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

How to file for bankruptcy without the attorney?

Filing for bankruptcy may turn into the challenging and stressful process and therefore many rely on attorney’s expertise in order to increase chances of success. Services of an attorney may cost you unexpectedly much, besides, there is nothing complicated in filing for bankruptcy, especially if you have all the knowledge about each step of theContinue reading