If you have decided to file bankruptcy, it is in your best interest to hire a qualified bankruptcy attorney. Bankruptcy law is not as simple and straightforward as it may appear. Every case is different since everyone’s...
Bankruptcy laws can be challenging to navigate through, the steps can be complicated, and different states have different exemptions. The U.S. Bankruptcy Code is divided into “Chapters.” Each chapter represents a section...
Certain types of debt cannot be wiped out during the course of bankruptcy. If you wish to continue to live in your house, you must continue to make house payments. If you want to keep your vehicle, you must continue to make...
Chapter 7 personal bankruptcy is also known as the liquidation bankruptcy. This type of bankruptcy liquidates all of your unsecured debts without a repayment plan. You must forfeit all of your nonexempt property to the...
If you get behind in your debt, some creditors can seize the property that is used as collateral and sell it to recover some of the debt. Unsecured debt, however, such as credit cards, loans, and medical bills are harder for...
