The traditional non-dischargeable debts in bankruptcy are fairly known to most of us. But what about an obligation that arises out of criminal restitution and the debtor wants to get it discharged? Well, the issue of criminal restitution in bankruptcy is complicated and delicate as well. But ... Views: 2041
A consumer can file bankruptcy under any chapter but the most common type of bankruptcy is chapter 7, 11 and 13. With the introduction of some changes in the 2005, the filing process has been revised. You need to analyze it properly before you file bankruptcy. If you file under chapter 7 ... Views: 572
Millions of people in the US are filing bankruptcy after the colossal financial meltdown. They default on their payments and their extravagant lifestyle has exhausted their savings. Most of the people consider that filing bankruptcy can help them to get out of debt. But these debt stricken ... Views: 563
A large number of the American population is contemplating filing bankruptcy. The reckless consumers over indulge in shopping and exhaust their credit cards. And when they default on their multiple credit card payment they discharge their unsecured debts by filing bankruptcy. But do you know ... Views: 532
Millions of consumers in the US have default on their payment after the economic depression in the US. In such situation, they have no other alternative than to enroll in a debt relief program. It is calculated that an average American household carries $10,000. But with the passing of the phase ... Views: 526