Even a simple Chapter 13 case can do some very special things.
A simple Chapter 7 case protects you from all collections, discharges all your debts, lets you keep or surrender your collateral, and keep all your other assets.
When you file a Chapter 7 bankruptcy, most of the time you can keep whatever you own. These 10 bullet points will help you make sense of this.
What if your income is too high, all your assets aren’t protected, you’re not current on your secured debts, and you can’t write off all your debts?
What happens to the personal possessions and tools of trade that you gave as collateral on a loan?
If you bought your home within 3 years and 3 months ago, bankruptcy law creates a maximum amount of homestead that you can exempt.
Here is a summary of the changes. They apply only to new bankruptcy cases filed starting April 1.
If you’re filing a “straight bankruptcy” case, how do you keep your income tax refund?
Bankruptcy law allows married couples to file bankruptcy separately or together. That option comes with consequences, which can also effect whether you file under Chapter 7 or 13.
Bankruptcy can protect your car or truck. Both Chapter 7 and 13 can, but which do you need?
In bankruptcy you hear a lot about “the trustee.” What does this person do, in a “straight” Chapter 7 case, and in an “adjustment of debts” Chapter 13 one?
In deciding between Chapter 7 and 13, get this question out of the way right away: “Can I keep everything I own if I file a Chapter 7 case?”