Category Archives: Debt Solution
Bankruptcy Discharge
I know many of you want to know – what does discharge mean to me? In the world of bankruptcy getting a discharge means that the court is discharging your debts. That means that your creditors can no longer go after you for your debts. At least those that were discharged.
Means Test
Chapter 7 is the bankruptcy relief most often sought. On filing, all assets pass to an estate administered by a trustee, who liquidates all nonexempt assets of value. Creditors can file claims against the assets and the claims are paid in accordance with the Code.
If you are an individual, you can get a discharge of [...]
Big Step
Filing for bankruptcy is a big step. One that will follow up around for seven to ten years, depending on the route that you take.
If you file for Chapter 7 , most of your unsecured debts are written off within 90 days of filing. The bankruptcy will stay on your credit report for 10 years. [...]
Filing For Bankruptcy
BANKRUPTCY
Due to today’s economic climate, the threat of having to file for bankruptcy has become an unkind reality for many people who never thought that they would find themselves in that unenviable position. In 2005 laws were passed in order to dissuade bankruptcy filings, however, after a brief decline those same filings are now at [...]
Bankruptcy Help
Are you getting harrased with collectors calling you, day and night. Do you owe money on your credit cards. Are you looking for a way out of deep end.