What are the chances of renting a house during bankruptcy?
It is entirely possible to rent a house during your bankruptcy proceedings, but there are certain steps that you can take to maximize your chances of doing so. For instance, you might …
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What are the Basics of a Chapter 13 bankruptcy?
With recent changes in bankruptcy law, more and more people are finding themselves ineligible for traditional Chapter 7 bankruptcy, or liquidation; as a result, the trend is toward more Chapter 13 bankruptcy filings. By filing Chapter 13 bankruptcy, you are essentially entering into a repayment plan that permits you to repay all or a portion of your debts over a certain time …
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What is the Difference Between a Chapter 7 and a Chapter 13 Bankruptcy?
After you have decided to file for bankruptcy, you may have to choose between the two types of bankruptcy proceedings that are available for individuals – Chapter 7 bankruptcy and Chapter 13 bankruptcy – depending on your eligibility for each. Deciding which type of bankruptcy is right for you is an important choice, because the type will determine whether you have to pay back at …
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How To File for Bankruptcy Under Chapter 7
Various federal bankruptcy laws allows persons in extreme amounts of debt to get a "fresh financial start" by either reducing the amount of debt required to be repaid or extending the time period in which it must be paid. Chapter 7 is the chapter of the bankruptcy governing liquidation of assets and discharge of debts. Below is a summary of the basic process for …
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