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Bankruptcy News & Articles

What is Chapter 11 Bankruptcy?
posted by Richard Pierce

Chapter 11 Bankruptcy is a type of reorganization that allows corporations or partnerships to reorganize and consolidate debt without losing assets or dissolving the business. Although most people think of Chapter 11 as the typical choice for large companies, this type of reorganization is also available for  Read More …

Are You Eligible to File for a Chapter 7 Bankruptcy?
posted by Richard Pierce

Before 2005, it was fairly easy for debtors to file a Chapter 7 bankruptcy and essentially eliminate all of their current debt. However, in 2005, an increasing number of bankruptcy filings prompted Congress to pass the Bankruptcy Abuse Prevention and Consumer Protection Act. This act made it more difficult for consumers  Read More …

What’s the Difference between Chapter 7 and Chapter 13 Bankruptcy?
posted by Richard Pierce

When considering filing for bankruptcy, it is easy to become confused about which chapter to file under. Many people believe that it is always in your best interest to file a Chapter 7 bankruptcy, because your debt can be completely eliminated and there is no obligation to repay even a portion of what is owed. However, this is not always  Read More …

Get a Free Consultation Before Filing for Bankruptcy
posted by Richard Pierce

Overwhelming debt? You have a way to take control. We can give you solid guidance on what is best for your situation. If you have mounting debt and you are looking for advice on which way to turn, we can provide you with fast and accurate answers on how best to proceed  Read More …

Top Reasons Good People File for Bankruptcy
posted by Richard Pierce

These days, just about anyone can find themselves facing difficult financial challenges. It is common for good people to do everything possible to make ends meet and still come up short of money. Loss of a job, unexpected medical expenses, divorce, living off your credit cards, or any number of similar situations in life can cause financial difficulty. It's not a bad thing when good people get behind financially, it just happens  Read More …