If you are thinking about filing for Chapter 7 or Chapter 13 bankruptcy, you should familiarize yourself with some of the basic rules of bankruptcy. Federal bankruptcy statutes, rules, and cases, along with certain state statutes determine (among other things):
Below you'll find articles that describe the basics of bankruptcy -- start here to learn about the process and what is likely to happen to your debts and property. For more detailed information about bankruptcy, check out all of the articles in Nolo's Bankruptcy section.
Chapter 7 Bankruptcy—Who Can't File?
If you're seeking debt relief, you'll start by determining whether you qualify for Chapter 7 bankruptcy. You must meet several Chapter 7 bankruptcy requirements, such as meeting income qualifications, before you can wipe out debts in Chapter 7 bankruptcy. You'll also need to learn what disqualifies you from filing Chapter 7.
Multiple Bankruptcy Filings: When Can You File Again?
If you file for bankruptcy too soon after receiving a previous bankruptcy discharge, you won’t receive another bankruptcy discharge. Learn how often you can file for bankruptcy and wipe out your debts.
Are You Eligible for Chapter 13 Bankruptcy?
Although Chapter 13 bankruptcy can be a good option, not everyone meets Chapter 13 requirements. Find out what qualifies you for Chapter 13 and why Chapter 13 eligibility depends on up-to-date tax filings, debt amounts, and the ability to afford plan payments.
Chapter 7 Bankruptcy Case Process
When filing for Chapter 7 bankruptcy, your case should move forward predictably. Here's a summary of what's involved in a typical Chapter 7 bankruptcy.
Chapter 13 Bankruptcy Case Process
Here is how a typical Chapter 13 bankruptcy proceeds – from filing the petition to receiving the discharge.
What Bankruptcy Can and Cannot Do
Bankruptcy is a powerful tool for debtors, but it doesn't solve all problems. Learn what happens when you file for bankruptcy and what bankruptcy can do to help you improve your financial situation.
Bankruptcy Exemptions: An Overview
Bankruptcy exemptions play a big role in both Chapter 7 and Chapter 13 bankruptcy.
Bankruptcy Fraud Consequences and Penalties
If you commit a bankruptcy crime, you can potentially suffer consequences that will last for the rest of your life.
What Is the Federal Bankruptcy Fraud Statute of Limitations?
Learn how to determine the limitation period for various bankruptcy crimes.
Proving fraud often requires the prosecutor to dig deeper than the debtor's schedules and testimony.