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bankruptcy articles

2021-04-12

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Consumer Bankruptcy Reform Act 2020: Game changer
2021-03-23

Consumer Bankruptcy Reform Act 2020: Game changer

The Consumer Bankruptcy Reform Act of 2020 (“CBRA”) has been proposed by two Congressional Democrats, Elizabeth Warren from Massachusetts and Jerrold Nadler from New York. The Act has proposed sweeping changes to current Bankruptcy provisions, and it could prove to be very beneficial to consumer [...]

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Chapter 7 vs Chapter 13 bankruptcy - An introspective comparison
2020-12-30

Chapter 7 vs Chapter 13 bankruptcy - An introspective comparison

Filing for bankruptcy is one of the toughest financial decisions to make for any individual, and once decided, which option to choose is another confusing job. If you are going to file for personal bankruptcy, you have options like Chapter 7 and Chapter 13 bankruptcy. However, in order to choose the [...]

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Bankruptcy Trustee: Role in bankruptcy and questions to ask a debtor
2020-12-08

Bankruptcy Trustee: Role in bankruptcy and questions to ask a debtor

“If you fail to please bankruptcy trustee, you’ll fail to discharge debts”Be it chapter 7 bankruptcy or chapter 13, you can’t avoid meeting at least one person and that is Bankruptcy trustee. Whether you like it or not, he will test your financial health at different stages of bankruptcy. Th [...]

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How to recover from Bankruptcy and rebuild your credit score
2020-12-08

How to recover from Bankruptcy and rebuild your credit score

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. Bankruptcy filing is stressful and one cannot shake off the added difficulties th [...]

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OVLG Marketplace - Find the right bankruptcy attorney for the best advice
2020-12-01

OVLG Marketplace - Find the right bankruptcy attorney for the best advice

Attention everyone!!! OVLG has come up with a new marketplace. To connect attorneys with clients in the US. Do you need legal help and the best service? Then you are in the right place. What OVLG Marketplace is all about It is an online marketplace for connecting c [...]

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Can I file for bankruptcy while in the military?
2020-09-20

Can I file for bankruptcy while in the military?

If you are a military personnel and serving the nation, you have the same rights as any other civilian to file for bankruptcy and urge for protection from intimidating creditors. There are no legal restrictions as of now to prevent you from filing personal bankruptcy and requesting protection under [...]

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Chapter 13 exemptions - What nobody would ever tell you
2020-09-16

Chapter 13 exemptions - What nobody would ever tell you

Chapter 13 bankruptcy exemptions are like an ‘emergency window’ which gives you the last chance to legally save as much as you can when paying back unsecured creditors. Chapter 13 bankruptcy and 7 exemptions are same - Really? There is a big difference between Chapter 7 and Chapter 13 bankrupt [...]

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7 Reasons that compel you to opt for chapter 7 bankruptcy
2020-09-16

7 Reasons that compel you to opt for chapter 7 bankruptcy

If you see bankruptcy filing as the one and only way out of your debt dilemma, and if you are sure of doing it, the very next question that pops up is under which bankruptcy to file. For most people who are looking to file personal bankruptcy, the choice entirely ceases down to either Chapter 7 or C [...]

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Last Updated on: 16 Apr 2018