When a Second Lien Holder Writes Off a Discharged Debt
What happens to a second lien when the second lien holder writes off a discharged debt from filing a Chapter 7 bankruptcy? Second Lien Holder Involves IRS When a second lien holder writes off a...
View ArticleBetter Understanding the Automatic Stay in Maine Bankruptcy Law
If you are filing a Chapter 7 under Maine bankruptcy law, how the courts view and enforce the automatic stay becomes more important because of the limitations on your personal exemptions. The automatic...
View ArticleStay and Pay After Filing Bankruptcy
Can you stay and pay for your home after filing bankruptcy, or do you have to surrender or reaffirm your home? This question is asked by a lot of bankruptcy filers in connection with whether or not...
View ArticleForm B6B for Filing Chapter 7 Bankruptcy
A lot of questions from new bankruptcy filers can arise about filling out Form B6B for filing a chapter 7 bankruptcy. The form is generic and appears to ask for detailed information in a very small...
View ArticleDivorce, Credit Card Debt, and a Chapter 7 Bankruptcy
When my sister divorced, she settled for a lot of her former spouse’s credit card debt in the divorce decree. Now having too much debt for her single salary to ever completely pay off the principal...
View ArticleCalifornia Debtor Facing Choice of Filing for Bankruptcy
One California debtor recently blogged his bankruptcy story over a bankruptcy website. The debtor has fallen on hard times due to a cocaine addiction, but rehab has given him a fresh new start. He lost...
View ArticleWhat Happens if You are Slightly Over the Means test?
The means test was devised by Congress in the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act to help protect creditors from abuse by debtors whom formerly had filed bankruptcies in a...
View ArticleBasics on the Chapter 7 Bankruptcy Process
There is always a lot of questions asked about the chapter 7 bankruptcy process, especially from new filers. Since bankruptcy law can become very complicated, this article is an attempt to deal with...
View ArticleHow the Term Liquidation is Used in the Bankruptcy Process
The term liquidation is used in a general sense as a noun to describe various actions by agreement or litigation to determine the precise amount of indebtedness, damages, or accounts held by a person...
View ArticleUnderstanding the Basics of a Chapter 7 Bankruptcy
Bankruptcy law can be very complicated at times for a layman not familiar with legal jargon and terms. I have been writing a series about the basics in bankruptcy and this article deals with...
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