In the past, if you were behind on your mortgage payments and did not want to keep your home, you had the ability to surrender it without much concern. Everything changed however at the start of 2014. The mortgage debt forgiveness relief act was not extended into 2014.

Personal Bankruptcy Is Technically Public The fact is that filing a personal bankruptcy case is public record. However, the fact you filed is not something that is easy to obtain by the general public. There is a public access system known as PACER which contains information regarding bankruptcy filings throughout the country.

Chapter 7 bankruptcy is known as liquidation bankruptcy. However, in most cases, there is nothing to liquidate. The debtor gets to keep a large portion of personal property while going through the process. The Illinois law that allows the debtor to keep property while filing for bankruptcy is known as exemptions.

Here's a site to give you your daily bankruptcy news fix:
Daily Bankruptcy News

Adam Brown is a bankruptcy attorney for Dexter & Dexter, a debt relief agency helping people file for bankruptcy.

Bankruptcy Help Is Harder To Get When you are struggling financially, you need bankruptcy help. You need to find a bankruptcy attorney that can take you from point A to point B.

Behind on the rent? Looking to buy yourself some more time, maybe even wipe out the obligation to the landlord altogether?
If so, you may be tempted by the prospect of filing for bankruptcy.

Bankruptcy Means Test If you’re trying to file a chapter 7 bankruptcy, you must first qualify. One of the qualifications is that you must pass the means test.

$5,000?  $50,000?  $500,000?  How much debt do you need to have before it makes sense to file bankruptcy?

When you apply for a student loan, you may be required to get a consigner. That person, usually a relative, is doing a good deed for you in helping you get the loan.
Here are some things you need to know about what it means for you – and for the cosigner.
Cosigner Liability