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 - How Filers Will Be Affected

Americans can no longer file for Chapter 7 bankruptcy, as a means to becoming debt-free. The new bankruptcy law imposes restrictions on, who is eligible and what debts are dischargeable.

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.

Buying a Home after Bankruptcy - How to Buy a Home with a Low Credit Score

While a low credit score makes acquiring credit a challenge, it does not mean you cannot get a home.

Bankruptcy - The Last Resort for Credit Repair

If you have no other options and your credit is ruined, bankruptcy may be the only way you can salvage your credit in the long run. Find out why this may not be a good idea for your credit here.

New Bankruptcy Law Restrictions Lifted for Scores of Hurricane Victims

Victims of both Hurricane Katrina and Hurricane Rita may now file for bankruptcy without many of the filing requirements facing most debtors today. Find out what restrictions have been lifted for the survivors here.

Filing Bankruptcy

People who have more debt than they can pay off may be in a dire situation, but they do have some options available. It is advisable to speak with a lawyer in these situations who can explain whether or not filing for bankruptcy is the best option.

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.

Types of Bankruptcy

In the US, a party can file for either Chapter 7 or Chapter 13 bankruptcy. In Chapter 7 or ‘straight’ bankruptcy, the applicant surrenders all non-exempt property and assets to an appointed bankruptcy official. These are converted into cash and the proceeds are disbursed to the applicant’s creditors.

Bankruptcy Chapter 7 - The Liquidation Chapter

The most frequently used bankruptcy law is the Chapter 7, often called the Liquidation Bankruptcy. It involves the complete liquidation of a debtor's property, with the proceeds used to pay off the debts.

9 Simple Steps On How To File Bankruptcy

A bankruptcy is the last option any businessman wants to take. They can cause a big dent on their credit rating and deeply ruin their reputation. But sometimes filing for bankruptcy is the only solution to get a person out of dire straits.

Reconstructing Your Finances Before And After Bankruptcy

There are creditors who are willing to offer credit in order to help people regain their financial status in life. They offer credit, loans and mortgages.

Clear-A-Debt: 12 Myths about Bankruptcy

Like most big, bad scary things, bankruptcy has a reputation based on a few tidbits of truth and lots of embellishment. And like most creepy crawlies, it's not nearly as frightening once you know the truth. With a mind toward declawing the monster, here are a dozen misconceptions about bankruptcy: