When you start a bankruptcy case, the court considers all of your property to be part of your estate. Any property you get after you start your case will not be included in the estate, and you will not need to inform the...
When you file Chapter 13 bankruptcy, you will submit a plan to the courts outlining how you intend to make the payments to catch up on your debt. Certain debts will need to be paid in full during your case. Priority debts are...
The automatic say stops creditors from contacting you to collect on a debt. As soon as you file bankruptcy, the automatic stay goes into effect. Phone calls, letters, foreclosures, evictions, and garnishments are some of the...
When you are deciding if filing for bankruptcy is an option for you, there are a few things that you need to take into consideration. If your monthly income for the six months before filing is above your state’s median,...
When the bankruptcy laws changed in 2005, the credit counseling agencies changed from helping set up a budget and financial planning to be a mandated step before your bankruptcy can be completed. Scams Not all credit and debt...
