More Articles by Cara O'Neill
Articles 121-130 out of 154
Can I File for Chapter 7 Bankruptcy If I Am Unemployed?
There is no bar to filing for bankruptcy if you are unemployed. Like all Chapter 7 bankruptcy filers, you'll have to pass the means test in order to file for Chapter 7. The lower your income, the easier it is to pass.
How to Fill Out Bankruptcy Schedule A/B: Property
When you file for Chapter 7 or Chapter 13 bankruptcy, you will have to fill out a document called Schedule A.
How to Use the Wildcard Exemption in Bankruptcy
The wildcard exemption in Chapter 7 and 13 bankruptcy provides a way to protect more of your assets from liquidation during bankruptcy. The exemption allows you to protect property not generally covered under other exemptions.
How To Amend Your Bankruptcy Forms
If you make a mistake in your bankruptcy petition, schedules, or other paperwork, you can correct it easily by filing an amended version of the form.
The Differences Between Personal and Corporate Bankruptcy
Bankruptcy is a common tool used by both individuals and businesses. However, personal and business bankruptcies are not the same things and have different rules for the same chapters.
Can I File for Bankruptcy If I Haven’t Filed Taxes?
Your tax returns don’t need to be current when filing for bankruptcy, but you must turn over the last filed return in Chapter 7. By contrast, the Chapter 13 bankruptcy trustee must review the previous four years of tax filings. Learn more.
What Happens to Investment Real Estate in Bankruptcy?
If you own property that you don't use as a residence, you might lose it if you file for Chapter 7 bankruptcy.
Can I Refile If My Chapter 13 is Dismissed for Non-Payment?
You can usually refile a Chapter 13 petition, but not always. Also, expect to overcome new hurdles. For instance, you could lose the automatic stay protection that stops creditor collections.
How Do Bankruptcy Lawyers Get Paid?
Many people get the money to pay the lawyer’s retainer by borrowing from friends and family or by paying the lawyer instead of debts they can eliminate in bankruptcy. Learn more strategies for paying bankruptcy legal fees.
Chapter 7 No-Asset Bankruptcy
Most people file what is often referred to as a no-asset Chapter 7 bankruptcy case, which is a case without any property that the bankruptcy trustee can take and sell to repay creditors.