In general the answer is “no”. Once you file bankruptcy, credit card companies will know you filed whether you list them or not. Most credit card companies will close your existing accounts, even if you have a zero balance at the time of the bankruptcy...
This is post 1 of 1 in the series “Chapter 7 Bankruptcy” Chapter 7 is a type of bankruptcy that offers individuals a fresh financial start by discharging many unsecured debts (such as credit card debt, medical debt, pay day loans, personal guarantees, and...
Whether you file for chapter 7 bankruptcy relief or for chapter 13 bankruptcy relief, bankruptcy law allows you to keep certain assets (called “exempt assets”). Non-exempt assets need proper pre-bankruptcy planning to avoid them being sold for the benefit of your...
Chapter 13 bankruptcy requires that a debtor pay his or her disposable income for a period of 3-5 years. The ultimate question is how much does the debtor have to pay and for how long. One requirement is that the debtor must satisfy the “best interests of creditors”...
Many bankruptcy debtors file bankruptcy in the midst of being a party to litigation: they have either been sued or are suing someone. Sometimes the lawsuit is the reason for the bankruptcy filing. Sometimes other events precipitate the bankruptcy filing (bank levy,...
