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Bankruptcy Basics

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What Questions Will the Bankruptcy Trustee Ask at the 341 Meeting of Creditors?
At the 341 meeting of creditors, the bankruptcy trustee will ask you to verify the accuracy of the information contained in your bankruptcy petition and ask about any unusual information in your filings. Creditors can also ask financial questions at the bankruptcy creditors meeting. ... READ MORE
Bankruptcy FAQ: The Chapter 7 Means Test
Not everyone qualifies for a debt discharge in a Chapter 7 case. If your income exceeds the allowed amounts or you don’t qualify for a means test exception, you’ll need to explore Chapter 13 bankruptcy for debt relief. ... READ MORE
What Happens to Debt Resulting from Fraud in Bankruptcy?
Debts resulting from fraud are nondischargeable and don’t go away in bankruptcy. ... READ MORE
Advantages and Disadvantages of Filing for Bankruptcy
Filing for bankruptcy has its advantages, but it comes with consequences, too. Find out whether it will be worth it to declare bankruptcy. ... READ MORE
Chapter 7 Bankruptcy Basics
Chapter 7 bankruptcy quickly discharges certain types of debt while allowing you to keep the property you need to live and work. ... READ MORE
How Do I Renegotiate My Car Loan in Chapter 7 Bankruptcy?
Before you enter into a new contract (called a reaffirmation agreement) to keep your car in a Chapter 7 bankruptcy, you can try to renegotiate the terms of your car loan with your lender. ... READ MORE
What Does the Bankruptcy Trustee Look for in Bank Statements?
The bankruptcy trustee will review bank statements to verify your income and creditor payments and evaluate whether you properly exempted the account funds. The bankruptcy trustee also uses bank statements and other documents to find errors in your bankruptcy paperwork, fraud, and assets for creditors. ... READ MORE
Chapter 7 Bankruptcy Filing Process Explained
This step-by-step explanation of the Chapter 7 bankruptcy process teaches you how to determine whether you should file for Chapter 7 bankruptcy, how to prepare the bankruptcy petition, and what to expect after filing your case. ... READ MORE
 

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