Archive for April, 2008
What happens after you declared bankruptcy
Many of your wander what is happening after you fill for bankruptcy. What is the process, what your creditors will do and what measures will be taken by bankruptcy court.
First of all filling for bankruptcy puts into effect an “Order for Relief”. That mean that all creditors MUST stop from trying to collect what you […]
Chapter 7 Bankruptcy – the basics
Here are some basic information about Chapter 7 Bankruptcy.
How it works
In chapter 7 bankruptcy (is also named “liquidation” bankruptcy) you get all your debts canceled but you may have to let the bankruptcy court liquidate some of your assets. The money will be used to pay your creditors
This type of bankruptcy is called Chapter 7 […]
What bankruptcy cannot do for you
We present you in this article, what bankruptcy can do how this process can help you when you want to clear your debts. Even if bankruptcy looks as the perfect solution in many cases you have to know that there are certain situations when this process cannot help you.
Here’s what bankruptcy cannot do for you:
Cannot […]
What Bankruptcy Can Do
When you have serious debt problems declaring bankruptcy may be the best option you have. Bankruptcy can wipe out credit card debt but that doesn’t mean you will be cleared of all obligations. Things like child support, alimony, tax debts or student loans will not disappear so easy. Here are some things that Bankruptcy can […]
Alternatives to Bankruptcy
In many situations, filing for Chapter 7 or Chapter 13 bankruptcy is not the best remedy for debt problems. There are some actions to take and things to do that can prevent the bankruptcy. Remember, filling for bankruptcy may look easy and you may think that will get the problems off your back but this […]
