Bankruptcy
Debt Relief
Property & Assets
Bankruptcy FAQ
Chapter 7 bankruptcy offers individuals a way to eliminate most of their unsecured debts and start fresh. Also, it may involve liquidating certain assets to repay creditors. Filing can relieve the burden of overwhelming debt. What does it mean to reaffirm a debt?...
Chapter 7 bankruptcy, often referred to as "liquidation bankruptcy," can be a daunting process. Yet, it's important to know that not everything you own is at risk. Certain exemptions ensure that you can keep some of your property. Homestead exemption One of the most...
One of the most important factors for filing Chapter 7 bankruptcy is the means test. This test determines whether you qualify for Chapter 7 bankruptcy based on your income and expenses. Before you decide if Chapter 7 is right for you, you should know how the means...
If you are contemplating bankruptcy in Alexandria, LA, or the surrounding areas, you probably have concerns about what property, if any, you can keep after filing for Chapter 7 bankruptcy. Some of your assets may fall under the exempt classification, allowing you to...
Suppose you are struggling with significant debt due to a serious illness, job loss, a divorce or another unexpected life situation. In that case, filing bankruptcy may present a beneficial way to find financial relief. However, you might worry about losing your house...
Financial hardship can feel like something that you cannot escape, but Chapter 7 bankruptcy may offer the help you are looking for. More than 300,000 Americans file for Chapter 7 bankruptcy each year, and you may be able to join them in experiencing financial freedom....
Bankruptcy has earned a reputation that leads many people to look down on the process, and people who choose to use it. There are many myths about bankruptcy and those who use it. By dispelling these myths, people can understand how beneficial bankruptcy is to those...
A lot of people start to worry when they look into Chapter 7 bankruptcy. It is true the process involves selling some of your belongings and assets in order to pay off portions of your debt. But it is not a free-for-all. You won’t have a stranger waltz into your home...
If you have found yourself struggling to keep your debt under control, bankruptcy may seem increasingly appealing. Chapter 7 bankruptcy, in particular, offers a host of benefits for those struggling with overwhelming debt. In addition to an automatic stay that...
The short answer to this frequently-asked question is: Yes, it is often possible to file for bankruptcy protection and keep your home. One of the biggest misnomers about filing for bankruptcy is that the process results in losing all of your property and assets. As a...