Chapter 7 Bankruptcy
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What Debt Is Not Excused with Chapter 7 Bankruptcy?

Bankruptcy is an option for some people who need relief from the financial debts they are drowning under. However, it is not a one-size-fits-all solution, nor will it take care of all debts. Understanding what is not excused with Chapter 7 bankruptcy is just as important as knowing what debts it can resolve. While bankruptcy…

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10 Tips for Rebuilding Your Credit After Bankruptcy

Filing for bankruptcy can cause even the highest credit scores to plummet deep into the subprime lending zone. Whether you start in the high 700s or the low 600s, bankruptcy will most likely drop your credit rating well below 550.  Being in this “subprime” lending zone means that an individual will have difficulty obtaining loans…

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When Banks Fail to Comply: Don’t Repay Discharged Debt

Bankruptcy is set up to allow debtors a reprieve from bills that they are unable to pay. The financial scrutiny they face is intense— every bill, bank account, asset, possession and debt is examined thoroughly. Then, if the courts decided that an individual should be granted a discharge, they are allowed what essentially amounts to…