Lower Incomes Make Chapter 7 Bankruptcy Harder to File

A key test to qualify for a Chapter 7 Bankruptcy is the “means test.”  Basically, a person or couple who want a Chapter 7 Bankruptcy needs to pass the means test or have income below a certain leve

What Is Adequate Protection in Bankruptcy?

The term "adequate protection" in bankruptcy has a unique legal definition separate from what we normally understand adequate protection to...

Suspension of Large Debt Settlement Company Shows Flaw in the Plan

Ever heard of Allegro Law debt settlement company? You won’t anymore because an Alabama Court shut it down. Allegro Who? Allegro Law LLC offered debt settlement...

Benefits of Chapter 13 Over Chapter 7 Bankruptcy

The main difference between the two is the requirement under Chapter 13 that you use your income to pay down your debt over time, while under Chapter 7...

Advantages of Bankruptcy vs. Debt Settlement

  When weighing your options for handling out-of-control debt, you might consider bankruptcy, or debt settlement, or simply ignoring the collectors’ attempts to get your money.  Under the Fair...

The Truth About Credit Card Debt and Bankruptcy

Americans love their credit cards. They are convenient, fast, easy to get and allow you to buy something you otherwise could not afford. There is a dark side to credit cards though. The companies...

Reasons for a Bankruptcy Dismissal

Following a bankruptcy filing, many individuals enjoy discharge of debt obligations. However, in the case of Chapter 13, as well as for non-dischargeable debts in Chapter 7, the...

Breaking Your Car Lease vs. Using Bankruptcy

The downturn in the economy has left many people wondering about how they can break the vehicle lease on their vehicles.  Before you hand back the keys to your car, you really should...

Fixing Your Credit After Filing Bankruptcy

Now is the right to time be concerned about your credit and begin the process of improving your credit worthiness.  Your situation is not as bad as you think.  Whether you are thinking about filing bankruptcy...

Already Filed Bankruptcy? No Problem.

One of the biggest misperceptions regarding bankruptcy out there these days, is that if you have filed bankruptcy just a few years ago, you cannot file again.  This is not true.  Even...