What information do I need to file Chapter 7?

If you decide that you want to file Chapter 7 bankruptcy, then you will need to begin with compiling all the information you need. It is essential to provide the court with complete information and documentation. The US Courts explain if you turn in an incomplete...

Will bankruptcy hurt your job prospects?

Contrary to what many want you to believe, bankruptcy can actually open the door to opportunities. When you leverage this resource the right way, you may find that it allows you a clean slate to rebuild your finances. Bankruptcy can have an impact on areas of your...

Typical bankruptcy debt types and time frames

Bankruptcy courts may discharge most consumer debts including credit cards, certain medical expenses and personal loans. Debts that filers may still have an obligation to pay include a mortgage and student loans.  Bankruptcy generally does not discharge debts not...

How do I qualify to file Chapter 7?

The most common choices when filing bankruptcy are Chapter 7 and Chapter 13. To file Chapter 7, you must meet eligibility requirements. The U.S. Courts explain you must meet a means test under bankruptcy law to file this type of case among meeting other requirements....

The 341 meeting of creditors

You filed bankruptcy for relief from creditors that have been calling and sending notices to you for months. Now, the idea of meeting with them may feel daunting. However, the 341 meeting with creditors is one of the primary components of the bankruptcy process,...

Tips for spending your money after bankruptcy

Filing for bankruptcy gives you the opportunity to reassess your finances and start with a clean slate. Without the pressure of overwhelming debt, you can focus your effort on developing healthier financial habits. You may feel uneasy spending any money during or...