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Debt Cures: Does Kevin Trudeau Make Money or Sense? Part 8: Student Loan Issues »

Part 8 of my review of Kevin Trudeau’s book, “Debt Cures “They” Don’t Want You to Know” examines Chapter 13:  Class is Now In Session.  The purpose of the review is to examine whether Trudeau,  who has had extensive involvement with credit card fraud and the Federal Trade Commission for some of his previous books, makes [...]

What Is The Difference Between A Chapter 7 And A Chapter 13 For Consumers? »

Last year, my friend and colleague, Susanne Robicsek, wrote a great comment on the different types of bankruptcies. Susanne covered all the types of bankruptcies, but what I want to do is outline the basic pros and cons between a Chapter 7 and a Chapter 13.
First of all, a chapter 7 is the basic, so-called [...]

What Is The Difference Between Chapter 7, Chapter 9, Chapter 11, Chapter 12 and Chapter 13 Bankruptcy? »

There are five different kinds of bankruptcy cases:
Chapters 7, 9, 11, 12. and 13.
They are named after the chapters of the bankruptcy code book that contains the rules specific to that kind of bankruptcy.
These five kinds of cases are divided into two different types of bankruptcy cases:
1) Straight/Liquidation – Chapter 7 only.
2) Reorganization – Chapters [...]