Bankruptcy is a court procedure that allows people to wipe out (“discharge” is the legal term) certain debts they owe, such as credit...

Debts that are wiped out in bankruptcy Credit card balances Car loans (In most cases you will have to give up the car, though) Loans on...

Are you behind in your mortgage payments? If you are and you can't get caught up before you file bankruptcy, you will have to file a...

Normally, your spouse does not have to file bankruptcy with you if you file. So, you will have to decide whether you both should file....

There are several types of bankruptcy They are referred to by chapter number: chapter 7, 11, 12, and 13. (The chapter numbers refer to...

Most people qualify either for chapter 7 or chapter 13. Some people qualify for both. A few don't qualify for either one. Please call...

Eligibility There are important differences in eligibility between these chapters. This is complicated and is discussed in the question...

Advantages and benefits of chapter 7 It’s relatively quick, about 3-4 months. You don’t have to make payments to the bankruptcy trustee....

If your prior case was a chapter 13 bankruptcy and you paid 70% to 100% of the creditors’ claims in the prior case, you may be able file...

In most cases, a person has plenty of time to prepare their bankruptcy case and file it. But some types of situations require action...

Although your bankruptcy releases you from a debt, it does not release a cosigner or anyone else who owes the debt with you. That person...