Bankruptcy

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...

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....

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,...

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...

Before people file for Chapter 7, they usually have to attend credit counseling. As people look for a counselor, there are several factors they should consider.  A credit counselor can help people understand all their financial options. According to Nerd Wallet, these...

If you struggle with debt you cannot afford, you can go through the bankruptcy process and keep many of your assets. Massachusetts law establishes exempt property that you can retain in a bankruptcy filing.  Review the common property exemptions that may apply if you...

Having your finances spin out of control is stressful on its own, but if you are also facing constant calls and threats from creditors, you may be at your wit’s end. You may be exploring the idea of filing for bankruptcy to help get things back on track. If you do,...

Once you file for bankruptcy, you may feel a sense of relief. It can be the best possible move to make if you have serious financial struggles. Because of the automatic stay, it also provides you with at least temporary protection that can enable you to get your...

The decision or whether or not you should file for bankruptcy is never easy. Bankruptcy is a serious financial decision that many people wrongly associate with financial ruin. In reality, bankruptcy helps millions of people eliminate inescapable debt and get their...

In 1986, Congress enacted Chapter 12 bankruptcy in response to the poor economic conditions of family farmers and family fishermen. The bankruptcy addresses the challenges these families face, such as the unpredictable cost of land, weather and commodity prices. The...