Chapter 7 Bankruptcy

This article considers some of the debts that cannot be discharged by filing for Chapter 7 bankruptcy protection. It also provides a brief explanation why you may not discharge these debts during the Chapter 7 bankruptcy process. Many debtors think that all of their debts can be discharged by filing for Chapter 7 bankruptcy. This [...]

Grounds For Objecting to the Bankruptcy Discharge In the vast majority of cases, the bankruptcy discharge is the primary reason debtors enter the Bankruptcy Court. After all people file bankruptcy to get rid of debt and a court order is certainly an effective way of making this happen. However, receiving a discharge is not guaranteed, [...]

Don’t Use Credit Cards on the Eve of Bankruptcy Perhaps you bought your Christmas gifts on plastic and had a brief daydream about a free holiday thanks to the Bankruptcy Court. Maybe you were planning to file already and figured getting rid of holiday bills would be an extra advantage. Think again. Even before we [...]

Bankruptcy Relief Hasn’t Always Been Available Bankruptcy is a process under federal law whereby individuals as well as businesses can shed unmanageable debt and start over. Under the right circumstances, filing for bankruptcy can provide tremendous relief, however, for much of history, the concept of discharging debt was quite foreign. Historically, individuals who could not [...]

Duffy’s Testimony Contradicts Corzine When MF global filed for bankruptcy on October 31, it was the nation’s 8th largest bankruptcy filing. Controversy has surrounded Corzine and the demise of MF global largely due to $1.2 billion in missing client funds as well as all-in bets on risky European debt. Corzine has repeatedly denied knowledge of [...]