Chapter 7

Through no fault of your own, you may find yourself enduring financial difficulties. If you’re behind on payments or have mounting debts, you might be considering bankruptcy. Filing can provide you the relief you need within a short period. Yet you may lack the...

If you're considering filing for Chapter 7 bankruptcy, it's essential to know what the various steps are in the process. One of the most important ones is the 341 meeting. The name refers to a section of the bankruptcy code. This meeting is held with your...

Many Americans are dealing with medical debt they simply can't pay off. Even people with health insurance often have substantial deductibles, co-pays and large amounts of their bills that their plans don't cover. As medical debt increases, hospitals are more...

Two of the most important things that Chapter 7 bankruptcy does is allow you to discharge many of your debts and stop creditors from trying to collect on debts during the pendency of the bankruptcy proceedings. The latter is accomplished by an automatic stay. Under...

You've made the decision to file for bankruptcy. You've determined that it's the best option for dealing with your debts and getting a fresh start. You'll be busy with the bankruptcy process and adjusting to the changes in your life that come along with it. At some...

Chapter 7 bankruptcy focuses on reducing and eliminating the debts of those who have low incomes or high debt-to-income ratios. With a Chapter 7 bankruptcy, you might have some of your assets liquidated in order to pay back some or all of what you owe. The good thing...

When facing serious financial trouble, it's natural to learn more about Chapter 7 and Chapter 13 bankruptcy. You may never go down this path, but the information collected will help you better understand your situation. The benefits of Chapter 7 bankruptcy are easy to...

When you find yourself struggling to pay your bills, bankruptcy may be the best option. Bankruptcy allows you to discharge your debts. In some cases, you can get rid of your unsecured debts, like credit card debt and medical debt. Other times, you have to enter into a...

It's easy to lose track of how much debt you have. Unfortunately, if this happens, you'll find it difficult to steady your situation and make informed decisions regarding your financial future. Here are four signs that you're carrying too much debt: You don't know the...

No one wants to file for bankruptcy. However, if you find yourself facing financial difficulties, it may be the best thing you can do. Taking this step can help you reduce or eliminate your debt, while giving you the fresh start you need. There are many situations...