Can bankruptcy deal with alimonies and Student’s debt?

According to the Bankruptcy Code, not all types of debts can be discharged. Even if one is filing under Chapter 7 which implies instant debt liquidation, some debts will stay as his financial obligations till the end of life. What are these non-dischargeable debts? These are alimonies, child support, taxes and Student’s debts. Still, manyContinue reading

10-steps practical guide on recovering from personal bankruptcy

Bankruptcy can become a long-awaited relief from unmanageable debts you’ve collected over years. If you have realized that bankruptcy is your only option and decided to file for it, you should be prepared for a post-bankruptcy period that many meet with a depressive state of mind. Let this guide become your assistant in recovering fromContinue reading

The positive and negative consequence of personal bankruptcy

A personal bankruptcy is a very common thing nowadays and still it is surrounded by myths and fears that many cannot overcome. Surely, debt relief inevitably brings consequences that are both negative and positive. Contrary to common belief bankruptcy is not “the end of life”; in fact – it’s sooner a beginning of life freeContinue reading

Rich and famous who went bankrupt!

Contrary to common belief bankruptcy is faced by many famous and wealthy people too. Nothing is guaranteed in life and celebrities also know how to suffer from financial hardship, moreover, their fall hurts much more, because they fall from highest heights of social and financial peaks. Hundreds of cases of bankruptcy where well-known people areContinue reading

The TOP myths, benefits, and risks of filing for bankruptcy

We have collected the most common and controversial myths and opinions about filing for bankruptcy to finally make it clearly explained. So, if you are still in doubts whether you should file for bankruptcy and the roots of the doubts lie in a lack of unbiased information, our review will come in handy.     Continue reading

Filing for bankruptcy: avoid mistakes and get your petition approval!

Filing for bankruptcy is sometimes a long and stressful process, requiring your full attention and accuracy in everything: from filling the forms to calculating the income, expenses, and debts. Needless to say, but a single mistake may cost you a refusal from the U.S. court. As a result you will be banned from the possibilityContinue reading