How Debtors Benefit from Filing Chapter 13 Bankruptcy
Chapter 13 bankruptcy is a court-approved repayment plan based on the debtor's ability to repay. While the plan is not for everyone, it offers different benefits that debtors may find useful depending on their...
Does Bankruptcy Offer Protection for Life Insurance Policies?
Bankruptcy and Life Insurance Policies It is possible to have your life insurance policy be protected in bankruptcy under certain circumstances. While there are different types of life insurance, this information pertains to simplified...
Can a Bank Account Belonging to My Spouse Be Sought by Creditors in Bankruptcy?
In many cases, assets that belong to your spouse may be off limits to creditors but it depends on the circumstances of the spouse filing for protection. There are a few factors to review...
Do You Have to Have an Attorney to File Bankruptcy?
Consumers have the option of filing for bankruptcy on their own, also known as "pro se," in which you represent yourself. You are not required by law to file bankruptcy with an attorney, but...
Idaho Man Who Concealed Asset Sentenced for Bankruptcy Fraud
Christopher Brandon Craner, 32, of Buhl, Idaho was sentenced to two years' probation for concealing an asset in his bankruptcy case, which included personal interest from a boat. Part of Craner's sentence includes a...
Illinois Man Sentenced to Probation for Bankruptcy Fraud
A Tamaroa, Illinois man was recently sentenced to three years' probation for concealing assets when he filed bankruptcy in 2009. David E. Woodside, 37, pled guilty to the charge after he waived an indictment...
Filing Bankruptcy: When Outstanding Debt Includes a Cosigner
A borrower who is establishing credit or has less than perfect credit may have a cosigner help them obtain a loan. A cosigner agrees to pay outstanding debt when the borrower is unable to...