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Why Do Celebrities File Bankruptcy?

Most of us tend to think that the only people who have money problems are those of us with lower paying jobs. But the truth is people from all walks of life experience financial pitfalls, and need help getting back on track from time to time. It might be that

Do I Get To Pick, Chapter 7 or Chapter 13?

Most people know that there are certain “chapters” of bankruptcy, but are less clear on what that means. The idea is actually pretty basic, the chapters refer to the actual chapter of the bankruptcy law. So a Chapter 7 case is simply one that follows the rules of chapter 7

What Happens First In A Chapter 7 Bankruptcy Case?

If you have not filed bankruptcy before, or even been to Court for something minor like a traffic ticket, going to the halls of justice can be scary. But if you know what to expect you can better prepare yourself, and the experience can go smoothly. The first part to

What Is The Means Test And How Does It Work?

There are two types of bankruptcy available to consumer debtors. You can file a bankruptcy under Chapter 13 and doing so will work to reorganize your debt into a plan of repayment. This plan will include repayment of your secured debt such as your home loan, and also require you

Chapter 7 Bankruptcy Timeline

Knowing what to expect out of a difficult situation can make getting through it easier. When the difficulty involves your finances it is especially nice to know what to expect if you are trying to figure out how to pay your debts. When considering bankruptcy it is helpful to know