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Category: Bankruptcy FAQ

Does Bankruptcy Affect My Credit Score?

Many people don’t learn about a possible bankruptcy case because they have heard that bankruptcy will forever ruin their credit, and they will never get credit again. This is simply not true, however, and in many cases, bankruptcy can improve your overall credit picture. Below is some information about how bankruptcy might affect your credit,[…]

What is the Bankruptcy Means Test?

Chapter 7 bankruptcy is the most common type of bankruptcy for consumers, as it is the quickest and usually most efficient way to get rid of many of your debts. However, the law doesn’t let just anyone file for Chapter 7 bankruptcy, as you must qualify based on your income and wages. If you have[…]

Understanding Liquidation in a Chapter 7 Bankruptcy

Chapter 7 bankruptcy is one of the most common ways that people take care of debts they can’t afford to pay. However, many people don’t file for Chapter 7 bankruptcy when they should because they’ve heard they might lose everything they own in the process. If you’re looking for ways to handle debts, you should[…]

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