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Category: Chapter 7

8 Jan, 2013
Reaves & Lee

Debt Liability After A Discharge

The sole purpose of bankruptcy is to provide you with debt resolution and relief from liability over old debts. This is generally done at the time of debt discharge, meaning your debts become uncollectible once the court...

26 Nov, 2012
Reaves & Lee

Measures In A Means Test

Filing for bankruptcy requires some time and patience. There are several “hoops” to jump through from qualifying to completion, all of which is guided by some very specific rules.  One of the first of these hoops...

20 Nov, 2012
Reaves & Lee

Credit Card Purchases and Bankruptcy

Credit cards are one of the most common sources of debt among Americans today. Although not the main factor behind bankruptcy cases, they certainly can contribute to an already fragile financial state. When it comes to using...

8 Nov, 2012
Reaves & Lee

Preparing For Chapter 7

Tough times are impacting all of us and many people simply cannot afford to meet their financial obligations. The bankruptcy process can be a way to start fresh and regain control over their financial lives. However, anyone...