Filing for bankruptcy under Chapter 13

In times of serious financial hardship, many start thinking of giving up on their debts through filing for bankruptcy. The easiest and the fastest way to get your debts written off is filing under Chapter 7 which means instant debt liquidation. Seemingly the most attractive, Chapter 7 brings a pool of consequences many are notContinue reading

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