The Basics of a Consumer Chapter 7 Bankruptcy, part 3 of 3

Posted by on Mar 2, 2011 in Bankruptcy, Consumer Debt, Debt Collections Defense, News | 0 comments As mentioned earlier, Chapter 7 bankruptcy discharges all of your unsecured debt. Here are some examples of what is considered to be unsecured debt by the court: credit card debt, personal loans you received from friends and family, any outstanding medical bills, any debt you owe as a result of a lease agreement, or any debt you incurred as a result of your business. However, it is also important...
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The Basics of a Consumer Chapter 7 Bankruptcy, part 1 of 3

Posted by on Feb 28, 2011 in Bankruptcy, Consumer Debt, Debt Collections Defense, News | 0 comments When most people think of bankruptcy, they automatically think of a Chapter 7 bankruptcy.  This is because most people think of bankruptcy as simply getting rid of their debts.  However, for most individuals, there are actually two types of bankruptcy, Chapter 7 and Chapter 13.  Generally, an individual chooses to file either a Chapter 7 or Chapter 13 bankruptcy, each having its own...
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