Tag Archives: Saint Petersburg Bankruptcy Attorneys
What is Chapter 13 Bankruptcy?
One of the most commonly used bankruptcy options for individuals and families is Chapter 13 bankruptcy. There are many factors and reasons why someone might choose Chapter 13 bankruptcy over another form of bankruptcy, including eligibility and asset retention. How does Chapter 13 Bankruptcy work? Chapter 13 bankruptcy is also known as a “wage… Read More »
Creditors Are Cracking Down on Debtors Who Keep Property
Bankruptcy can be a challenging and confusing process; debtors often face a variety of consequences, such as damaged credit ratings and surrender of personal property. Typically when a debtor agrees to enter bankruptcy, the debtor also agrees to surrender property that is encumbered with debt – but a recent trend has resulted in some… Read More »
Chapter 7 Bankruptcy: Am I Eligible?
When people talk about “filing for bankruptcy” what they do not realize is that there is no single process or single relief designated as bankruptcy. There are six types of federal bankruptcy processes. The most common type of bankruptcy is Chapter 7. What is Chapter 7 Bankruptcy? Under Chapter 7 bankruptcy, a bankruptcy trustee… Read More »