You will have several decisions to make when it comes to your Chapter 7 bankruptcy concerning how you want your debts to be handled. Many individuals are under the impression that they can just file for this type of relief and all their debts are wiped clean. This is...
Most likely if you qualified for a Chapter 13 bankruptcy at that time you entered into it with the good intention of following your approved payment plan. Circumstances can change however, and the bankruptcy courts realize this. If you are no longer able to honor your...
Once you get into a tough financial spot it can mean that you have to make some tough decisions to help you get it under control. Often it means that you may be getting behind on your mortgage payments. This is no doubt causing you many sleepless nights, and a great...
Some people feel embarrassed that when they file for bankruptcy that they have to attend credit counselling and debtor education sessions. Each state has their own rules concerning this. The reason for this is the bankruptcy courts don't want individuals ending up in...
There are so many legal terms that present themselves when it comes to bankruptcy proceedings it can be totally frustrating for the individual who is trying to get themselves back on track by using bankruptcy as a financial relief. One very common term that they know...
As you can probably guess when it comes to any court proceedings there is usually a ton of paper work involved, and bankruptcy is no exception. The paper work will vary depending on whether you are filing a Chapter 7 or Chapter 13 bankruptcy, but in either case there...
Generally speaking the U.S Trustee oversees some of the workings of the bankruptcy case trustee. The majority of times the individual filing for bankruptcy has no direct dealings with the U.S Trustee, however this individual is still playing an important role through...
Most people file for bankruptcy because they want to avoid lawsuits. However, even in a bankruptcy, law suits can be filed and these are called adversary proceedings. It comes about because one of the parties involved has filed a complaint. This could be any one of...
If you are deciding to go bankrupt you may qualify for a chapter 7 or chapter 13 bankruptcy. As a married person you also have the option of filing jointly as a married couple, or just yourself. If you decide to file jointly then it may be that more of your property...
