randallsaxton

A Chapter 7 bankruptcy case is also referred to as a “liquidation” bankruptcy. However, don’t let this frighten you away from obtaining more information about how filing Chapter 7 can help you resolve your debt problem. For many individuals, filing bankruptcy under...

Arriving at the decision to file bankruptcy is not an easy process. No one sets out with the intent of filing bankruptcy, but there are times when filing bankruptcy is the best option for resolving a debt problem. For many people, filing a Chapter 7 or Chapter 13...

The easy answer to this question is to get rid of debt; however, that is not really answering the question “why” someone needs to get rid of debt. Filing bankruptcy doesn’t have the same stigma that it once did. Many people used to think that filing bankruptcy meant...

A common concern that many people have when considering filing for bankruptcy relief is how filing a bankruptcy will impact their credit score. You may have heard that filing a bankruptcy case ruins your credit rating forever. While your credit score may be lower for...

Many couples have joint financial accounts, including credit cards, bank accounts, and retirement accounts.  They also title their assets in both names. Therefore, many people incorrectly assume that if one spouse files for bankruptcy relief, the other spouse must...

Income tax debt is one of the reasons many people file for bankruptcy relief. However, most income tax debt is non-dischargeable meaning you cannot get rid of the debt by filing a bankruptcy case. However, in some cases, income tax debt is dischargeable in a...

Student loan debt is an epidemic in the United States. In the early 1990s, less than have of students graduating with four-year degrees had student loans.  Today, it is estimated that approximately 68% of students graduating with a four-year degree have student loans....

The thought of losing assets is one of the most common fears associated with filing bankruptcy. Bankruptcy myths are abundant on the internet. Losing everything you have worked so hard to purchase is one of those myths. Yes, some people may lose their home or car when...

The purpose of filing a bankruptcy case is to obtain a bankruptcy discharge. Without a bankruptcy discharge, you have wasted your time and your money. A bankruptcy discharge releases you from your personal liability to repay your debts. Once you receive your...

When you file a bankruptcy case, you must list each of your debts in your bankruptcy schedules. Your bankruptcy forms are signed under oath, so you are swearing that each debt you owe is listed. It is possible to forget to list a debt, and if so, an amendment can be...