Chapter 7 Advantages No minimum or maximum debt is required. Any unpaid balances are discharged after you assets have been liquidated. You can keep any wages you earn or property, except for inheritances, after the bankruptcy filing date. Most cases are completed in 4-6 months. Creditors can no longer contact you once a petition is [...]
Monthly Archives: February 2012
The New Bankruptcy
The New Bankruptcy It is no secret that many people have contemplated bankruptcy due to the financial strain they are facing. A large percentage of people make financial New Year’s resolutions and bankruptcy is an option that they have pondered. Consumers assume bankruptcy is their way out of the financial crisis in their household. This [...]
How To Make Money Resolution’s Pay Off
When it comes to making New Year’s resolutions about money, most Americans know what they need to do – and they seem to know they’re not gonna do it. At least, that’s what a new survey from the Allianz Life Insurance Company indicates… Even though 2011 saw high unemployment, sagging home prices and a volatile [...]
Can a Debt Be Collected Forever?
Can a Debt Be Collected Forever? You probably know that if you owe money, the company you owe can do lots of things to try to collect it – like damaging your credit score, sending a collection agency after you, and suing you in court. But can they come after you for the rest of [...]
