Many people worry about filing for Chapter 7 bankruptcy. They think that it will make them look like they were simply bad with money or as if they're just trying to rid themselves of past debts without paying back what they owe. That's not the best way to look at...
Chapter 7
Get to know how bankruptcy can help you eliminate debt
Chapter 7 bankruptcy is one kind of bankruptcy you can choose if you are struggling to pay your bills and are overwhelmed with debts. Chapter 7 bankruptcy isn't the only option, but it is the type of bankruptcy most people think of when they consider entering into...
Myths about Chapter 7 bankruptcy
Chapter 7 bankruptcy is known as the liquidation bankruptcy because many of your assets are sold off to pay your debts. Even though this is a fairly common form of bankruptcy, there are still many myths that surround it. One thing that you can't believe is that all...
What does the court want when you file for bankruptcy?
When you choose a Chapter 7 bankruptcy, you need to understand what liquidation bankruptcy means. You'll need to file your case with the court and pay a fee to do so. The court will ask for several things. First, the court will want to see a schedule of liabilities...