Other Bankruptcy Topics
Other Bankruptcy Topics
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Chapter 7: Total Liquidation Bankruptcy Primary Purpose: Discharge of all permissible debts without any repayment plan.
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What Does it all Mean: The Means Test
The Means Test was added to the bankruptcy code with the intention to remove the excessive abuses of the bankruptcy protections. The Internal Revenue Service imposed this array of financial calculations...
Credit Repair
Credit Repair
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There’s no question that debt collectors are intimidating—they are paid to be intimidating, and are intent on pressuring consumers to pay up. Debt collectors may be independent agencies who purchased a note from a merchant or may be merchants calling on their own. Some debt collectors can become
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Reestablishing credit after bankruptcy is one of the most anxious issues after an individual files for bankruptcy. It is also, why most people are apprehensive about filing for bankruptcy. An individual can be faced with so many concerns and questions after bankruptcy that it can leave him/her in the dark about future credit options. In realistic terms, it is a setback to an individual’s credit report but it does not have to mean the end of good credit in the future.
New Bankruptcy Laws
New Bankruptcy Laws
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The Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) passed October 17, 2005, is considered the most sweeping bankruptcy reform of our time.
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Is Chapter 7 Bankruptcy Still an Option?
You may have heard people say that it has gotten difficult to file for Bankruptcy. You may have heard that the laws have changed and you cannot file for Bankruptcy any more. Or
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Automatic Stay No Longer Automatic
The automatic stay provision of the bankruptcy code provides protection for petitioners against ongoing legal proceeding by creditors.
