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Chapter 7 vs Chapter 13 bankruptcy - An introspective comparison
Updated on: 30th Dec, 2020

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...

Bankruptcy Trustee: Role in bankruptcy and questions to ask a debtor
Updated on: 8th Dec, 2020

“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...

How to recover from Bankruptcy and rebuild your credit score
Updated on: 8th Dec, 2020

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...

OVLG Marketplace - Find the right bankruptcy attorney for the best advice
Updated on: 1st Dec, 2020

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...

Can I file for bankruptcy while in the military?
Updated on: 20th Sep, 2020

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 ...

Chapter 13 exemptions - What nobody would ever tell you
Updated on: 16th Sep, 2020

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...

7 Reasons that compel you to opt for chapter 7 bankruptcy
Updated on: 16th Sep, 2020

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...

What happens to the employees of Chesapeake Energy after filing bankruptcy?
Updated on: 21st Jul, 2020

What happens to the employees of Chesapeake Energy after filing bankruptcy? Chesapeake Energy has filed Chapter 11 bankruptcy (also known as business bankruptcy) in the last week of June 2020 after incurring a gigantic loss of $8.3 billion in the first 3 months of 2020. Why did Chesapeake file C...

How bankruptcy treats Priority debts?
Updated on: 26th May, 2020

Debts are debts. No matter who owes whom, one needs to pay them off to regain peace of mind. Well, some debts are marked as ‘priority’. Do you want to know why? Let’s find out. Why debts are termed as ‘priority’? ‘Priority debt’ is more like a jargon, a term that has cropped up due t...

21 FAQs on automatic stay violation in bankruptcy
Updated on: 23rd Apr, 2020

The best part of filing bankruptcy is, it will stop the creditor’s harassment against debtor. No creditor can bother a debtor through phone calls, threatening letters, and lawsuits etc. As per the bankruptcy law, this is known as automatic stay. Read the FAQs to make yourself more knowledgeable re...

Last Updated on: 16 Apr 2018