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Bankruptcy Related Articles:

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Just because you file for bankruptcy doesn’t mean you shouldn’t have access to credit anymore. The whole purpose of filing for bankruptcy is t...

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Ways To Quickly Recover From Bankruptcy

Filing for bankruptcy is usually the last resort for those who are struggling to cope with their ever increasing debt. It is a move considered to be one of the worst that you could possibly make and it is one which most pe...

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Learning to Avoid Bankruptcy

To most people filing for bankruptcy usually seems like a quick and easy way which they can fix a big problem, but it usually isn’t. Bankruptcy may affect your financial life for more than a decade and...

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Did You know?

Chapter 13 discharges many debts that Chapter 7 and 11 cannot. Chapter 13 is more of a fresh start and wipes the debtor’s slate clean. Chapter 7 has the debtor repay the creditors back in smaller amounts over a specified period of time. This also means that typically all tax return refunds will go to the creditors as well and be divided up by the courts. Both do not look good on your credit, however Chapter 11 is a fresh start while Chapter 7 will still take many years to pay off.