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• What Can I Expect to Happen During Chapter 7 Bankruptcy? February 22, 2012

  Most people who file Chapter 7 bankruptcy have little assets and qualify to have most of their unsecured debt discharged.  Unsecured debt that may qualify to be wiped off or discharged includes medical bills and credit cards.  Having little assets and qualifying debt can help make the process a lot easier.  Keep in mind, there [...]

• What Happens if My Financial Situation Changes in Chapter 13 Bankruptcy? February 22, 2012

  If you are in a Chapter 13 bankruptcy and you experience any reduction in your income, you may be able to file Chapter 7 under certain circumstances depending on your qualifications. There is a means test that can be taken to determine eligibility. The procedure for converting chapters may vary depending on what jurisdiction the [...]

• If I File Bankruptcy Can I Keep My Credit Cards? February 21, 2012

  To many consumers, this may be an odd question since the overall purpose of bankruptcy is to eliminate debt.  While many debtors often include credit card accounts they are unable to pay, some may have a credit card account that is in good standing.  A debtor may feel that the account in good standing may [...]