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Chapter 13

Understanding the New Bankruptcy Law

On October 17, 2005, a new bankruptcy law went into effect. The purpose of the bankruptcy was to restore some fairness into the bankruptcy law in terms of who could qualify. Congress had become convinced that many people were taking advantage of the system under the old law in order to get out [...]

Filing Bankruptcy Brings a Sigh of Relief!

After filing bankruptcy, you can breathe a sigh of relief. When you let creditors know you are seeking debt relief through the legal system, they have to suspend collection efforts. It doesn’t take long to realize that the USA Bankruptcy Court offers a powerful solution to those who find themselves unable to handle [...]

Seeing Daylight Through the Eyes of Bankruptcy Laws

Bankruptcy laws are very clear about when you can and cannot file bankruptcy. Because of so much misuse of the bankruptcy proceedings in the past, the laws were revised in 2007. In effect the new law made it more difficult to file a chapter 7 than in the past, but once qualified, you [...]

Figuring the Value of Your Bankruptcy Car Loan

Most people have a car loan when they file bankruptcy, so the old and new bankruptcy laws address loans on vehicles. Unfortunately, the new laws are tougher on debtors in terms of how much you must repay on your outstanding loan. This forces the debtor to pay the full amount for loans that [...]

The Bankruptcy Attorney When Experience Counts Twice

The bankruptcy attorney can seem like a confidante when you first meet him or her, because you will be sharing your personal financial details. Normally, these kinds of details are the kind people try to hide from the world for as long as possible. But when the debt burden becomes unbearable, its good [...]

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