Content Related To 'Consumer Bankruptcy'
Chapter 7 bankruptcy is the most common form of bankruptcy and is used by individuals and businesses to get out of debt. Once you file for Chapter 7, a trustee will be appointed to take over your assets and determine what property is exempt and non-exempt. Exempt property, such as your home and one car, […]
The Different Types of Personal Bankruptcy If you want to use the federal bankruptcy laws to address personal financial challenges, you must generally file a petition under Chapter 7 or under Chapter 13. Regardless of the type of filing, you will immediately be entitled to what the bankruptcy law calls the “automatic stay.” This is […]
Bankruptcy Law Websites Bankruptcy: An Overview – Links to U.S. statutes and regulations, as well as relevant business statutes for each state. HG: Bankruptcy – Dozens of bankruptcy law links from Hieros Gamos, including international links, associations, and articles. Internet Bankruptcy Library – Award-winning site linking to news articles, books, and forums. Also links to […]
What is bankruptcy? Bankruptcy is a legal action for debtors to deal with insolvency. Most debtors are given relief even if there is not a complete discharge of debts. There are various types of bankruptcy, and debtors are eligible for certain forms of bankruptcy based on their financial situation, their type of business (in the case […]
It can happen to just about anyone. An unexpected event—the loss of your job, an injury or illness, or a divorce—can suddenly make it impossible for you to meet your financial obligations. The American bankruptcy laws were enacted to give people the opportunity for a fresh start—to put behind them the stress and anxiety that […]