Find Out Why It’s Called Chapter 7 Bankruptcy

Have you ever wondered why bankruptcy is referred to as a “chapter?” Even though there are different types of bankruptcy, each one is called a chapter. It sounds a little odd, but there is an easy explanation! Bankruptcy is governed by Title 11 of the United States...

Bankruptcy: What is it?

What do Kim Basinger, Walt Disney and Mike Tyson have in common? You’re not sure? What about Detroit and San Bernardino? It may be surprising, but at some point in their history each of these people and places found themselves in a bad financial situation and decided...

Filing Bankruptcy in 2013 Provides Improved Protection of Assets

Many individuals will start the New Year resolving to improve their financial affairs. Though bankruptcy is a great tool, which generally includes benefits such as the discharge of credit card and medical debt, a new exemption scheme, effective January 1, 2013, will...

File Chapter 7 Bankruptcy

Chapter 7 Bankruptcy With a Chapter 7 bankruptcy you can wipe out common, unsecured debt if you meet the standards established in 2005 and commonly referred to as a “Means Test”. A Chapter 7 bankruptcy is commonly referred to as a “Straight...

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Chapter 7, 11, and 13 Bankruptcies

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