With few exceptions, when an unsecured creditor has received one or more payments or other transfers totaling at least $600 from an individual consumer debtor…
Prior to the amendments of the Bankruptcy Code in 2005, the filing of a bankruptcy proceeding automatically stayed a residential eviction proceeding unless and until…
State or federal income taxes can be discharged (forgiven) in a Chapter 7 bankruptcy if: ● The tax debt is at least 3 years old.…
All bankruptcy courts in the United States use the same Official Bankruptcy Forms for individuals filing Chapter 7 bankruptcy. The following official forms are required…
If you have an automobile loan and you file Chapter 7 bankruptcy, you have the following options: You can retain the vehicle by “reaffirming” the…
“Chapter 7” bankruptcy is the most common type of bankruptcy and is available to individuals, married couples, corporations and partnerships. “Chapter 7” refers to Chapter…
Filing Chapter 7 or 13 bankruptcy immediately results in an “automatic stay” that immediately stops any foreclosure proceeding on the debtor’s home. Under Chapter 7,…
With the exception of state and federal tax debts, federal student loans, and most debts owed to the federal government (including SBA loans), creditors must…
Every state of the United States has enacted “exempt property” laws that protect certain property or assets from being taken from debtors, even if one…
Filing bankruptcy under any chapter of the United States Bankruptcy Code immediately results in an “automatic stay” (similar to a restraining order) that prohibits repossession…