Doing what you believe is the right thing can backfire, if you pay a special creditor before you file bankruptcy.
Give both you, AND your assets, a fresh financial start.
Decisions that seem to make sense at the time can end up being against your best interest. Hereâs what to look out for.
Although either kind of bankruptcy will stop an approaching foreclosure, which one should you choose?
Either Chapter 7 or 13 will stop a foreclosure, even if your lender unintentionally or purposely proceeds with the foreclosure sale.
Almost all attempts by creditors to collect debts are immediately stopped when you file bankruptcy. But here are some special exceptions.
Here are 5 additional tools that come with Chapter 13, each one neatly solving a different challenge to your home.
Chapter 13 “adjustment of debts” provides a set of tools, each one solving a different problem that could otherwise lead to losing your home.
The U.S. Constitution makes bankruptcy a federal procedure. So why is the amount of assets you can protect different in each state?
Chapter 13 “adjustment of debts”gives you extraordinary advantages over creditors, especially over certain kinds of creditors.
The reality is that most people who want to file a “straight bankruptcy” Chapter 7 case can do so; if not, Chapter 13 may be better anyway.
Chapter 7 “straight bankruptcy” and Chapter 13 “adjustment of debts” are quite different, but still be open-minded about which is better.
Yes, you can usually file bankruptcy in the United States regardless of your citizenship status.