What Is A “Means Test” And How Can It Affect Me?

What Is A “Means Test” And How Can It Affect Me?

In 2007, the laws governing bankruptcy received an update, long overdue updates in some people’s minds. The new legislation made it somewhat more difficult for an individual to file for a Chapter 7 bankruptcy. In the past, the rules were not as strict and the ability of the population to file for bankruptcy and have  … Read more

  Filed under: Chapter 7


Bankruptcy and the Transferring of Assets

Bankruptcy and the Transferring of Assets

When the possibility of having to seek bankruptcy protection becomes a reality for some individuals, the first thought is to figure out a way saving some of the assets that they have accumulated over the course of time. The want to protect your assets in bankruptcy is a natural feeling; however without the assistance of  … Read more

  Filed under: Filing bankruptcy


Can Your Lifestyle Lead You Into Bankruptcy?

Can Your Lifestyle Lead You Into Bankruptcy?

For a large portion of society, the thought of having to seek protection by filing for bankruptcy is something that happens to the other guy and could never happen to me or to us if a couple. It is the guy who lives the largest life who is the one at risk of overextending themselves,  … Read more

  Filed under: Filing bankruptcy


A Post -Bankruptcy To- Do List That Makes Sense

A Post -Bankruptcy To- Do List That Makes Sense

After the process of bankruptcy protection has ended and you have received a full discharge after your 7 or 10 years, depending on whether you sought a Chapter 13 or chapter 7 bankruptcy, there are many things that would be very wise to pursue in order to ensure that going forward your financial well being  … Read more

  Filed under: Credit


Will Upcoming Election Affect Future Bankruptcies?

Will Upcoming Election Affect Future Bankruptcies?

While just about everyone these days has an opinion on who will probably win the coming Presidential election in November, there are just as many opinions on exactly what will happen when that comes to fruition. Some think things will get better economically if their candidate proves successful while others still firmly believe that the end  … Read more

  Filed under: Money Management


The History of Bankruptcy In The U.S

The History of Bankruptcy In The U.S

The history of bankruptcy in America is a relatively young one. Over the course of the past 100 years, the amount of people who have resorted to seeking protection through bankruptcy has grown exponentially. In the very first part of the 20th century relatively few people sought bankruptcy protection with a mere 0.15% per 1000  … Read more

  Filed under: Bankruptcy Information