Distinguishing differences between Chapter 7 bankruptcy and Chapter 13 bankruptcy may be just the beginning in understanding which chapter will provide the best solution for your situation.  Even if you meet qualifications to file Chapter 7, it may be more beneficial for you to file Chapter 13.  In other words, you may give yourself more [...]

The Los Angeles Times is reporting that JPMorgan Chase & Co has decided to get out of the student loan business, citing competition from federal government programs, increased scrutiny from regulators, and lack of gro

A dependent is defined as “someone who relies on another for support; one not able to exist or sustain oneself without the power or aid of someone else.”  This definition matters quite a bit if you are considering filing for bankruptcy.  Times have been rather tough for some Americans as the economy has hit a […]

A dependent is defined as “someone who relies on another for support; one not able to exist or sustain oneself without the power or aid of someone else.”  This definition matters quite a bit if you are considering filing for bankruptcy.  Times have been rather tough for some Americans as the economy has hit a […]

What is a Chapter 13 bankruptcy?

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for September 05, 2012 San Bernardino bankruptcy ruling is a blow to CalPERS Ex-Arkansas coach discharged of debt in bankruptcy deal Suits spur diocese to file for bankruptcy  

Many who have a health savings account (HSA) or a medical savings account (MSA) may wonder whether such funds can be protected in bankruptcy.  In many cases it depends on where you live and if the state offers protection for these types of funds.  This can be an interesting question for debtor as it also [...]

One of the reasons why debtors seek bankruptcy protection is to stop harassing collection attempts from creditors.  While anyone should not be subject to such abusive measures, debtors have rights you need to know in order to protect yourself, even before you decide to file for legal protection.  There are a number of debt collection [...]

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for September 03, 2013 Kodak bankruptcy likely comes to end today Former state GOP Chair Tony Sutton files for bankruptcy Bankruptcy stalls Red Arrow eviction  

Being “bankrupt” and not being able to pay your debts should be considered two different situations.  You often hear people throw around the term or expression of going “bankrupt” when they file bankruptcy protection.  Yet, it may not necessarily mean you can’t pay what you owe. When a consumer is considered insolvent they may be [...]