Chapter 13 bankruptcy can be an excellent option for qualifying debtors. This form of bankruptcy permits filers to repay certain creditors less than the total amount owed while keeping most of their assets. However, Chapter 13 has strict eligibility requirements. In this article, we discuss some of the key requirements for Chapter 13 eligibility.  Up-to-Date…

Although bankruptcy provides relief to people whose finances have gotten out of control, it is not without its downsides. For example, bankruptcy stays on a person’s credit report for several years after filing. In addition, bankruptcy can negatively affect a filer’s credit score. Surprisingly, however, bankruptcy may actually help a filer’s credit score under certain…

If you are experiencing financial difficulties, bankruptcy may be an option for you. The two most common types of bankruptcy filings for individual debtors are chapter 7 and chapter 13 bankruptcy. As a debtor, the type of bankruptcy that is right for you will depend on your specific circumstances. In this article, we discuss the…

If you are considering filing for bankruptcy, whether chapter 7 or chapter 13, it is important to file at the right time. If you file too early, you expose yourself to additional financial risk. For example, by filing too early, you run the risk of losing property that you otherwise would have been able to…

Deciding whether to file for bankruptcy is tough. Although filing for bankruptcy offers many benefits, including the opportunity to repair your financial situation, it also has its downsides. One impact of filing for bankruptcy is that it can lower your credit score. Fortunately, however, it’s possible to rebuild your credit by taking certain actions. In…

Bankruptcy provides people with an opportunity for a fresh financial start. Ideally, it also serves as a learning experience. Unfortunately, however, people sometimes find themselves struggling financially even after an initial bankruptcy. This leads some individuals to explore the idea of filing a second bankruptcy. In this article, we examine whether it is possible to…

Chapter 7 bankruptcy provides debtors with an effective way to start over financially. And although there are many benefits to chapter 7 bankruptcy, it can make it difficult to do certain things, such as purchase a new home. Fortunately, however, purchasing a home after bankruptcy is possible. In this article, we discuss buying a home…

Bankruptcy is a valid way to get a fresh financial start. However, to reap the benefits of bankruptcy, it’s important to do things the correct way. There are many actions that, if taken prior to or during bankruptcy, can create big problems down the road. In this article, we discuss five actions to avoid when…

If you are considering filing for Chapter 7 bankruptcy, you probably have a lot of questions. After all, filing for bankruptcy is a big decision. A common question that many people have regarding Chapter 7 bankruptcy concerns the length of the process. In this article, we discuss how long the process of filing Chapter 7…

When we think of filing for bankruptcy, it is easy to assume that all of your assets will be sold. However, most bankruptcy cases are no-asset bankruptcy. So, what exactly is a no-asset bankruptcy, and who qualifies for one? Here is what to know about a no-asset bankruptcy and what you can do if you…