Which Debts Can Be Discharged and Which Cannot? When you're considering bankruptcy options, the ability to permanently discharge certain debts in Chapter 7 can be very appealing. To qualify for Chapter 7, you must pass the means test by … [Read more...]
Personal Bankruptcy Filings—Can You Keep Your Property?
What Can You Keep If You File Under Chapter 7 or Chapter 13? You may have lost your job because of the COVID-19 pandemic, or other life events—divorce or personal injury, for instance—may be making it difficult to meet your financial obligations. … [Read more...]
Personal Bankruptcy—An Introduction to Chapter 7
The Discharge of Debt in a Bankruptcy Filing The coronavirus pandemic has had a devastating impact on the U.S. economy, with government statistics suggesting that as many as one in five Americans currently is unemployed. Though stimulus payments and … [Read more...]
Verdicts and Settlements in Bankruptcy Proceedings
Can a Personal Injury Award Be Used to Satisfy Creditors? When you can't work due to an injury caused by someone else's carelessness, you quickly can have significant problems meeting your financial obligations. In fact, it's a frequent cause of … [Read more...]
How Chapter 13 Can Help When You Owe Back Taxes
Reorganizing Tax Arrearages through Bankruptcy If you have significant tax debt and you've considered bankruptcy as a way to get a fresh start, you've probably learned that tax obligations are extremely difficult, if not impossible, to discharge in … [Read more...]
Keeping a Vehicle in a Chapter 7 Bankruptcy Filing
Reaffirming a Car Payment during or after a Chapter 7 Petition As a general rule, in Chapter 7 bankruptcy filings, you can permanently discharge certain debts in exchange for relinquishing unprotected assets to the bankruptcy court. You can always … [Read more...]
