When you file for Chapter 13 bankruptcy, you get 2 hearings scheduled, unlike Chapter 7. The first is the 341 Hearing, or the Creditor’s Meeting, where the creditors inquire about your financial state under the vigilance of the court appointed trustee. The additional hearing is called the Confirmation Hearing, which is scheduled only in Chapter [...]

Bankruptcy is often viewed as having camaraderie with the debtor only, since bankruptcy clearly aims at liberating a debtor from the clutches of enormous debts. But, what we seldom care to take into account is that bankruptcy is creditor-friendly as well.

Filing Chapter 7 bankruptcy is a preferred solution of the debtors due to its fast and effective ways. The fact that it does not require payments over time also makes it highly acceptable. However before you decide on Chapter 7 bankruptcy you need to check out whether you qualify for the Means Test of your [...]

In the recent era the financial downturn has led many individuals to file bankruptcy in order to get rid of their debts. Undoubtedly it has also turned out as an effective debt relief fix for your uncountable debts. However, there are some tagged features which you need to consider while filing bankruptcy. The foremost among [...]

Your finances are dilapidated! Debts have taken a mighty toll on your life and finally you have filed for Chapter 7 bankruptcy with a hope to get your debts discharged. Yet there is a little tension that is lingering at the back of your mind. What if your petition gets dismissed?