Soon after the euphoria of making a new nation died off, details had to be worked out about taxes, government, that sort of thing.  Inevitably, some first white Americans went bankrupt.  The first bankruptcy law didn’t come about until 1800, which would be repealed in 1803.  And basically, the pattern for the United States Bankruptcy [...]

For individuals there are two types of bankruptcy including Chapter 7 in which all of their debts are essentially eliminated and Chapter 13, in which their debts are paid off over a five-year period, supervised by a trustee of the court. Businesses can use a Chapter 11 bankruptcy during which they can reorganize their debt [...]

Bankruptcy laws in the United States are made to ensure the interests of the borrower are safeguarded, and are formed by the federal government and addressed accordingly by various US Bankruptcy Courts, and it is believed that each year as many as one million Americans go bankrupt and are found filing for bankruptcy. Most of [...]

There is much in the news these days about bankruptcy filings. Some of the reports are sympathetic to those who have filed for bankruptcy while other reports portray those who file for bankruptcy protection in a less than flattering light. In some ways, both are accurate representations as the sheer volumes of individuals who file [...]

When you think about a bankruptcy database, one that is used by the federal courts is known as PACER which can be accessed through the Internet though only after paying a fee for such access. Such a database is especially important to attorneys that need to file their client’s bankruptcy cases online and also because [...]

It is never easy to make the decision to file for bankruptcy.  However, it may be your only option if you cannot create a budget that will get yourself out of debt over the course of the next five years.  If you file for bankruptcy, you should know that going to bankruptcy court could be [...]

For many people, filing bankruptcy is one of the toughest decisions they face. Considering the stigma often attached to a person who has gone through the process, many will struggle for years attempting to avoid the process. However, those who choose to go through the court for debt relief of find that after bankruptcy bad [...]

Whenever a person considers filing for personal bankruptcy and student loans make up a good part of their debt, there is a good chance the loans will not be discharged. In 1998, when the government’s rules regarding bankruptcy were changed, student loans were ruled to be non-dischargeable as many financial institutions were losing million of [...]

While the phrase “what is old is new again” is a thoroughly worn out cliché, it has become a cliché because it is oft repeated and it is oft repeated because there is a great deal of truth and reality found within the words that comprise the phrase. In the case of bankruptcy, this is [...]

Many people are able to receive bad credit personal loans after bankruptcy, often as soon as 30 days following the discharge of the bankruptcy. Many companies have found a good market offering these loans, knowing a person cannot claim bankruptcy for a minimum of seven years following the bankruptcy discharge. This opens a new market [...]