In this shaky economy, businesses that extend credit to customers are taking a big chance. If that customer files for bankruptcy, the business could find payments the customer recently made to the business confiscated by the bankruptcy trustee and re… Read More

If you are concerned you may need to file for bankruptcy, your mind is probably racing with questions about the best way to move forward. There are two main types of bankruptcy commonly used by individuals, and they are distinctly different. HereR… Read More

As soon as you file for a Chapter 7 bankruptcy or Chapter 13 bankruptcy, you are protected against certain types of collection activities by what is known as an “automatic stay.” The automatic stay is meant to give you time to get your finances i… Read More

A reaffirmation agreement is an agreement between you and a loan provider stating that you will continue to pay on a debt that could have been discharged during bankruptcy in return for being allowed to keep a piece of personal property (an automobil… Read More

Except for in specific, rare circumstances, your retirement accounts are considered exempt assets under bankruptcy law. This means that when you file for either Chapter 7 bankruptcy or Chapter 13 bankruptcy you get to keep the money in your retiremen… Read More

Under most circumstances, declaring bankruptcy will not discharge your student loan debt. This means that you will still be required to pay back your student loans. However, when you file for bankruptcy, you are granted temporary relief from harassin… Read More

High health care costs can cripple you financially. In fact, according to a Health.com article by Theresa Tamkins (June 4, 2009), more than 60% of U.S. bankruptcies are caused by medical bills. If you are one of the many Americans struggling under th… Read More

As soon as you file for bankruptcy, the “automatic stay” goes into effect. An automatic stay is provided for in section 362(a) of the Bankruptcy Code. The purpose of this court order is to give the debtor “a breathing spell from his… Read More