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

15 key things to know before filing for bankruptcy

It doesn’t matter whether you file for bankruptcy “pro se” (on your own, without a lawyer) or you get a guidance from a professional bankruptcy attorney, it’s always better to know all the facts, rules and potential threats to avoid unexpected and unwanted consequences. Here are the TOP-15 facts everyone who file for bankruptcy shouldContinue reading

Top 6 signs it is time file for bankruptcy

Life can be tough and unpredictable whatever optimistic you are. Seeing your future bright and wealthy is a good thing, but being realistic about the current financial situation is even better. Bankruptcy is unfairly perceived as a dead end in terms of financial and social life, while it is a totally wrong idea. Filing forContinue 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