Content Related To 'bankruptcy law'

The Treatment of Motor Vehicle Loans in Bankruptcy

Can You Keep Your Car in a Bankruptcy Proceeding? Both state and federal bankruptcy laws provide some level of exemption for the value of a motor vehicle when you file for protection under Chapter 7. Depending on your circumstances, you may or may not be able to keep your vehicle in a Chapter 7 petition. […]

The Treatment of Your Primary Mortgage Lender in a Bankruptcy Proceeding

What Happens to Your Primary Residence in Bankruptcy? If you are struggling to pay your debts, one of which is a substantial mortgage, you may have considered bankruptcy, but worry about what will happen to your home. Can you discharge the debt on your house? Will you be forced to give up your property? One […]

Bankruptcy Fraud

Lea en español Bankruptcy fraud is a white-collar crime that takes four general forms. In the first form, debtors conceal assets to avoid having to forfeit them. In the second form, individuals intentionally file false or incomplete forms. In the third form, individuals file multiple times for bankruptcy in several states. Finally, in the fourth […]

Bankruptcy Law

Websites Bankruptcy: An Overview – Links to U.S. statutes and regulations, as well as relevant business statutes for each state. HG: Bankruptcy – Dozens of bankruptcy law links from Hieros Gamos, including international links, associations, and articles. Internet Bankruptcy Library – Award-winning site linking to news articles, books, and forums. Also links to the local […]

Bankruptcy FAQs

Lea en español What is bankruptcy? Bankruptcy is a legal action for debtors to deal with insolvency. Most debtors are given relief even if there is not a complete discharge of debts. There are various types of bankruptcy, and debtors are eligible for certain forms of bankruptcy based on their financial situation, their type of business […]

Chapter 12 Bankruptcy

Chapter 12 is designed for “family farmers” or “family fishermen” with regular annual income. It enables financially distraught family farmers and fishermen to propose and carry out a plan to repay all or part of their debts. Relief under chapter 12 is voluntary, and only the debtor may file a petition under the chapter. Chapter […]

Alternatives to bankruptcy

There are some alternatives to consider when paying off debt if filing bankruptcy is not an option. Creditors may be willing to increase the term of the loan and reduce the size of the payments. They may also be willing to settle the claim for a smaller cash payment. You may also be “judgment proof” […]