Once you file, an automatic stay goes into effect, which is a powerful legal protection that stops creditors from pursuing ...

Some business owners opt for Chapter 7, and some homeowners end up filing a Chapter 13 bankruptcy. Below, we'll break down the differences a bit more: Eligibility requirements. Generally ...

Chapter 13 offers a structured plan but might have longer timelines and higher costs than alternative debt relief options. Filing for bankruptcy is a major financial decision, and understanding ...

Bankruptcy courts are vigilant about ensuring the process is not abused. As a result, concealing assets, making fraudulent ...

Bankruptcy filings remain on your credit report for up to 10 years for Chapter 7 and seven years for Chapter 13, making it challenging to get loans, credit cards and housing. People who file for ...

It’s also important to understand that some debts can’t be discharged in Chapter 7 bankruptcy or lowered if you file for Chapter 13. A person ... how much you need online, but that's just ...

Individual debtors who don't pass the Chapter 7 means test often file for Chapter 13 bankruptcy instead. Carson explains that Chapter 13 bankruptcy is more attractive than Chapter 7 for some ...