What happens during a Section 341 meeting? The creditors you listed when filing for Chapter 7 bankruptcy will be invited to the Section...

You must find an approved course provider The bankruptcy certificate verifies that you have taken a debtor education and credit...

Filing for bankruptcy before divorce If you and your spouse are planning on getting a divorce but you are heavily in debt with no way to...

Income The results of a Chapter 7 means test are based on a bankruptcy filer’s total household income even if their spouse is not seeking...

Chapter 7 vs. Chapter 13 Chapter 7 involves liquidating assets to pay creditors. That means debts that are not exempt are sold to cover...

Can bankruptcy affect your estate planning? Yes. Whether you file for Chapter 7, Chapter 11 or Chapter 13, there are ways in which...

The first part of the means test The first part of the means test is performed using data found on Chapter 7 bankruptcy petitions. To...

The automatic stay When a Chapter 7 bankruptcy is filed, the court the case is assigned to issues what is known as an automatic stay....

The trustee inventories assets After filing for Chapter 7 bankruptcy, everything that you own becomes part of the bankruptcy estate. The...

Chapter 7 bankruptcy and spending discipline The court would likely take a dim view of certain spending practices that occur in the days...