Tag Archive

What Is Bankruptcy? What Does It Do For Me?

Published on May 18, 2010 By ssanchez

Have you been thinking about filing for bankruptcy protection? Given the negative connotation of the word bankruptcy, are you scared to wits what it can do to you?  Bankruptcy is not something that you should be afraid of.   If you choose to file for bankruptcy protection, it is devastating in the short term, but it [...]

Can I File Bankruptcy By Myself?

Published on May 6, 2010 By ssanchez

There is absolutely no law prohibiting you from filing for bankruptcy protection by yourself.  You will need to file all the appropriate paperwork, with all supporting documents.  At the trustee’s meeting, also known as the 341 meeting, you will have to represent yourself in front of the trustee, with possible representation by the the creditors.  [...]

Chapter 7 Bankruptcy

Published on May 4, 2010 By ssanchez

Chapter 7 bankruptcy is where you have the option to keep the secured debt (such as home mortgage or car loan, hence allowing you to keep some of your assets) while most of the unsecured debts (credit card balances, utilities, miscellaneous bills) are legally discharged. Chapter 7 bankruptcy stays on your credit report for 10 years [...]