You can wipe out medical debt in Chapter 7 bankruptcy. The rising cost of health care and the growing number of Americans without adequate health insurance coverage has led many people to file Chapter 7 bankruptcy to eliminate medical debts. Not all debts are treated the same in bankruptcy because Congress has decided that certain…
Bankruptcy Help – is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankruptcy help is not the only legal status that an insolvent…
The Benefits of Bankruptcy – If mounting bills, the threat of foreclosure and the constant hounding of creditors have become a source of stress and worry in your life by filing for bankruptcy now you will be saving yourself money and heartache down the road. It will make a financial clean slate a reality. The…
Chapter 11 vs Chapter 13 – Both bankruptcy filings allow businesses to continue operating under reorganization plans. But your bills can’t exceed $1,184,200 in secured debt (mortgage or car payments debt) and $394,725 in unsecured debt (credit card debt) in order to qualify for a Chapter 13 bankruptcy filing. That doesn’t mean you have to…
Getting out of debt is hard, and you did everything you could to avoid it. You cut back on spending. You sold stuff to make payments. You’ve been eating rice and beans for months now. But even with all the work, you’ve come to one painful conclusion, you may need to file bankruptcy. Bankruptcy is…
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