General

Chapter 7 Bankruptcy

Intro To Chapter 7 Bankruptcy

Although the percentage of chapter 13 cases is steadily climbing, without question, the most common type of bankruptcy is chapter 7 bankruptcy. When you file for chapter 7 bankruptcy, the court places an automatic, temporary stay on your current debts. This prevents creditors from collecting payments, garnishing your wages, foreclosing on your home, repossessing property, …

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Navigating bankruptcy roads

The various bankruptcy chapters: Know your options

Most people in the United States are familiar with the concept of going bankrupt. However, the majority of those people don’t understand the actual process of filing for bankruptcy. Although it’s not something people like to think about, bankruptcy can help a person get rid of any debt they have or make a feasible plan …

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Personal Bankruptcy

The history of bankruptcy in the United States

The history of bankruptcy in the United States goes all the way back to the late 1700’s when our founding fathers were drafting the Constitution.  Article 1, Section 8 of the Constitution grants Congress the power to establish federal laws on the subject of bankruptcy.   The first federal law on bankruptcy was way back in …

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