Filing Chapter 7 bankruptcy can eliminate most unsecured debt. Unsecured debt is debt that is not secured by any kind of property. This means that if you don’t make a payment, there is no property that can be taken back by the creditor.

Filing bankruptcy in Chicago  is not too difficult provided that you have proper representation and a good foundation going forward. You are going to want to find an experienced bankruptcy attorney to assist you in the filing of your chapter 7 bankruptcy case.

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You want to go through bankruptcy to get a discharge. The problem is, you likely have no idea as to what that means.
In the real world, a discharge is grounds for a trip to the doctor.
But in the world of bankruptcy, a discharge is a legal release from personal liability for payment of a debt.
Doesn’t help? OK, how about this:
When the bankruptcy court discharges you from a debt, you don’t have to pay it back. Not now, not ever.
Of course, there’s more to it. Here’s your handy guide to the discharge in bankruptcy.

CREDIT One of the biggest concerns that I hear from clients who are interested in filing for bankruptcy is whether or not they’re going to be able to get credit again in the near future.

The main goal in filing a Chapter 7 bankruptcy case is to discharge your debts.  However, to get a discharge, a debtor has to disclose all assets and provide an accurate valuation of the assets.  

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for January 21, 2014 Divvy supplier rides its bikes into bankruptcy Hubway’s Canadian Supplier Files for Bankruptcy Retailer Dots Files for Chapter 11

Bankruptcy is known for providing financial relief in various ways that help debtors get a fresh start and regain financial control.  You may be able to stop foreclosure, prevent or regain utility service, or avoid repossession.  Even though there are different bankruptcy chapters you have the ability to get help you need through the following: [...]

The elderly are less prepared for retirement and deeper in debt than ever before.
The Employee Benefit Research Institute’s 2013 Retirement Confidence Survey reveals that only 46% have saved less than a total of $10,000 towards retirement.

With the start of a new year, many consumers considering bankruptcy may wonder when it is a good time to file.  You may be surprised to learn that now may be the best time.  Discussing your options with a bankruptcy attorney may help you understand timing more accurately and how it can help your personal [...]