Our Free Article Library: Bankruptcy Basics

Bankruptcy Abuse Prevention and Consumer Protection Act

Monday, January 18th, 2010

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 [...]


What Is a Chapter Seven Bankruptcy?

Monday, January 18th, 2010

When 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, 2009

The five leading myths and misconceptions about bankruptcy.


Consumer Bankruptcy Overview

Thursday, October 1st, 2009

A clear and concise overview of the various forms of consumer bankruptcy.


Bankruptcy FAQ

Thursday, October 1st, 2009

A thorough Bankruptcy FAQ. Most general questions can be answered here.