Bankruptcy

One cause for bankruptcy filings is less obvious than others. Home mortgages are a large and important sort of debt for most, but buying a home is not what causes bankruptcy. The main culprit is change. Since the late 1940’s we have been taught that owning our home is a …

1. If I file for Bankruptcy I will lose all of my property. This may be the biggest misconception surrounding filing for bankruptcy. Every person who files for bankruptcy can protect a certain amount of property while still eliminating all or a portion of their debt. Depending upon the state …

A personal bankruptcy lawyer will explain to you various bankruptcy laws. He/she will also guide you regarding which chapter you would need to file. Your personal bankruptcy lawyer will familiarize you with the Title 11 of the United States Code which regulates what chapter you can file, which bills you …