The goal with Chapter 7 bankruptcy is to eliminate your debt entirely. You do have to liquidate some of your non-exempt assets, although there are exemptions for many things, such as your home or the tools of the trade. After the bankruptcy filing, creditors are paid,...
A mortgage is a very serious financial obligation. When looking at the French origins of the word, which essentially means “death pledge,” the amount of obligation becomes obvious. Many mortgages run for 30 years, making it a commitment that lasts for a significant...
When you are facing overwhelming debt and all the burdens that come with it, Chapter 7 bankruptcy can be a viable option for relief -- but only if you qualify to file for it. Chapter 7 bankruptcy is one of the most common forms of debt relief that discharges debts...
