Most debtors considering bankruptcy hope that they will qualify for Chapter 7 bankruptcy; but if they don’t they can become very disappointed. If you are unable to qualify for Chapter 7 bankruptcy, don’t despair. Although discharging all of your debt in Chapter 7 bankruptcy has it benefits, Chapter 13 bankruptcy also offers its own set [...]

Do you have a secured loan with a co-signer? When you file Chapter 13 bankruptcy there are a few ways that you can minimize or even eliminate future creditor actions against your non-filing co-signer. Here are your options:

You can return the property to the lender. For example, if you and [...]

Chapter 13 bankruptcy is a powerful tool for repaying an agreed upon amount of your debt under a plan that fits your budget.  Here’s what you need to know about Chapter 13 bankruptcy:

Chapter 13 bankruptcy is specifically designed for “wage-earners” who have enough disposable income to repay [...]

When a debtor files Chapter 13 bankruptcy, the bankruptcy court and debtor work together to create an affordable monthly repayment plan that will allow the debtor to maintain a typical middle-class lifestyle.  The debtor makes payments for 3 to 5 years and at the end of the term the debt that was not repaid [...]

In the bankruptcy case of Stanfield, Daniel K. and Sharon E.; In re (Stanfield v. First Midwest Bank), the bankruptcy court ruled that the defen­dant’s/creditor’s mortgage was void because the defendant/creditor failed to get both spouses’ signature.
The details of the bankruptcy case:
“In 2005, the defendant loaned $20,000 to the debtors’ business. Each of the debtors [...]

In the bankruptcy case of de la Fuente, Antoinette and Lenord; In re (De la Fuente v. Wells Fargo Bank), the bankruptcy court denied the lender’s motion for entry of a final judgment.
The details of the bankruptcy case:
When Wells Fargo Bank imposed fees on the Chapter 13 debtors’ account, the debtors accused the bank of [...]

This economy has hit senior citizens very hard.  Many seniors were already financially stressed with fixed incomes and rising prices due to inflation when the foreclosure crisis hit, sending many into financial crisis mode, especially those who had refinanced their mortgages and owed significant debt.  For many, bankruptcy has become a “reluctant” option due to [...]

Bankruptcy definitely has a bad rap in our country, but it should not. It is the perfect solution for many consumers, providing them the one and only opportunity they have to lighten their heavy financial burdens which they might otherwise suffocate under.  Here is a list of potential benefits to filing for bankruptcy.
1.  Chapter 7 [...]

In the Chapter 7 bankruptcy case of (Jenks, Louise E.; In re (GE Money Bank v. Jenks)), the bankruptcy court ruled that the debtor’s credit card debt was non-dischargeable because she misrepresented her income when applying for the credit card.
The details of the bankruptcy case:
“The 74-year-old debtor applied for a Lowe’s credit card on March [...]

In the Chapter 13 bankruptcy case of (Smith, David B. and Susan L.; In re) the bankruptcy court denied a motion to approve/disapprove an agreement to modify a residential mortgage.
The bankruptcy case details:
“The Chapter 13 debtors asked the bank­ruptcy court to approve a modification of their home mortgage. The lender agreed to reduce the mortgage [...]

Bankruptcy is designed to protect individuals or businesses that are unable to meet their financial obligations–and provide protection to involved creditors as well.  While bankruptcy is a serious procedure and should only be considered if absolutely necessary, sometimes it is the best solution for those suffering severe financial hardship.  And, for some, it may be [...]

In the Chapter 13 bankruptcy case of (Halverson, Michael; In re), the bankruptcy court ruled that the Chapter 13 debtor’s bankruptcy estate was entitled to half of the joint income tax refunds received by the debtor and his nonfiling wife.
The details of the bankruptcy case:
“The Massachusetts Department of Revenue (MDOR) filed a proof of claim [...]