Chapter 7

Bankruptcy offers you protection from creditors taking any further action against you, and this includes seeking a judgment against you once you’re in the process of seeking the court’s protection from creditors. However, an existing judgment against you can affect your bankruptcy filing depending on whether or not you’re a homeowner, or you are the […]

The purpose of filing for bankruptcy is to give you a second chance in life to make responsible financial decisions, and to use credit sensibly. The new requirement for pre-filing credit counseling and post-discharge debtor education aims to educate people in the proper management of their finances.   Not everyone learns from their mistakes though,

If you never learned how to make sound financial decisions, then there’s every possibility you don’t know exactly who your creditors are. As your debts mount you might find that your creditors “sell” your debt to other companies who will then attempt to reclaim the money owed by you. You could quite easily receive bills

Nobody wants to think that they\’ll ever have to face bankruptcy, but this in itself leads to the problem of some people living in denial, even when there are obvious warning signs that their finances are completely out of control. Living in debt has now become the norm for almost everyone in developed countries –

Bankruptcy allows people from all walks of life to clean their financial slate and start all over again, namely by either reorganizing their finances or having their debts discharged. This entire legal process is something you can consider to be one of your rights as a citizen of the United States. The bankruptcy process, however,