Who Can File Bankruptcy?

In theory, any debtor is eligible to petition for bankruptcy.  However, in practice and under bankruptcy laws, not all individuals actually qualify for bankruptcy relief or protection.  Granted...

Best Type of Bankruptcy for Unemployed Debtors

  If you have no income due to a job loss, a health condition that has left you unable to work, or divorce, you may have no ability to pay off your debts.  As a result, you may wish...

Discharging Student Loans throught Bankruptcy

In these tough economic times, many college graduates have found themselves burdened with loans that they cannot afford to pay.  As a result, many people call my law office...

Advantages of Chapter 13 over Chapter 7

Although Chapter 7 is by far the most popular option for filing bankruptcy, in that it completely eliminates all of your dischargeable debt, filing for Chapter 13 bankruptcy can...

How to Reaffirm Debt During Bankruptcy

Although filing for bankruptcy may be necessary, you may wish to still pay back debt, or at least some debts, for a variety of reasons.  Perhaps you wish to keep your...

The Reality of Filing for Personal Bankruptcy

Bankruptcy. It's a word that conjures up ideas of deadbeats, not paying their bills, ignoring their responsibilities and looking for a way to avoid financial responsibility. The reality...

Declaring Bankruptcy to Eliminate Debt

  Depending on the types of debt you have, bankruptcy may be an options to discharge some of these financial obligations.  In order to discharge debt through bankruptcy, debtors and bankruptcy...

Effect of Bankruptcy on Retirement Accounts

For many Americans, retirement accounts are the only substantial assets that they own.  As a result, one common concern about bankruptcy for debtors, and especially senior citizens...

Life After Filing Bankruptcy

Following bankruptcy filing, an individual will face an uphill battle in repairing their creditworthiness and financial situation.  However, especially in cases of Chapter 7, many individuals...

Process of Declaring Personal Bankruptcy

  The process of declaring personal bankruptcy can be quite complex.  After you have decided which type of bankruptcy is right for you, you must attend credit counseling...