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.

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.

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.

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 ...

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.

There are two main types of business bankruptcies in the U.S.: Chapter 7, or “liquidation bankruptcy,” and Chapter 11, or “rehabilitation bankruptcy.” ...

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 ...

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 ...

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 ...

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.