Minimum Debt for Filing Bankruptcy A Chapter 7 bankruptcy case can be a great thing for those who have been weighed down by tons of credit card debt. People facing foreclosure, heavy medical bills, and other creditors, can benefit from a Chapter 7 bankruptcy filing. But before you go to a bankruptcy attorney and begin [...]
The pandemic has overwhelmed many people with piles of medical debt, credit card debt, and tax debt. Bankruptcy protection has saved many Americans from their financial problems and given them a fresh start in life. A home is one of the valuable assets people can have so it’s understandable for you to want to protect [...]
Bankruptcy is a proceeding made by insolvent debtors that are unable to pay their creditors so that they can have a fresh start. Declaring bankruptcy enables you to discharge or reorganize your debts while letting you keep certain property. If you file for bankruptcy, you will be given bankruptcy protection that will stop debt [...]
Learning how to file a Bankruptcy Chapter 7 petition can be quite complex. What some people would consider as the first steps in filing for bankruptcy would be to undergo bankruptcy counseling and take the means test. While this is true, the first two things you must do would be: to research common questions [...]
Consumer bankruptcy helps an individual resolve debt under federal court protection. There are several bankruptcy types suited for different circumstances. A Chapter 7 bankruptcy type will likely have unsecured debts (such as personal loans, medical bills, credit card debt, and others with no collateral involved) forgiven or discharged. The automatic stay will also give [...]