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There are a lot of misconceptions about bankruptcy, and it is absolutely crucial that a debtor separates fiction from reality before deciding which chapter to file or whether to file at all. The most common questions I get are Will I lose my house if I bankruptcy? or Will I lose my car if I …

Any debtor contemplating filing bankruptcy should ask themselves these most basic questions first- Which of my debts will be discharged in bankruptcy and which debts cannot be discharged in bankruptcy? While there is no written discharge in bankruptcy definition, the following debts cannot be discharged in bankruptcy. Child support Alimony Most student loans Some federal …

The simple question of  How long after bankruptcy can you file again? has a simple answer. The answer is you can always file again immediately. The real questions however are which chapter you can file and whether you can get a discharge of your debts if you file. Those answers are much more complicated. While …

Nearly everyone who I consult about a bankruptcy asks me how does bankruptcy affect your credit score?  The question is obvious to ask and the answer is predictably that bankruptcy is not good for your credit. A Chapter 7 bankruptcy remains on your credit for 10 years, and a Chapter 13 remains on your credit …

Chapter 13 bankruptcy is an attractive option to many debtors, particularly those with either disposable income or significant equity assets. However, before you file for Chapter 13 bankruptcy, you must be aware of the Chapter 13 debt limits. The debt limits adjust periodically with the Consumer Price Index, but are currently set at $1,081,500 for …