Generally, individuals file either a Chapter 7 or a Chapter 13 bankruptcy. But, for the purposes of this post, we’re going to discuss the advantages of a Chapter 13 bankruptcy. The U.S. Bankruptcy Courts refer to Chapter 13 as the “wage earner’s plan.” In other words, it’s the chapter that people...

If you decide to file a Chapter 7or Chapter 13 bankruptcy, you will be required to complete credit counseling and a debtor education course. However, this is required of all individual or non-business bankruptcy filers throughout the United States, not just here in Pennsylvania. Anyone who files...

A lot of debtors who file Chapter 7 bankruptcy are behind on their rent or mortgage. They’re 30, 60, or 90 days late on their credit cards. Their utilities are close to being shut off by the utility companies, and their vehicles are an inch away from being repossessed. As debtors learn more about...

Starting a business is an admirable endeavor. For many entrepreneurs, if they don’t have the personal funds to bootstrap their business, or if their business idea was rejected by Venture Capital firms and Angel Investors, their last resort is a Small Business Administration loan through an...

Bankruptcy can be an extremely valuable debt-relief option for Americans who are saddled with so much debt, it would take them years, if not decades to dig out. Unfortunately, though, some debtors have been known to abuse bankruptcy in the past. When debtors conceal assets from the bankruptcy...

If you have accumulated a lot of credit card debt and you’re seriously considering filing Chapter 7 or Chapter 13 bankruptcy, you may be thinking that you’re going to swear off credit cards forever. You may even be thinking, “For here on out, I’m only using cash” or “I will never touch another...