LauLaw

Bankruptcy filings are public record, so they’re accessible to anyone who wants to view them. The easiest way to access bankruptcy filings is to search for them online. There are a few different ways to search for bankruptcy filings online. One way is to use the Public Access to Court Electronic Records (PACER) system. PACER…

Bankruptcy is never an easy decision, but sometimes it’s the best or even only option. The first thing to understand is that bankruptcy is not a failure. It’s a legal way to get out of debt and start fresh. Many people who have filed for bankruptcy are successful, hardworking people who have just fallen on…

No, you don’t necessarily get out of all debts if you declare bankruptcy. However, it can give you a fresh start by discharging certain debts and gives you protection from creditors. The type of bankruptcy you file will also determine which debts are dischargeable. For example, with Chapter 7 bankruptcy, most unsecured debts are discharged…

It depends on the type of bankruptcy that is filed, but some of the things that may be lost include: Property Money in bank accounts Cars and other valuable possessions Future income from a job or business Some government benefits, such as social security or unemployment benefits

The major downside of filing for bankruptcy is the negative impact it can have on your credit score. This can make it difficult to get a loan, rent an apartment, or even get a job. Bankruptcy also stays on your credit report for seven to 10 years and can make it difficult to buy a…

In Chapter 13, student loans are generally treated the same as other unsecured debts. This means that they are often given a lower priority and may not be repaid in full. However, there are some important exceptions to this rule. If you have private student loans, you may be able to repay them in full…

Who pays for bankruptcy? This is a question that often comes up when individuals or businesses are considering filing for bankruptcy. The answer, though, is not always simple. There are two types of bankruptcies: Chapter 7 and Chapter 13. In a Chapter 7 bankruptcy, the debtor’s assets areLiquidated and distributed to creditors. In contrast, a…

Bankruptcy cannot be used to get out of paying child support or alimony, to discharge a debt that was incurred through fraud, or to avoid a debt resulting from a criminal act. It cannot be used by businesses, and it cannot be used by individuals who have had a previous bankruptcy discharged within the past…

Filing for bankruptcy could mean that you have to sell some of your belongings in order to repay your debts. When you file for bankruptcy, the court appoints a trustee who is in charge of selling any assets you own in order to repay your creditors. This can include property, cars, or anything else that…

Filing for Chapter 7 bankruptcy protection is one way to eliminate most consumer debts. To qualify for Chapter 7, you must pass a “means test” that looks at your income and expenses. If your income is low enough, you can file Chapter 7 and have all of your unsecured debts discharged (eliminated). There are other…