In a Chapter 7 Case, “The Only Thing We Have to Fear is Fear Itself”
There’s a lot you can do to help make your “straight bankruptcy” Chapter 7 a straightforward one, but one thing you can’t control is your creditors’ reactions to it. You know that creditors can try to prevent you from discharging (legally writing off) your debts, so naturally you worry about this. Here’s why you shouldn’t […]
Just Been Sued by a Creditor? How Bankruptcy Helps Right Away
Getting sued by a creditor is a wake-up call to consider filing bankruptcy. If it’s the right thing to do, there are advantages to filing before your deadline to respond to the lawsuit.
Power to Keep Your Vehicle, Appliances, and Other Collateral
If you want to hold onto your vehicle, or other collateral, Chapter 13 makes it happen.
Avoid the “Presumption of Fraud” for Using Credit Cards before Filing Bankruptcy
Using credit card cards when you’re thinking about filing bankruptcy, even to a relatively modest extent, can mean that you will have to pay back the amounts of those purchases if you file a bankruptcy. That could happen even if at the time you made those purchases you fully intended to repay that credit—in other […]
Dealing with Very Aggressive Creditors Who Say You Can’t Discharge Their Debts in Bankruptcy
Bankruptcy court is a relatively efficient place to determine whether or not you must pay a debt which the creditor says can’t be discharged.
Here’s What You Need to Know about the Discharge of Your Debts under Chapter 7
The point of filing bankruptcy is to get relief from your debts. So, when and how DO those debts get “discharged”–legally written off–in a regular Chapter 7 bankruptcy?
Audit Shows Capital One Bank Illegally Filed $24.7 Million in Claims for Debts Previously Discharged in Bankruptcy
One can understand if a major U.S. credit card company forgets that one of its customers had earlier written off their debt in bankruptcy. But forgetting this very important fact for 15,500 of its customers?!? It is bad enough that Capital One lost track that its old debts had been legally written off (“discharged”). […]