chapter 7 bankruptcy

Medical debt is one of the most common causes of financial problems in the United States today. Even if you’re insured, an unexpected injury or illness can leave with tens-of-thousands in medical bills, if not more. For many people, this kind of debt is simply unmanageable, so they do the only thing they can—ignore the …

You are over your head in debt and think that bankruptcy may be the right solution. However, you must also decide under which chapter of the United States Bankruptcy Code you want to file. For a consumer, the main options include Chapter 7 or Chapter 13. Note that some people file for Chapter 11, but …

Considering bankruptcy is always a difficult process, but it’s important to remember that bankruptcy is a legal financial tool and nothing more. It’s not a personal indictment of you or your financial responsibility. Choosing the form of bankruptcy that best suits your needs is an important part of the process. While it’s always in your …

Many people think bankruptcy is an overwhelming process with painful consequences. Many debtors are reluctant to even consider it as an option. While bankruptcy comes with some downsides, and it is certainly not appropriate for every financial situation, it does provide a fresh financial start. With the ability to reestablish good credit history, many debtors …

People who are struggling financially in Missouri know that filing for Chapter 7 bankruptcy is a potential option for relief. However, many St. Louis residents hesitate to pursue bankruptcy because they do not know what to expect from the bankruptcy process. The truth is that there is no reason to fear the bankruptcy process and …

Many Americans are struggling under mountains of debt for various reasons. With the continuing fallout of the subprime mortgage crisis and the high unemployment rates, many people have found themselves facing seemingly insurmountable credit card debt with high interest rates and impossible monthly payments. In addition, many families cannot afford to pay out of pocket …

If you are struggling under an overwhelming pile of debt, filing for Chapter 7 bankruptcy can be an excellent solution to help you start over and regain control of your finances. The Bankruptcy Code requires that you meet certain criteria before you may qualify for Chapter 7 bankruptcy. To determine if you are eligible, courts …