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Archive for the ‘Chapter 7’

Bankruptcy Explained
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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Furniture in Chapter 7 Bankruptcy
Declaring bankruptcy forces someone to put furniture up for garage sale prices. Individuals under Chapter 7 bankruptcy claim exempt property for their bankruptcy furniture. Corporations may not take advantage of Chapter 7’s policy for furniture.
The population can find and buy bankruptcy furniture via Internet. Websites offer auctions on bankruptcy furniture and one could find very [...]
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In Deep But I Still Know Nothing About Bankruptcy
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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