The benefits of Chapter 13 bankruptcy

Individuals who are in over their heads with debt often envision a future without any monetary obligations. Most of these individuals want to obtain that debt free life immediately, which they can do through Chapter 7 bankruptcy. However, though Chapter 7 works to...

What is the chapter 7 means test?

Bankruptcy offers you a chance to get out from under overwhelming debt and rebuild your finances. There are two basic options: chapter 7 and chapter 13. Each one has its own benefits and eligibility requirements, so you may need to research both to figure out which...

What is a balance transfer card?

There are many ways to manage your credit card debt. Many people spend a lot of time coming up with a strategy that works for them: popular strategies include the snowball method and the avalanche method. However, there is another option. Many people choose to apply...

Can I keep my home after Chapter 7?

Chapter 7 bankruptcy is commonly known as a liquidation bankruptcy. This is because the courts will liquidate the debtor’s assets to help pay off creditors. The two most common bankruptcies to file for as an individual or either Chapter 13 or Chapter 7. Persons...

Who can file for Chapter 7 bankruptcy?

Michigan residents with debt may look into methods of easing the debt. For many, bankruptcy is a viable option. But did you know that each type of bankruptcy has its own set of requirements? Not just anyone can file for any type of bankruptcy.  Today we will look at...