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For those considering personal bankruptcy as the solution to their financial problems, they must choose to file for bankruptcy under either Bankruptcy Chapter 7 or 13. Both types of bankruptcy allow filers to exempt certain assets from bankruptcy proceedings. Exempted…

For debtors who find themselves grappling to pay for outstanding loans, filing for bankruptcy (Chapter 7) is a good recourse. But before you submit your bankruptcy application and have debts discharged, you need to meet certain qualifications prescribed under the…

The “automatic stay” is an injunction triggered by filing one of the following types of bankruptcy: Chapter 7, Chapter 11, and Chapter 13. With it in place, debtors are protected from further debt collection activities from creditors and collection agencies.…