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 [...]

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.

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.

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.