If you’re trying to make sense of bankruptcy jargon and hoping to understand the differences between the different types of bankruptcies, particularly Chapter 7 and Chapter 13, you’ll want to ...

This is when people get their tax returns, so they have money to file for bankruptcy with," she added, noting that it costs money to file for Chapter 7 bankruptcy, the most common type of personal ...

For example, Chapters 7 and 13 are the most common types available to individuals, while Chapter 11 bankruptcy is primarily used by businesses. Chapter 7 bankruptcy lets individuals discharge most ...

Depending on the type of bankruptcy filed, you could eventually lose important assets. For example, Chapter 7 can only delay a home foreclosure and not halt it. Bankruptcy stays on your credit ...

The means test assesses your ability to repay debts to determine eligibility for Chapter 7 bankruptcy. You automatically pass the means test if your household income is under your state's median ...

You don’t need a minimum amount of debt to qualify for Chapter 7 bankruptcy. Filing for Chapter 7 can significantly impact ...

Open to businesses and individuals, Chapter 7 is usually the fastest and ... given that you'll need to meet the definition of what the U.S. Bankruptcy Code calls an "undue hardship." ...