Most individuals who file for bankruptcy do so under Chapter 7 or Chapter 13 of the U.S. Bankruptcy Code. Chapter 7 bankruptcy discharges most debts after filers sell off certain assets and use the proceeds to repay their creditors. Chapter…
Filing Chapter 7 bankruptcy can help individuals who are struggling with debt and unable to pay their bills reset their finances and get a fresh start. Also called discharge bankruptcy, Chapter 7 bankruptcy enables debtors to clear some types of…
If you are deeply in debt and thinking about filing for Chapter 7 bankruptcy, you may have some anxiety over the possibility of having to actually go to court. In practice, however, most Chapter 7 bankruptcy cases do not require…
One of the biggest mental obstacles people face when filing for bankruptcy is the fear they will lose their home or other property. But the bankruptcy process is designed to help give debtors a “fresh start,” not leave them without…
The COVID-19 pandemic has affected many aspects of our lives, including everything from our health to the economy. For instance, mandatory quarantine orders have caused many businesses to close their doors, resulting in millions of job losses across the country.…