About the Bankruptcy Process - When making financial decisions during the process, you should consult your attorney. In particluar there are three items worth mentioning.
Alternatives to Filing Bankruptcy - There is just no easy way to get out of debt, you have to face up to the consequences. A bankruptcy is not always the answer, as the effects are long lasting.
Bankruptcy and Bill Collectors - One of the major benefits of filing for protection under Chapter 7 is that many creditors actions are stayed. This means that debt collection efforts and foreclosure is halted.
Bankruptcy and My Bills - The underlying policy of bankruptcy law is that the honest debtor who is in debt beyond his/her ability to repay the debt should be given a fresh start through the discharge of debts in a bankruptcy proceeding.
Bankruptcy Q & A - Frequently asked questions and answers about the topic of bankruptcy.
Chapter 7 Bankruptcy - Chapter 7 bankruptcy is a liquidation proceeding. The debtor turns over all non exempt propery to the backruptcy trustee, who then converts it to cash for distribution to the creditors.
How to Avoid Foreclosure - When you miss your mortgage payments, foreclosure may occur. This is a legal means that your mortgage company can use to repossess (take over) your home.
Your House and Car - Depending upon which exemption scheme is selected and your circumstances, you may exempt up to $100,000 in equity.
Your Property and Assets - Once the bankruptcy is filed, all property of the debtor at the time of filing and certain other property to be received in the future, becomes the property of the bankruptcy estate.