Bankruptcy Information

Chapter 12 Bankruptcy for Farmers & Fishermen

Chapter 12 bankruptcy is a relatively new addition to bankruptcy laws. It allows “family farmers” and “family fisherman” to restructure th...

What Is the Difference Between Chapter 7 and Chapter 13 Bankruptcy?

Most bankruptcies filed in the Unites States are either Chapter 7 or Chapter 13 cases. Whether a Chapter 7 or Chapter 13 bankruptcy is the right c...

What Is the Difference Between Dischargeable and Nondischargeable Debts in Bankruptcy?

Most people seek bankruptcy relief to wipe out their debts and get a fresh start. While most debts can be eliminated in bankruptcy, certain obliga...

Objections to the Bankruptcy Discharge

In most Chapter 7 bankruptcy cases, most or all of the debtors’ debts are discharged (wiped out) at the end of the bankruptcy. But a creditor or...

Involuntary Bankruptcy

One of the ways bankruptcy law protects creditors is by permitting involuntary bankruptcies. An involuntary bankruptcy is one that is filed by cre...

When Is a Bankruptcy Claim Contingent, Unliquidated, or Disputed?

When you file for bankruptcy, you fill out a large packet of forms in which you provide detailed information about your debts, property, and finance...

Types of Liens

When you file for bankruptcy, you have to list all creditor claims secured by property, and the nature of the lien. All of this information will go ...

The New Bankruptcy Law: Changes to Chapter 7 and 13

Changes to the bankruptcy law made in 2005 make it a bit harder for some to file bankruptcy. A few filers with higher incomes won't be allowed to us...

What Bankruptcy Can and Cannot Do

Although bankruptcy can provide debt relief for those who are in over their heads, it won't help you deal with every type of debt, or every type of si...

What Is Bankruptcy?

Bankruptcy is a federal court process designed to help consumers and businesses eliminate their debts or repay them under the protection of the bankru...