Frequently Asked Questions about Bankruptcy

What is the difference between Chapter 7 and Chapter 13 bankruptcy? Chapter 7 bankruptcy is called a Liquidation bankruptcy and one can only file under it if his income is low enough (according to the Means Test). Chapter 7 bankruptcy writes off all debts instantly and at once, leaving the debtor “clean”. His bank cardsContinue reading

Avoid these bankruptcy frauds by all means

If you are about to take an important step to solve your financial hardship and get rid of the debt burden, here is the great piece of advice what you should not do when filing for bankruptcy. Unfortunately, many people are tempted to soften a bitter taste of bankruptcy status by trying to fool U.S.Continue reading

“Pro se” bankruptcy vs. bankruptcy lawyer – what’s the difference?

Bankruptcy is often the last hope for those who found themselves buried under the pressure of debts. For many successful bankruptcy means the start of a new life where one can finally live fearlessly, without everyday stress caused by collectors. When made wisely, bankruptcy process writes off the debts while allows a person keep aContinue reading