Bankruptcy Aid

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A chapter 13 bankruptcy is also called a wage earner’s plan, as it sets up terms for repayment out of the debtor’s net income.  The debtor or attorney proposes a repayment plan to the court for making installment payments on amounts owed to creditors.  The term is generally three to five years, and creditors are [...]
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Bankruptcy filings have increased over the years. The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 tried to put a halt to the random bankruptcy filings. The New Federal bankruptcy Law came into effect on 17th October 2005. If bankruptcy is the only option you are left with, there is no need to panic [...]
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Fortunately you aren't stuck with just one kind of bankruptcy but you have a choice. This most often depends on the debt owed and your financial circumstances. I have listed below a number of the available bankruptcy choices. Read them carefully and you may understand your position a little better and you will be able to understand your attorney more when you discuss the matter later...
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