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Blog Posts in Chapter 7 Bankruptcy

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  • Chapter 7 No-Asset Bankruptcies
    Chapter 7 No-Asset Bankruptcies

    Chapter 7 bankruptcy is commonly known as the “liquidation bankruptcy” because a bankruptcy trustee can sell (liquidate) some of a debtor’s property to pay creditors. This may occur when the debtor ...

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  • Should I Avoid Credit After Bankruptcy?
    Should I Avoid Credit After Bankruptcy?

    For a lot of debtors, the hardest part of filing for bankruptcy is arriving at the decision to do so. When the debtor realizes that it’s going to be too difficult, if not impossible to catch up with ...

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  • Priority vs. Nonpriority Debts in Bankruptcy
    Priority vs. Nonpriority Debts in Bankruptcy

    If you decide to file Chapter 7 or Chapter 13 bankruptcy, some of your debts will be classified as “priority debts” while others will be classified as “nonpriority debts.” Which group a debt is ...

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  • Bankruptcy: Secured vs. Unsecured Claims
    Bankruptcy: Secured vs. Unsecured Claims

    When you file bankruptcy , you will have to list all of your creditor claims in your bankruptcy paperwork. As you start your Chapter 7 or Chapter 13 bankruptcy case, you will have to separately list ...

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  • What Bankruptcy Can't Do
    What Bankruptcy Can't Do

    If you’re currently in a lot of debt and you can’t see any way out, filing for bankruptcy may be the most powerful and effective tool at your disposal. Bankruptcy stops most creditors dead in their ...

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  • Pros & Cons of Filing a Chapter 7 Bankruptcy
    Pros & Cons of Filing a Chapter 7 Bankruptcy

    If you are experiencing crushing debt and you are now considering filing Chapter 7 bankruptcy, you’ll want to do your research before you make a decision. One aspect of your research should be ...

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