Legal articles focusing on Bankruptcy Law |
| Bankruptcy, Foreclosure or Mortgage Relief? |
| If you've lost your job, lost income, or you can't refinance your mortgage and afford your payments, you might think that bankruptcy and the loss of your home is inevitable. There's no single simple answer, so you need to review your situation and the options - it's possible to keep your home. |
| Bankruptcy - Tax Issues |
| Debtors must provide current information for any tax for which the debtor did not file a return. The person managing the bankruptcy case (trustee) can require payment of taxes that arise during the case. The bankruptcy rules provide for uniformity among federal, state and local tax rules. |
| Credit after Bankruptcy and Improving Your Credit |
| If you've gone through bankruptcy, you'll have your "fresh start," but you're probably worried about how hard it will be and how long it will take to re-establish your credit and to improve your credit scores. Time and wise choices in managing your credit can help you meet your financial goals. |
| Chapter 7 Bankruptcy Basics |
| Chapter 7 is the simplest and quickest form of bankruptcy. A court-appointed trustee gathers and sells your nonexempt property to pay your creditors. You keep "exempt" property and a discharge cancels many of you debts. |
| Chapter 13 Wage Earner Bankruptcy Basics |
| An individual or sole proprietor can file Chapter 13 bankruptcy. Chapter 13 provides for full or partial repayment of your debts over a three- to five-year time period. To qualify, you need a steady income and disposable income. |