Author Archives: christina

There are two types of bankruptcies that individual consumers file; Chapter 7 and Chapter 13. Chapter 7 involves liquidation of assets and completely discharging a person’s debts and thus freeing them of the obligation to pay. Chapter 13 is a little bit more complicated. Chapter 13 bankruptcy is also referred to as a reorganization plan [...]

After your bankruptcy is discharged, you will likely find your credit rating is less than ideal. In fact, before filing bankruptcy, your credit was probably not the greatest either. The good news though is that now you have a clean slate and can take advantage of a fresh start. The downfall of filing bankruptcy, is [...]

Choosing a bankruptcy lawyer should be a more complicated process than just going through the letter B in the phone book. Here are some questions to consider asking the attorney before your bankruptcy is filed. What Are My Options? When you consult with an attorney, you should be able to ask what your options are. [...]

You may be wondering what exactly happens after you have filed your bankruptcy and completed the process. Don’t worry, you aren’t branded. People don’t know when they look at you that you had to file bankruptcy. It will however, appear on your credit report. There was a time when people believed that a bankruptcy on [...]

Contrary to popular belief, Chapter 7 bankruptcy is not just a get-out-of-paying-bills free card. Although it is a relatively painless process, it is a more complicated process than just a game one plays when they don’t want to pay their bills. Although there are those will abuse the process and not take bankruptcy seriously, there [...]

If you have decided to file bankruptcy, you may be wondering what the exact procedure will be. Sometimes it seems you’re doing a lot of waiting and knowing the schedule of events will help alleviate some of the worrying that will inevitably take place during your wait time. Before Filing Bankruptcy Whether filing yourself (which [...]