy. Will you be allowed to keep an inheritance that you become entitled to when preparing to file a bankruptcy or even after you file? ? That all
Although bankruptcy can give you a fresh financial start, it’s important to understand what types of debt you can and cannot discharge. Filing for Chapter 7 bankruptcy can help you regain your financial footing as long as most or all of your debt is dischargeable. Some examples of dischargeable debt are: Credit Card Debt Credit card
There is a lot of talk about filing for bankruptcy on the Internet, but not a lot about what happens afterwards. After a successful filing with the help of a bankruptcy lawyer, you can expect: Discharged Debts: For most borrowers, the most attractive result of filing for bankruptcy is the elimination of most unsecured debts.
The results of a recent study released by Professors Robert Lawless and Jennifer K. Robbennolt of the University of Illinois Law School seems to suggest that people who file for bankruptcy would fare greater chance of success if they would apologize for getting into debt. Really? I mean really. What this study suggest is wrong on
When the creditor who harassed you claims in Bankruptcy Court he didn’t mean to violate the automatic stay, the Bankruptcy Judge will side with you and award damges.