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The Basics of The Bankruptcy Discharge

Understanding how the bankruptcy discharge works is important in determining whether it is right for you.

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Mortgage and Credit Card Debt Increasingly a Problem for Retirees

According to a recent survey, more older Americans are in financial danger than ever. The survey, recently from the Federal Reserve, found that older individuals are increasingly carrying credit card and mortgage debt into retirement.

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Saving a Home from Foreclosure with Chapter 13 Bankruptcy

Many people are struggling in the current economic climate. Many live paycheck to paycheck, barely making ends meet. All it takes is for one unexpected emergency to send them into a financial tailspin...

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A Chapter 13 Bankruptcy Can Help Save a Home

Deciding to file for bankruptcy is a difficult and challenging decision. There are numerous advantages to filing for a Chapter 13 bankruptcy

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What Is the Bankruptcy Abuse Prevention and Consumer Protection Act?

On April 20, 2005, President Bush signed the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA), which instituted substantial changes to the Bankruptcy Code.

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Resist the Temptation to Use Your Retirement Accounts to Avoid Bankruptcy

It is generally a bad idea to use retirement accounts to avoid bankruptcy.

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What Happens in A Chapter 7 Bankruptcy Proceeding?

A Chapter 7 case begins with the debtor’s filing of the petition with the bankruptcy court, which triggers the automatic stay — bankruptcy terminology for the termination of all debt-collection activity.

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What Is Chapter 7?

Both individuals and businesses may find themselves with more debts than they can pay when due. In such cases, filing for bankruptcy may provide a solution to what seems like an insurmountable problem.

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