What Does Presumption of Abuse Mean in Bankruptcy?

What Does Presumption of Abuse Mean in Bankruptcy?

Before you even know what chapter of bankruptcy you are going to qualify for you need to complete a Means Test. This is done on a Form22A-1. It basically details your current monthly income and expenses. It will determine if you meet the criteria for a Chapter 7 bankruptcy. Chapter 7 Considerations In a Chapter  … Read more

  Filed under: Chapter 7


What Happens If You Can’t Honor Your Chapter 13 Bankruptcy?

What Happens If You Can’t Honor Your Chapter 13 Bankruptcy?

When you have completed your chapter 13 bankruptcy filing your bankruptcy lawyer will review all of your obligations pertaining to it with you. It is important that you follow through with the bankruptcy plan as it has been designed. Circumstances in life do change though, so what do you do if your financial situation changes  … Read more

  Filed under: Chapter 13


Stopping Foreclosure With a Bankruptcy

Stopping Foreclosure With a Bankruptcy

Having to deal with creditors day in and day out is devastating. Especially when there is nothing you would like better than to be able to pay them and be over and done with them. It gets worse when they are not only threatening legal action, but have actually started the proceedings like a home  … Read more

  Filed under: Foreclosure


My Vehicle In Bankruptcy

My Vehicle In Bankruptcy

When an individual is contemplating bankruptcy they are highly concerned as to what they are going to lose. One of the reasons they are even thinking about this type of debt relief is so they won’t lose everything. If a bankruptcy means that everything is going to be repossessed then what is the point of  … Read more

  Filed under: Bankruptcy Information


Common Questions about Chapter 13

Common Questions about Chapter 13

One of the biggest questions that come up when an individual is thinking about filing a Chapter 13 Bankruptcy is if all the creditors have to comply with the Bankruptcy ruling. For debts that are eligible to be handled under this particular bankruptcy the answer is YES. Creditors and Debt Once this financial relief action  … Read more

  Filed under: Chapter 13


Chapter 13 Bankruptcy & Your Future

Chapter 13 Bankruptcy & Your Future

If you are thinking about filing for a Chapter 13 bankruptcy and you are eligible for this type of resolution you really need to understand how it is going to affect your present financial situation but also in the future. It can be overwhelming when going through a bankruptcy process, but if you use an  … Read more

  Filed under: Chapter 13


Can My Creditors Come After Me Following a Bankruptcy?

Can My Creditors Come After Me Following a Bankruptcy?

One of the biggest reasons that most people want to go bankrupt is to get their creditors off their backs, and not because they merely don’t want to pay the debt. Creditors can be ruthless and incessant in their collection attempts. Even when they know the individual owing the money has no options to make  … Read more

  Filed under: Debt


How to Pay for Your Bankruptcy Fees

How to Pay for Your Bankruptcy Fees

It seems a little ironic that when an individual has to go bankrupt that it is going to cost them extra to do so. There are bankruptcy fees that have to be paid. You may have heard that you can apply for a waiver, but before doing this give it some careful thought. Court Fees  … Read more

  Filed under: Bankruptcy Information


Should I Go For a Chapter 13 Bankruptcy?

Should I Go For a Chapter 13 Bankruptcy?

If you are a business that is considering bankruptcy then Chapter 13 is not an option, this also applies to sole proprietorship, but that doesn’t mean that because you are a business owner you can’t apply for Chapter 13 bankruptcy. Dealing With Certain Debts If you do have debts from your business that you are  … Read more

  Filed under: Chapter 13