Bankruptcy Articles

Other than their home, the piece of property people are most concerned about protecting in a Chapter 7 bankruptcy case is their primary car or truck. Having a reliable form of transportation is a necessity in the modern age and if filing for bankrupt… Read More

Many times debtors who file Chapter 7 bankruptcy have judicial liens against real estate or personal property they own. A judicial lien is a non-consensual lien (meaning one that you didn’t voluntarily agree to, like a mortgage) that has been p… Read More

You may have heard of cases in which someone lied about their income and financial information on credit card applications, racked up loads of credit card debts and then got all that debt discharged in bankruptcy. While it’s possible that this type… Read More

Due to their increasing prevalence and the reduced certainty that a college education will result in a better paying job, student loans are more and more among the debts that bankruptcy filers hope to discharge in a Chapter 7 bankruptcy. Unfortunatel… Read More

Chapter 20,” as it is commonly known, is the process of filing for Chapter 7 bankruptcy and then filing for Chapter 13 bankruptcy in order to take advantage of the benefits of each and circumvent problems that may arise for some individuals if they… Read More

A key component of any Chapter 11 bankruptcy is the reorganization plan that details how the debtor will treat each creditor, which creditors will get paid and how much they’ll get paid, and which creditors will not get paid or, at least, will not… Read More

Chapter 11 bankruptcy is a very detailed process that is often difficult to understand. In this article I will outline the basic steps or components of the Chapter 11 bankruptcy process. Note that, depending on the type of debtor involved and variati… Read More

Perhaps the most important part of a Chapter 11 bankruptcy is the planning that is done before even filing the bankruptcy petition. Chapter 11 bankruptcies have a notorious reputation for failing compared to other forms of bankruptcy. Recent figures… Read More