Federal Bankruptcy Exemptions

Should You Delay Filing a Bankruptcy Case Until April 1?

02/26/13

Sometimes in a Bankruptcy case, timing is everything There are lots of numbers in the Bankruptcy Code: numbers that limit filing under Chapter 13 consumer reorganizations based on the amount of debt that you owe; numbers that determine the amount of your exemptions; and numbers that determine your eligibility for a Chapter 7 filing based [...]

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Negotiate With a Chapter 7 Trustee, Not The Credit Card Company

05/22/12

So you have some excess equity in your car of some other assets, but you cannot afford a Chapter 13 repayment plan and your income is under the median income for your family size. You still need a bankruptcy discharge to get a fresh start and begin rebuilding your credit. What should you do? In [...]

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Billionaire Bankruptcies?

06/27/11

As reports surface that wealthy socialite Patricia Kluge has filed for Chapter 7 bankruptcy protection, many have wondered:  how can you file for bankruptcy when you are a billionaire? When United State bankruptcy laws were drafted, the focus was pro-debtor.  The idea was to provide a fresh start for people who had suffered under the [...]

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