Bankruptcy: What the New Law Means to You

There's a new bankruptcy law that recently took effect. This law has some tough restrictions that will make it more difficult to file for a Chapter 7 Bankruptcy and discharge many of your debts.

Bankruptcy Chapters Explained

This article provides a clear explaination of the major types of bankruptcy. Find out which bankruptcy chapter is right for you.

The Last Debt Solution Should Be Bankruptcy

As a debt solution, bankruptcy should be filed only if all other debt relief methods fail. There are two types of this solution. Filing a Chapter 7 and filing a chapter 13. One gives the creditors at least some of the money you own them.

How Bankruptcy Affects Student Loans

The vast majority of government student loans cannot be gotten rid of easily, even filing for bankruptcy will not resolve these debts. The only way that these types of loans can be taken care of in bankruptcy is if you can prove that they are a substantial hardship on you and your finances and this is a pretty hard ting to do in most cases, especially since the rest of your debts will be taken care of with the bankruptcy filing.

Bankruptcy and Debt - New Law May Hurt Katrina Victims

The pending new bankruptcy law may hurt victims of Hurricane Katrina, as bankruptcy filings may require documentation that no longer exists.

Bankruptcy and Buying a Home - 3 Benefits to Buying a Home After Bankruptcy

Here are some benefits to buying a home after a recent bankruptcy.

Bankruptcy as a Debt Management Solution: Why Do so Many of Us Have so Much Debt?

The rate of personal bankruptcy has never been higher. Nor has the rate at which consumers are spending. Credit has never been so easy to get and millions of consumers are finding themselves in financial trouble.

The Facts About Personal Bankruptcy

The thought of personal bankruptcy is very frightening, however bankruptcy laws give an honest debtor a fresh start in life by relieving the debtor of most debts.

New Bankruptcy Law - A Summary of Changes You Should Know About

The new bankruptcy law, which took effect on October 17, 2005 might prove to be a stumbling block for many Americans hoping to file Chapter 7 bankruptcy as a means to erase their debts.

Filing Bankruptcy Online

In today's world of technology, people can file for bankruptcy online. The court has a federal database called PACER that can be accessed online by paying a fee.

Filing Chapter 13 Bankruptcy

The process of filing for bankruptcy depends on who is filing it - an individual or a business. If it is a business, even a sole proprietorship, they cannot file for Chapter 13 bankruptcy and need to file under the Chapter 11 bankruptcy and get the much needed help to reorganize their debts.

Bankruptcy

The legal provision of bankruptcy, though sometimes misused, is a progressive and often merciful process. By it, a hopelessly indebted individual can make an official declaration of financial inability and be free of obligation. This may be on a temporary or permanent basis, depending on the degree of insolvency.

Bankruptcy FAQs

As far back as colonial times, every citizen has a constitutional right to file for bankruptcy. By declaring bankruptcy, one is relieved of mandatory collection activities for debts existing at the time of filing by a legal "stay" on these activities. The first version of US bankruptcy or Federal Insolvency laws appeared in 1800, and has been evolving ever since.