Can I file for bankruptcy every few years?
No. Once a discharge is granted, a debtor who filed under Chapter 7 or 11 is prohibited from filing for another 6 years. However, a debtor who filed under Chapter 7 can file a chapter 13 before …
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What Is Fraudulent Conveyance and How Can I Avoid it?
The Classic Fraudulent Conveyance The classic fraudulent conveyance occurs when a person intentionally transfers property to another with the intent to defraud, hinder, or delay a creditor’s ability to collect on a debt. For example, let’s say a car dealership finances a car for a buyer based on the buyer’s credit report and bank account funds. Later, the buyer transfers his …
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Chapter 13 Bankruptcy
Sometimes an individual with a regular income cannot make ends meet. His or her debts may be overwhelming and grossly outpace his or her earnings. For these individuals, Chapter 13 bankruptcy protection is sometimes the best option. What is Chapter 13 Bankruptcy? Chapter 13 bankruptcy protection allows individuals with regular income to develop a plan to repay their debts over …
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