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.

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.

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 ...

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 ...

In late 2018, Andrea Smith declared Chapter 7 bankruptcy. She came out of bankruptcy with a net worth of around $150,000. Read More: Warren Buffett's Berkshire Hathaway Bought Over $73 Million in ...

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

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 ...

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 ...

What is the bankruptcy? First to all we have to know what is the bankruptcy? according with the Managing Your Money section for CBSNews.com bankruptcy is a term that carries a hea ...

Chapter 7 bankruptcy can discharge car loan debt, but your lender has the right to repossess your car. This is because the loan is secured by the vehicle itself.