During the Bush administration, several laws were passed to make it more difficult for consumers to file Chapter 7 bankruptcy. Mostly the result of heavy lobbying by the banking industry and credit card companies, the changes in the laws resulted in a drastic drop in filings. The new law is referred to as the Bankruptcy [...]
Our Free Article Library: Bankruptcy Basics
What Is a Chapter Seven Bankruptcy?
Monday, January 18th, 2010When a consumer files for bankruptcy, they are said to have ‘discharged’ their debt. This simply means that any debts, or owed money, are erased from their record. Their credit is cleared and they no longer owe monies to their debtors. While this simple explanation of the term ‘discharge’ is easy to understand, the actual [...]
Leading Myths About Bankruptcy
Thursday, October 1st, 2009The five leading myths and misconceptions about bankruptcy.
Consumer Bankruptcy Overview
Thursday, October 1st, 2009A clear and concise overview of the various forms of consumer bankruptcy.
Bankruptcy FAQ
Thursday, October 1st, 2009A thorough Bankruptcy FAQ. Most general questions can be answered here.