Before 2005, Federal Bankruptcy Court Judges had a lot of discretion as to who could file for Chapter 7 Bankruptcy, based on the debtor’s individual circumstances. Then in 2005, with the enactment of the new bankruptcy laws, the Federal Government tightened up on the laws that determine who can file for Chapter 7 by creating [...]

Are you or a loved one a member of the armed forces and facing bankruptcy? If so, then you should know that your (or your loved one’s) bankruptcy procedure will be slightly different than for a civilian. Bankruptcy is a court procedure governed under Title 11 of the United State Code. Most individual bankruptcies are [...]

One of the average debtor’s greatest fears is that they will lose all of their treasured possessions along with their home and car simply because their financial situation has led them to face the possibility of Chapter 7 bankruptcy. However, this is not the case. In the United States, Federal law controls most of the [...]