Monthly Archives: March 2011

2005 Laws When Filing Bankruptcy Under Chapter 7

Prior to 2005, Congress thought that it was too easy to file for bankruptcy. Apparently, it was abuse that spurred the passage of the new bankruptcy laws. Now, anyone considering filing bankruptcy under any of the various legal channels must … Continue reading

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Filing for Bankruptcy and the Bankruptcy Code

When filing bankruptcy initiates an automatic stay which means that creditors are essentially put on hold. They can no longer take steps to collect the owed money. The court clerk will give the petitioner a docket number or case number … Continue reading

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Changes To Bankruptcy Make Filing Tougher

When filing Chapter 13 or Chapter 7 bankruptcy, debtors must perform their intent to surrender, reaffirm, or redeem debt secured by property of the estate within 30 days after the first date set for the meeting of creditors. There are … Continue reading

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