Tag Archives: Chapter 7

Chapter 7 Bankruptcy

Chapter 7 is the most common type of bankruptcy filed by individual debtors. The primary purpose of Chapter 7 is to seek a discharge from debts. The goal of a Chapter 7 Bankruptcy case is to solve your debt problems, and provide a fresh start. Many debts such as credit cards, personal loans, and old […]

Bankruptcy Myths

There are many myths about Bankruptcy. As a bankruptcy attorney, I find that many clients have heard things about bankruptcy which are incorrect. 1 – The New Bankruptcy Laws make it impossible for most people to file. Almost everyone is still able to file some form of bankruptcy relief. Most of the clients who seek […]

Why Bankruptcy Paperwork is Important

Bankruptcy involves a lot of paperwork. To file a case, a large pile of forms must be completed. Most attorneys begin by giving their clients a worksheet to fill out. Then the official bankruptcy forms are completed, proofread, corrected, and eventually filed. Some of the forms seem fairly easy to understand on their face. In […]

What does a Bankruptcy Discharge do?

What is a Bankruptcy Discharge? In most bankruptcy cases, the primary goal is a discharge. The Discharge is the fresh start the debtor gets from a successful filing. This means that the debtor is no longer personally liable for these debts. What Debts will be Discharged in Bankruptcy? The general rule is that all debts […]

Do I Need an Attorney to File Bankruptcy?

Can Bankruptcy be Filed without a Lawyer? The short answer is yes: individuals can file on their own, or use a non-attorney bankruptcy preparer to help with the paperwork. There are risks involved with the do it yourself approach. What a Bankruptcy Attorney Does Most individuals, and many lawyers, do not understand the ins and […]

What Chapter Bankruptcy should I File?

What types of bankruptcy are available. Different sections of the bankruptcy code are referred to as “chapters.” The chapter you file under has a major impact on how the case proceeds, and what can be accomplished. Individuals usually file either Chapter 7, sometimes called “straight bankruptcy” or Chapter 13, which involves a payment plan. Farmers […]