Chapter 7

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...

If you're inching closer and closer to filing for Chapter 7 bankruptcy, it's imperative to understand what you're getting into. The way you prepare for this process will help you make the right decisions at the right time. Once you have weighed your options, here are...

No one dreams of the day when they will file for Chapter 7 bankruptcy, as this means something has gone wrong in regards to your finances. If you come to realize that Chapter 7 bankruptcy could help your financial situation, it makes sense to learn more. While you...

You hope that your finances will always remain in good standing, but there could come a time when you have no choice but to think long and hard about Chapter 7 bankruptcy. There are many reasons to file for Chapter 7 bankruptcy, including the following: A fresh start:...