Chapter 13 bankruptcy is one form of bankruptcy under the United States Bankruptcy Code whereby someone reorganizes their debt and pays back either all or a portion of the debt over a 3 to 5 year period.  Chapter 13 is most commonly used to save a home that’s in foreclosure.  In a Chapter 13, a+ Read MoreThe post What is Chapter 13 bankruptcy? appeared first on

You already know you need to file for bankruptcy protection.
Maybe you think that’s the hardest part of the process. In some ways, you’re right – there’s no way to overstate emotional agony involved in deciding on the right way to get out of debt.

Multnomah County is suing a rogue’s gallery of the largest mortgage players including B of A, Wells Fargo, Oregon’s Bank of the Cascades, Chase, Citi, and West Coast Bank for nearly forty million dollars.

  Before filing your bankruptcy case, it is important to decide if bankruptcy is your best option. Depending on the specifics of your financial problems, we will gather and discuss as many of the facts in your case. We will want to know all aspects of your financial situation and what your desired outcomes are. [...]

  Before filing your bankruptcy case, it is important to decide if bankruptcy is your best option. Depending on the specifics of your financial problems, we will gather and discuss as many of the facts in your case. We will want to know all aspects of your financial situation and what your desired outcomes are. […]The post Gathering all the Facts in Your Bankruptcy Case appeared first on Tucson Bankruptcy Attorneys Trezza & Associates.

A Michigan man may face more than 20 years in federal prison after pleading guilty recently to charges related to money laundering and bankruptcy fraud.  Adrian Hassan Tageddine, 42, of Dearborn Heights, admitted to authorities he hid assets including cash and luxury vehicles when he filed for bankruptcy in 1999. Internal Revenue Service (IRS) agents [...]

Peter Morici, an economist and professor at the Smith School of Business, University of Maryland, claims that forgiving student loan borrowers of their debts

There technically is no age limit or restriction for filing a personal bankruptcy.  You have to be an individual and you have to be in a certain jurisdiction for a certain amount of time.  You don’t have to be an adult, you don’t have to be 18, and you don’t even have to be 15.  There is no age limit.  However, it makes sense if you are not going to be someone who can incur debt or credit unless you are an adult.  Credit card companies are not going to issue credit cards unless you are over 18.  You are not going to be able to enter into a valid contract in most states unless you are 18.  S

There is no particular debt limit that you must have in order to file a Chapter 7 bankruptcy.  It really depends upon the particular person and their particular situation.  I have had clients who have wanted to file a bankruptcy over a $5000 debt.  I have had other clients who had $100,000 worth of debt and were fighting against filing a Chapter 7 and getting a fresh start.  You have to determine whether or not you feel you can either pay your debt back over time or whether or not you need a fresh start to be able to survive.

Parking tickets sound like a debt that you could easily eliminate, right, because it’s just a bill for a parking ticket.  You didn’t purchase anything.  It sounds like it’s unsecured.  There’s no property they can take back or repossessed if you don’t pay.  However, parking tickets are a fine to the government or municipality and by that fact, they are determined to be non-dischargeable.