Bankruptcy Liquidation Sale
Bankruptcy Liquidation Sale Chapter 7 bankruptcy is a type of personal bankruptcy that sometimes results in liquidation. In brief, liquidation is the sale of a debtor’s nonexempt property to collect...
View ArticleChapter 7 Bankruptcy Statistics
Chapter 7 Bankruptcy StatisticsMany people considering filing for Chapter 7 are curious to learn about Chapter 7 bankruptcy statistics. After all, getting an idea of who files for bankruptcy and why...
View ArticleReaffirming Debts in Chapter 7
Reaffirming Debts in Chapter 7In Chapter 7 bankruptcy, filers have three choices for dealing with secured debts (that is, debts linked to property) reaffirmation, redemption and surrender. Reaffirming...
View ArticleRequirements for Tax Debts in Chapter 7
Requirements for Tax Debts in Chapter 7 Tax debts are somewhat tricky in bankruptcy. Most tax debts cannot be eliminated. There are, however, some circumstances in which tax debts can be discharged...
View ArticleConversion to Chapter 7
Conversion to Chapter 7 In certain situations, it may be possible to change from a Chapter 13 filing to a Chapter 7 case. There are many benefits to converting, although it is not always possible....
View ArticleChapter 7 Bankruptcy FAQ
Chapter 7 Bankruptcy FAQ Chapter 7 bankruptcy is the most popular form of personal bankruptcy. In recent years, bankruptcy courts have seen roughly a million Chapter 7 filings per year. But even...
View ArticleNext Steps After Filing Chapter 7
What’s the Next Step After Filing Chapter 7 After people file for Chapter 7, their bankruptcy process moves along pretty swiftly. Within a matter of months, most cases are soon completed. The next...
View ArticlePaying Creditors Under Chapter 7 Bankruptcy
Paying Creditors Under Chapter 7 BankruptcyChapter 7 bankruptcy offers a unique way for consumers to settle their debts with creditors. Paying creditors under Chapter 7 bankruptcy usually involves...
View ArticleChapter 7 Bankruptcy Property Abandonment
Chapter 7 Bankruptcy Property Abandonment Sometimes, when people file for Chapter 7 bankruptcy, they will receive a copy of a notice of property abandonment sent by their trustee. This may cause some...
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