Filing  Chapter 7 bankruptcy will stop collection efforts of your creditors, however that relief may be temporary if your debts are of the kind that are not discharged in bankruptcy.
Some debts, like student loans, child support, many taxes, and a few others, are not discharged by bankruptcy.  However you may experience some relief from their collection for [...]

I often find that when asked about their insurance, my bankruptcy clients tell me that they are “covered by insurance from the mortgage company.”
Bankruptcy or not, be very clear about this:  if your insurance lapsed and you were notified by your mortgage company that they have obtained insurance for you, this insurance covers their loan [...]

In general, a simple, no asset Chapter 7 bankruptcy case will usually go on for about 4 months, but the case could be open a lot longer.
When filed, the Court sends out a Notice of Filing to all parties in the case, notifying everyone of the filing and of the deadlines involved.  The notice contains [...]

When you file a bankruptcy case, you may get a letter from a company that makes it seem as if you have to take a course from them, now that you have filed for bankruptcy.  You don’t.
Read the letter carefully, because it might be an advertisement for the Financial Management Course that is given by [...]

Carolina Place Mall is open for business, even though its parent company filed a Chapter 11 bankruptcy.  I was there last night, and no one shopping there would know that there is any problem.  The company has stated that they are not closing the malls, and shoppers should not notice the difference.   Chapter 11 does [...]

There is a misconception that people who file for bankruptcy will lose their homes.   I hear from many people who avoided speaking to a bankruptcy attorney because ’someone’ told them that if they file for bankruptcy they will lose everything, including their home.
Many homeowners keep their homes in bankruptcy, and many keep their homes because [...]

The company 800CreditCardDebt seems to think that you should not get the whole story before using their services!  A commercial I saw says: “Don’t let the word bankruptcy enter your thoughts”.   Really?    Not even consider it?  Advising people not to at least consider any solution that might help them is bad advice.
If you are in [...]

Many people surrender their homes to their lenders when they file for bankruptcy but as long as the property is titled to them, they may have some risk if someone is hurt on the property.    As long as the property is in your name, your homeowner’s insurance would protect you from liability.
It may be [...]

Divorce and bankruptcy often go hand in hand.  What many people don’t realize is that filing for bankruptcy can make a divorce easier by eliminating the fights and concerns over paying debts that the individuals are not in a position to pay.   Financial problems can contribute significantly to marital problems, so it isn’t surprising that [...]

Bankruptcy can help save homes from foreclosure in a few ways.  Under the present laws, filing either a Chapter 7 or a Chapter 13 bankruptcy will stop a foreclosure, but you will have to cure the mortgage somehow.  
Chapter 7 is a temporary stop to the foreclosure, but might give you a short time to [...]