Top Ten Reasons People File Bankruptcy

The Great Recession may be behind us, but its effects are still being painfully felt by many people. The United States Courts website reports that, in 2013, nearly 1.1 million Americans filed bankruptcy. Millions more considered doing so. When a family finds itself buried in a mountain of debt, … [Read more...]

How Often Can I File Chapter 7?

Bankruptcy can be very useful for a person who finds himself in severe financial distress with considerable debts he is unable to repay. Chapter 7 is often referred to as a “total liquidation” bankruptcy, although, in fact, not all debts are always dismissed through a Chapter 7. If you believe that … [Read more...]

How Much Does It Cost to File Bankruptcy?

As you may be aware, the requirements for filing bankruptcy changed considerably with the Bankruptcy Act of 2005. The rules are now much more stringent, and, unfortunately, the cost of bankruptcy is considerably higher. It seems unfair, indeed, that a person who is in financial straits be burdened … [Read more...]

Chapter 7 Bankruptcy and the Means Test

Prior to 2005 those who wished to file a Chapter 7 liquidation bankruptcy had little difficulty in doing so. However, the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) was passed at that time to protect creditors from loss of their interest when an individual has the means to … [Read more...]