Consumer Bankruptcy

Can I get rid of all of my debts in bankruptcy?

Getting rid of debt in bankruptcy is known as “discharging” debt. The primary function of Chapter 7 bankruptcy is to allow debtors to discharge their debt; however, not all debts are eligible to be discharged. For example, most tax debts cannot be discharged in bankruptcy. In order for income tax...

Will bankruptcy stop foreclosure on my home?

If your mortgage lender has already initiated proceedings to foreclose on your home, then filing for bankruptcy under Chapter 7 of the Bankruptcy Code will not stop the foreclosure process; however, it may cause some delay in the process that would allow you to reside in your home a little...

What Type of Bankruptcy Should I File?

The type of bankruptcy filing that is correct for you is not a decision to be taken lightly. Many elements of the bankruptcy process are unchangeable once decided. Qualified legal advice following a thorough financial assessment is decidedly the best path to follow. With that said, the three main types...