Can Credit Card Debt Be Permanently Discharged? Do You Have To Return Goods Purchased? One of the most common causes of personal bankruptcy is unmanageable credit card debt. Can you permanently discharge credit card debt in a Chapter 7 bankruptcy petition? Are there ever circumstances where you must return the merchandise purchased with the credit … [Read more...]
Should You Choose Chapter 13 Over Chapter 7 Bankruptcy?
April 30, 2025 by
When Is It Better To Reorganize Than To Discharge Debt? If you're a consumer looking for a fresh financial start under U.S. bankruptcy law, you have two basic options: discharge debt through Chapter 7 or reorganize debt under Chapter 13. With Chapter 7, you'll have no further obligation to your creditors, and with Chapter 13, you'll simply make … [Read more...]
Frequently Asked Questions about Chapter 13 Bankruptcy Filings
April 16, 2025 by
The Things You Need to Know About Reorganizing Your Debt in Bankruptcy It happens to many of us at some point. An employer decides to close a location and we’re left without a job. A marriage falls apart and we’re now trying to meet our financial obligations with a single income. We get hurt or sick and either have substantial medical bills that … [Read more...]
Inheritances Received after a Bankruptcy Filing
February 6, 2025 by
Will It Automatically Become Part of Your Bankruptcy Estate? You’ve been sick or injured, lost your job or gone through a divorce and it’s left you financially devastated. As a result, you sought relief under the American bankruptcy laws. Then a loved one died and left you a substantial amount of money. Will your inheritance automatically go into … [Read more...]
Can You Protect “Keepsake” Property in Bankruptcy?
December 27, 2024 by
Ways to Avoid the Loss of Family Heirlooms or Similar Items You have a necklace or a brooch that belonged to your grandmother. It's worth a lot of money, but you would never sell it because of the sentimental value. Maybe you have a rare book collection that you've built over decades. You're struggling to meet your financial obligations, but you … [Read more...]
Filing for Bankruptcy After the Holidays
November 27, 2024 by
Is There Any Benefit to Waiting Until the Holidays Are Over to File? You've lost your job. Maybe you've been hurt or sick, unable to work. There doesn't appear to be any prospect that your financial situation is going to change in the foreseeable future. But it's the holiday season. Do you really want to file for bankruptcy at Christmas? Is there … [Read more...]
Can You Discharge Secured Debt in a Personal Bankruptcy Filing?
October 29, 2024 by
What Happens in Bankruptcy When You Have Collateralized Debt? When you're seeking protection in a personal bankruptcy filing, you'll often have debt that's unsecured, such as credit card arrearages or medical bills, but you may have secured debt as well, including a mortgage or car loan. If you qualify to permanently discharge your debts in a … [Read more...]
