Chapter 7 bankruptcy can be a lifeline if you’re drowning in debt — but it’s not for everyone. If you qualify and need a fresh start, it could give you a clean slate in a few months.

Chapter 7 bankruptcy is a powerful legal process that can help you escape overwhelming debt. ... It’s important to understand these rules to be sure you are getting the most out of your Roth IRA.

Learn about the debts that can be discharged in Chapter 7 bankruptcy, including credit card debt, medical bills, and more. Find out what cannot be discharged.

The Chapter 7 bankruptcy process only starts after you complete a credit counseling course from an approved agency. “The course can be taken online, over the phone, or in person,” Tayne said. 2.

Chapter 7 bankruptcy involves liquidating a debtor's non-essential assets to repay creditors. Chapters 11 and 13 are more expensive and longer than Chapter 7, but you can keep your assets.

If an individual files for Chapter 7 bankruptcy, which discharges their personal obligations secured by a mortgaged property, are they still a “consumer” with a “debt” as the FDCPA defines ...

Filling for bankruptcy is a big money choice, one of those that can ease heavy debt but also havelong-term effects. If you ...

There is no minimum debt requirement to qualify for Chapter 7 bankruptcy, according to U.S. bankruptcy law. In most cases, it doesn’t make sense to file for bankruptcy unless you have a large ...

Chapter 7 and Chapter 13 bankruptcy may allow you to keep your vehicle. Redeeming or reaffirming your loan may help you avoid repossession. In some cases, you may not be able to or may not want to ...

Chapter 11 is basically a bankruptcy plan that allows businesses to restructure debts and stay open. In this type of bankruptcy, the debtor retains ownership of their assets, and the repayment plan ...

Understand the rules and time restrictions for filing bankruptcy multiple times. Learn how often you can file for Chapter 7 and Chapter 13 bankruptcy and what factors to consider.

Bankruptcy laws include specific eligibility requirements that not everyone meets. For Chapter 7, you must pass a means test that compares your income to your state's median income for similar ...