Eligibility for a discharge under Chapter 7 bankruptcy is dependent on several factors. For example, debtors with prior bankruptcy discharges may not be eligible for relief. But the most common factor that prevents a debtor from filing Chapter 7 bankruptcy… Continue Reading
In Chapter 13 bankruptcy cases debtors file a plan to repay creditors over three to five years. Creditors are paid differently depending on the class of creditor. Secured creditors are paid in the plan if the debtor elects to include… Continue Reading
Under current bankruptcy law and the exemptions available in the state of Texas, filing bankruptcy after retiring makes a lot of sense. For most people retirement results in a reduction in monthly income. Social Security benefits and retirement income seldom… Continue Reading
Foreclosure is a big problem in the United States, with millions of foreclosure filings listed each year. The following list contains common reasons why properties are foreclosed:
There were over 2 million foreclosure filings in the United States in 2012. That means that there were over 2 million families losing their homes, or businesses failing and losing property.