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 Chapter 13 Bankruptcy, part 1 of 3

Posted by on Feb 25, 2011 in Bankruptcy, Consumer Debt, Debt Collections Defense, News | 0 comments When most people say they are looking to file for bankruptcy, they are thinking of a chapter 7 bankruptcy- not a chapter 13. There’s good reason for this. A chapter 7 bankruptcy allows you to discharge all of your unsecured debt, the bulk of which for many people is credit card debt. However, for those unfortunate enough to not be eligible to file for a chapter 7 bankruptcy because their...
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