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Chapter 7 or Chapter 13: Bankruptcy Choices

November 27th, 2009 · No Comments · Uncategorized

Bankruptcy should always be treated as the absolute last resort for anyone in who is facing a large amount of debt. While the appeal of having large amount of debt absolved and being given the opportunity for financial rebirth are large, it’s an absolute necessity to remember that filing any type of bankruptcy can have [...]

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Bankruptcy & Repossession Facts

November 20th, 2009 · No Comments · Uncategorized

How to know if your property can be seized by lenders
If you currently have large amounts of debt, you could face the risk of having your property repossessed. It is important to note, however, that only certain kinds of debt can make you eligible for repossession.
This guide can answer some of the main [...]

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What Is Chapter 7 Bankruptcy?

November 13th, 2009 · No Comments · Uncategorized

In the United States, bankruptcy is an option for businesses or individuals who cannot afford to pay their debt.
United States bankruptcy laws are defined in Article 1, Section 8, Clause 4 of the U.S. Constitution, which gives the U.S. Government rights to enforce “uniform laws on the subject of bankruptcies throughout the United States.”
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