Most of the time, the credit card debt you’ve incurred will be discharged in a chapter 7 bankruptcy. However, if you incur debt on your credit card with malicious intent, it probably won’t be discharged by filing for chapter 7 bankruptcy. Putting charges on your credit card without intending to pay them back—particularly when you know you’re...
Filing for bankruptcy is an intricate process, and getting audited as a result can make the situation even more complicated. While all bankruptcy cases are monitored by a bankruptcy trustee appointed by the court, not all bankruptcy cases will be audited. In fact, only a small number of the bankruptcy cases filed each year are selected to...
It can be frustrating to learn that you don’t qualify for a chapter 7 bankruptcy when that is your preferred option. However, it’s important to keep in mind that you may still have an option for filing bankruptcy. Chapter 13 bankruptcy can be a great way to help you out of debt if you don’t qualify for a...
You’ve likely heard of bankruptcy. It is relatively common and it is usually spoken about in a negative context because people often have to use bankruptcy to get out of an unfavorable financial situation. However, it’s important to understand that bankruptcy can provide a real solution to people who are struggling financially. Read on to learn...
Filing for bankruptcy is a big decision to make, but it is a tool that can significantly help those who need it. If you are in financial trouble, you may be thinking about filing for bankruptcy. According to the United States Courts, “All bankruptcy cases are handled in federal courts under rules outlined in the U.S. Bankruptcy Code.”...
Finding yourself in financial turmoil can be a challenging and stressful situation to endure. You’ve likely exhausted all of your other options in an attempt to get your head back above water. Considering filing bankruptcy can be a frightening thought, but we’re here to remind you that bankruptcy is not a death sentence. You can still live...
When you think of bankruptcy, most likely, frightening and worrisome thoughts come to mind. However, it’s important to remember that bankruptcy is a tool provided to help you, not hurt you. While there are often negative consequences of filing for bankruptcy, doing so can also provide many benefits that can help you get out of financial trouble. Read on to...
This is often one of the biggest concerns people have when it comes to filing bankruptcy. Your home is important to you, and rightly so. Unfortunately, there is no cut-and-dry answer when it comes to retaining your home. There are several factors that come into play regarding keeping your home during bankruptcy. Here’s what you need...
If you are in serious financial ruin, declaring bankruptcy may be your only option. If this is the case, it’s important to know what you can lose as a result of this declaration. Here’s what you need to know about the two most common bankruptcies: Chapter 7 Bankruptcy Chapter 7 is the most common bankruptcy that people declare,...
There are serious implications of filing for bankruptcy, no matter which Chapter you file. However, each Chapter is unique in its own way, so it’s important to understand the particular implications of each type before making the decision to file for a certain type of bankruptcy. Here are the differences you should know: Chapter 7 Chapter...
