Blog Category: Bankruptcy Information


State and Federal Bankruptcy Exemptions

State and Federal Bankruptcy Exemptions

Exemptions in bankruptcy are a set of laws that determine what assets you are allowed to keep after filing for bankruptcy. Even though bankruptcy is governed by federal law with specific exemptions, you can “opt out” of federal exemptions and choose exemptions for the state you live in. Some states offer generous exemptions. You will  … Read more

  Filed under: Bankruptcy Information


Vehicle Repossessions and Bankruptcy

Vehicle Repossessions and Bankruptcy

A vehicle payment is the most common type of consumer secured debt. Having easy access to a vehicle is essential for most of us to get to our jobs, schools, doctors appointments, grocery store, etc. We often pay for this convenience in the form of a car payment. When we get behind in the vehicle  … Read more

  Filed under: Automobile


Bankruptcy Exemptions

Bankruptcy Exemptions

Exemptions or exempt property in a United States bankruptcy case is where a debtor is permitted to keep certain property from unsecured creditors such as personal belongings, your home, vehicle, tools needed to perform your job, or retirement plans. The amount of property a debtor may keep depends on the state in which they live.  … Read more

  Filed under: Bankruptcy Information


The 341 (Creditors’) Meeting

The 341 (Creditors’) Meeting

The 341 meeting, named for the Bankruptcy Code section that regulates it, is a meeting with you, your lawyer, your creditors, and the appointed bankruptcy trustee. This meeting occurs approximately thirty days after filing your bankruptcy petition with the court. Your Financial Information Reviewed The bankruptcy trustee will usually take 15 to 30 minutes to  … Read more

  Filed under: Bankruptcy Information


Dealing with Debt Collectors: Your Consumer Rights

Dealing with Debt Collectors: Your Consumer Rights

Dealing with debt collectors can be an exhausting and emotionally draining event. For some individuals, receiving a debt collection call can be terrifying, and for others infuriating. However you personally deal with debt collection attempts, you should know that you have rights as a debtor. Hopefully, by knowing your rights, any attempts to collect a  … Read more

  Filed under: Bankruptcy Information


How Many Types Of Bankruptcy Are There?

How Many Types Of Bankruptcy Are There?

In the vast majority of bankruptcy blogs you typically hear talk of the most common bankruptcies. The ones that most people will find themselves involved in if they ever have to face the need for bankruptcy protection are the Chapter 7 and the Chapter 13. Much has been said and written about these two types.  … Read more

  Filed under: Bankruptcy Information


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

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Filing For Bankruptcy as a Couple

Filing For Bankruptcy as a Couple

If you and your partner are both considering seeking bankruptcy protection due to unmanageable debt loads there are some things you need to consider before filing. The main question is whether you should file as a couple in a joint petition or file separate petitions. There are pros and cons to both and there may  … Read more

  Filed under: Bankruptcy Information


Biggest Bankruptcy Myths Debunked

Biggest Bankruptcy Myths Debunked

There are many myths about bankruptcy you may hear floating among conversations by the misinformed. If you are faced with the decision of filing bankruptcy, make sure you are aware of the facts and don’t rely on what your uncle’s cousin’s friend once told you. For those who may be familiar with the concept (and  … Read more

  Filed under: Bankruptcy Information