Bankruptcy Basics
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If you are deciding if bankruptcy is right for you, the first step is to learn about bankruptcy. Here you'll find overview articles explaining what bankruptcy is, the difference between Chapter 7 and Chapter 13 bankruptcy, how each type of bankruptcy works, and what bankruptcy can and cannot do.
Articles on Bankruptcy Basics
In bankruptcy, you can eliminate or repay some or all of your debts.
Answers to common questions about Chapter 7 and Chapter 13 bankruptcy.
Bankruptcy is a powerful tool, but it has limits.
Learn about the major changes brought about by the 2005 bankruptcy law.
Involuntary bankruptcies are rarely filed against individuals. Learn more.
An Overview of Bankruptcy
Learn how Chapter 7 and Chapter 13 bankruptcy work.
Learn how Chapter 7 works.
Learn how Chapter 13 works.
Check out our handy table listing the differences between Chapter 7 and Chapter 13 bankruptcy.
Chapter 12 bankruptcy is a reorganization bankruptcy for family farmers and fisherman.
Usually, the goal of bankruptcy is to wipe out debts. Learn which debts will be discharged, which will remain, and what happens if the trustee or creditor objects to your discharge.
Learn which debts you can get rid of with Chapter 7 bankruptcy.
Find out which debts get discharged at the end of your Chapter 13 repayment period.
Definitions of Legal Terms and Concepts
When you file for bankruptcy, you must list your legal interest in your real estate. Here are some of the common types of property ownership.
Figuring out what type of lien a creditor has can be tricky in some situations. Here are the options.
Learn about unsecured debts -- what they are and how creditors can collect on them.
Learn about secured debts and how creditors can collect them.
Credit card debt is usually unsecured. But there are some exceptions. Be sure to read the fine print of your credit card agreement.
When completing the bankruptcy petition, you need to know if a debt is contingent, unliquidated, or disputed. Here's what that means.
Learn what a deficiency balance is.
Listen to the Podcast
If you're thinking about Bankruptcy, spend a few minutes listening to this podcast by attorney Stephen Elias which highlights the basics of the new bankruptcy law.
Learn about the new bankruptcy laws, including the means test, income requirements and other new rules.
Nolo's Bankruptcy Books
The New Bankruptcy: Will It Work for You?
Is bankruptcy the right solution for your overwhelming debts? Pick the best strategies for your situation with the information and practical suggestions in this book by best-selling author Stephen Elias.
Is bankruptcy the right solution for your overwhelming debts? Pick the best strategies for your situation with the information and practical suggestions in this book by best-selling author Stephen Elias.
How to File for Chapter 7 Bankruptcy
The reliable, up-to-date information in this best-selling book will help you successfully complete your bankruptcy claim without breaking the bank.
The reliable, up-to-date information in this best-selling book will help you successfully complete your bankruptcy claim without breaking the bank.
Chapter 13 Bankruptcy: Keep Your Property & Repay Debts Over Time
This comprehensive guide explains the Chapter 13 process, from start to finish.
This comprehensive guide explains the Chapter 13 process, from start to finish.
Bankruptcy for Small Business Owners: How to File for Chapter 7
With this book, you can assess the financial condition of your business, determine whether you should declare bankruptcy, and complete the bankruptcy paperwork.
With this book, you can assess the financial condition of your business, determine whether you should declare bankruptcy, and complete the bankruptcy paperwork.
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