Under the penalty of perjury, you need to swear that the information disclosed in the bankruptcy papers is true and complete. One of the primal things include that if the forms are incomplete or inaccurate it can lead to dismissal of your case by the court. Even worse the court can take legal action if [...]

In the recent years the number of people filing for bankruptcy has steadily increased. According to American Bankruptcy Institute, the number has increased to almost 50 percent from that of the first half of this year.

You have lost a lawsuit and you are feeling at your wit’s end! You are absolutely unsure how you will pay off the debts and what might happen if you fail to pay them. Your peace of mind is at stake and you do not know how to cope with the ordeal.

It is often seen that after bankruptcy filing, individuals are reluctant to get back to the world of credit cards all over again. A notion persists that it is the overuse of this credit that binds them with the chain of debts pushing them further towards bankruptcy filing.

The federal law offers a wide range of exemptions to bankruptcy Chapter 7 filers, belonging to the states that have not opted out of the federal exemptions. These exemptions, like the state exemptions, typically help the debtors to keep their prized possession from liquidation.