31 Dec
Bankruptcy cannot, however, cure every financial problem. Nor is it the right step for every individual. In bankruptcy, it is usually not possible to: Eliminate certain rights of “secured” creditors. A creditor is “secured” if it has taken a mortgage or other lien on property as collateral for a loan. Common examples are car loans [...]
Posted in Bankruptcy Discharge, Bankruptcy Myths, Benefits of Bankruptcy by: Gini
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29 Dec
What is Bankruptcy? Bankruptcy is a legal proceeding in which a person who can not pay his or her bills can get a fresh financial start. The right to file for bankruptcy is provided by federal law, and all bankruptcy cases are handled in federal court. Filing bankruptcy immediately stops all of your creditors from [...]
Posted in Bankruptcy Myths, Chapter 13 Bankruptcy, Chapter 7 bankruptcy, FAQ by: Gini
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