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Consumer Bankruptcy

Bankruptcy is a legal proceeding that allows an individual who is unable to pay his bills to get a fresh financial start. The codes seek to balance the rights of the creditor to get paid and aiding the financially distressed consumer seeking relief. Since 2005 a "means test" was added to the laws to ensure debtors with the ability to repay be required to pay some or all of their debts. Full disclosure of financial information is required before bankruptcy relief.

Bankruptcy may make it possible for you to:

  • Eliminate legal obligation to pay most or all debts. This is called "discharge" of debts.
  • Stop foreclosure on your house/mobile home and allow opportunity for you to catch up. Bankruptcy does not automatically eliminate mortgages and other liens on your property without payment.
  • Prevent repossession of a car or other property.
  • Bankruptcy cannot, however, cure every financial problem. Nor is it the right step for every individual. Please consider other alternatives before seeking bankruptcy relief. Educate yourself on the process.


    Amazon Says: Reduce your debts, save your property -- and start over! Are you behind on your mortgage, taxes or other bills? Are creditors threatening foreclosure or repossession? This boo more...
    Amazon Says: Reduce your debts, save your property -- and start over! Are you behind on your mortgage, taxes or other bills? Are creditors threatening foreclosure or repossession? This book will show you how to save your house, car and other assets with Chapter 13 Bankruptcy. It lets you cancel your debts and pay off the rest with an affordable repayment plan. And now you can avoid attorney fees and do it yourself -- let Chapter 13 Bankruptcy show you how to: determine if you qualify for Chapter 13 stop a house foreclosure estimate monthly payments devise an acceptable repayment plan complete and file forms make up missed mortgage payments pay off other debts represent yourself before a bankruptcy judge or trustee The 9th edition is completely rewritten to reflect the recent (and massive) changes to federal bankruptcy law, as well as the latest bankruptcy exemption laws of your state. It also includes the most current legal documents and instructions on filling them out. Whether you work with a lawyer or file on your own, you'll find everything you need to take charge of your debts in Chapter 13 Bankruptcy. Please note: This book does not cover business bankruptcies, farm reorganizations or individual repayment plans (Chapter 13). For Chapter 7 bankruptcy, see Nolo's How to File for Chapter 7 Bankruptcy. less...
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    Amazon Says: According to the US Courts Bankruptcy Statistics Web site, more than 801,000 bankruptcies were filed with U.S. courts in 2007, with almost 97 percent of those being personal, more...
    Amazon Says: According to the US Courts Bankruptcy Statistics Web site, more than 801,000 bankruptcies were filed with U.S. courts in 2007, with almost 97 percent of those being personal, non-business filings. The volume of those who face the stress that coincides with bankruptcy filing continues to grow and it can be hard to discern between the six different forms of common bankruptcy and how each might affect you or your business. This book was written with the goal of providing a complete handbook to understanding the complex bankruptcy laws of the United States in an easy-to-read format that will allow you to move forward in your life, either through the bankruptcy process or through viable financial alternatives that help you to avoid filing.Before you even approach the bankruptcy process, you will learn if there is anything left you can do to salvage your finances. You will learn how to manage existing debt in avoidance of bankruptcy and how to handle debt collectors, and also acknowledging which of the debts that you hold are the most important. You will learn how to decide when bankruptcy is the best or only option left at your disposal, including what a bankruptcy actually entails, from the first piece of paperwork you sign to the lasting effect it has on your credit. You will learn how to deal with the emotional and social implications of bankruptcy and also what aspects of your life will immediately change as a result. The six different kinds of bankruptcies are outlined in full detail with walkthroughs of what each format offers and when you can utilize them to your advantage. Specifically, detailed instructions for liquidating debt with a Chapter 7 bankruptcy and using a Chapter 13 bankruptcy to rebuild your life are given as well in their own chapters. You will learn what it takes to find and utilize a qualified consumer bankruptcy attorney and exactly what to expect throughout the process. For businesses that are navigating the complex corridor of bankruptcy filing, information is provided about the specific processes you must follow for your specific kind of business. You will learn how to choose which Chapter to file under and what you must do to protect your personal assets during a business bankruptcy.Finally, a special section is included to guide you through the harrowing post-bankruptcy process, helping you to rebuild your credit after the process with a timeline of how long you can expect to wait before you start to regain the standing you originally had. You will be given details and tips on how to manage your finances in the future, and interviews taken from bankruptcy experts and individuals with personal experience will help you know exactly what you can expect before, during, and after your bankruptcy. For anyone at the point in their life where they are considering a bankruptcy to solve their financial problems, this guide is a must have tool, providing an easy to read, comprehensive overview of the entire process. less...
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    Amazon Says: Your Easy-to-Follow Action Plan for Financial Recovery Fighting off creditors and trying to pay mountain-high bills can weigh anyone down. Stop living day-to-day and regain c more...
    Amazon Says: Your Easy-to-Follow Action Plan for Financial Recovery Fighting off creditors and trying to pay mountain-high bills can weigh anyone down. Stop living day-to-day and regain control of your finances once and for all. The Complete Chapter 13 Personal Bankruptcy Guide can help you put an end to the abusive tactics of collection agencies and guide you through filing your own bankruptcy. You deserve a new beginning and it starts right here. Cease Creditor Calls Discharge debts and stop creditors from future harassment. Protect Your Home Save your home from foreclosure and prevent liens and evictions. Protect your Future End garnishments and attachments while protecting your pensions and retirement plans. Strengthen Your Finances Discover ways to raise your credit score and prevent future bankruptcies. Keep Your Car Avoid repossessions and other losses of your personal property. Build Good Credit Get on the road to financial freedom by changing behaviors and managing your resources more effectively. EVERYTHING You Need to File Your Own Bankruptcy less...
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    How to File for Chapter 7 Bankruptcy by Stephen Elias Attorney
    Amazon Says: Find debt relief by filing bankruptcy with this all-in-one-book! If you have more debt than you can possibly pay off, the bankruptcy system is there to help -- and with How more...
    Amazon Says: Find debt relief by filing bankruptcy with this all-in-one-book! If you have more debt than you can possibly pay off, the bankruptcy system is there to help -- and with How to File for Chapter 7 Bankruptcy, you'll find the clear and user-friendly information, advice and forms you need to get through the entire process. First, the book will help you determine whether you qualify for Chapter 7 -- and whether it is the best way to deal with your debts. Then you'll find out how to: stop wage garnishments and attachments cancel as much debt as possible deal with secured debts keep the maximum amount of property keep your home, if possible rebuild credit after bankruptcy The 17th edition is revised to include sample forms and figures, changes to state exemption laws (which determine what property bankruptcy filers may keep), and the latest court decisions. Plus, state and federal charts let you quickly find your states' exemption laws. Please note: This book does not cover business bankruptcies, farm reorganizations or individual repayment plans (Chapter 13). For Chapter 13 bankruptcy, see Nolo's Chapter 13 Bankruptcy. less...
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