• What Happens When a Person Declares Bankruptcy?

    What Happens When a Person Declares Bankruptcy?

    Filing for bankruptcy can wreak havoc on your mind, will and emotions. Bankruptcy is stressful for all involved. It can also lead to a stressful financial future if you fail to educate yourself on what happens from day one when you file bankruptcy. What are the key points to educate yourself on when a person […]

    Continue…


  • What Happens to Your Bank Account When You File Chapter 7?

    What Happens to Your Bank Account When You File Chapter 7?

    In chapter 7, bankruptcy, an individual’s assets are liquidated for payment to creditors. A few court-appointed trustees oversee the process and liquidate those assets. Those liquidation proceeds can then be divided among the Chapter 7 debtors and other unsecured creditors, such as credit card companies or medical bills. Any remaining funds remaining after all distributions […]

    Continue…


  • What Debts Are Covered by Bankruptcy?

    What Debts Are Covered by Bankruptcy?

    If you’re considering bankruptcy as an option to eliminate your debts, you’ll want to know which debts are included in a bankruptcy filing. Unfortunately, the creditor usually has to agree to write off a debt. In addition, the person filing for bankruptcy doesn’t have to include every single debt in their bankruptcy filing. Here are […]

    Continue…