What Chapter 7 Bankruptcy Means for Those Who Declare It

What Chapter 7 Bankruptcy Means for Those Who Declare It

Chapter 7 is the most common form of personal bankruptcy filing in the U.S., and you might have heard it called “straight” or “liquidation” bankruptcy. It is a great option for Americans with more debt than they can afford to find much-needed relief. If you plan on...

8 Top Reasons People File for Chapter 13

8 Top Reasons People File for Chapter 13

With three types of filings that individuals can do, coupled with what seems to be a complicated legal process, filing for bankruptcy has developed a reputation for being something that is expensive and reserved for CEOs or giant corporations. That couldn’t be any...

What to Do If You Fail the Means Test for Chapter 7

What to Do If You Fail the Means Test for Chapter 7

The bankruptcy process can be tricky, and there are many places where it can get derailed. One hurdle many filers struggle with is the Chapter 7 means test. The good news is that failing the means test doesn’t mean you’re bankruptcy bid is hopeless. You may be able to...

Protecting Your Home From Foreclosure During Bankruptcy

Protecting Your Home From Foreclosure During Bankruptcy

Facing foreclosure on your home can be overwhelming - especially if you’re dealing with other financial woes. If you’ve fallen behind on your mortgage payments, filing bankruptcy may be one way to keep your home while managing your way through your debt....

Bankruptcy 101: How Often Can Someone File for Bankruptcy?

Bankruptcy 101: How Often Can Someone File for Bankruptcy?

The bankruptcy process is surrounded by many misconceptions, in part because it is also surrounded by stigma. If you’re struggling with debt that feels inescapable, bankruptcy might just be the way to financial freedom. However, while bankruptcy is supposed to give...

7 Things You Shouldn’t Do Before Filing Bankruptcy

7 Things You Shouldn’t Do Before Filing Bankruptcy

One of the most powerful tools enshrined in the U.S. Constitution is the bankruptcy filing system. Filing bankruptcy is a great option if you’re facing debt beyond what you can pay. Many people find themselves saddled with debt caused by factors outside of there...

Debunking the 4 Most Common Bankruptcy Myths

Debunking the 4 Most Common Bankruptcy Myths

Bankruptcy isn’t a ‘get out of jail free’ card, but that doesn’t mean it’s not an incredibly useful legal and financial tool. Still, there are many misconceptions surrounding bankruptcy, and these misconceptions make it even more difficult for Americans to take...

Understanding Bankruptcy Exemptions in Texas

Understanding Bankruptcy Exemptions in Texas

Finding yourself trapped under a mountain of debt can be frightening and alienating.  In the United States, debt is often wrongly associated with things like a lack of financial control, but in reality, we often find ourselves struggling because of factors outside of...

What’s the Difference Between Chapter 7, 11, and 13?

What’s the Difference Between Chapter 7, 11, and 13?

For those facing financial struggles, bankruptcy may be a proverbial or literal life-saver. However, the process of filing bankruptcy can be confusing. Each type of bankruptcy serves a different purpose, and choosing the wrong type can cost you quite a lot in the long...

What You Can Expect from Your 341 Hearing

What You Can Expect from Your 341 Hearing

America is facing a difficult time right now, and many people are looking for ways to make ends meet. Unfortunately, bankruptcy has long been overlooked for the powerful financial tool that it is. For too long bankruptcy has been viewed as a failure rather than as a...