An individual receives a discharge for most of his or her debts in a chapter 7 bankruptcy case. A creditor may no longer initiate or continue any legal or other action against the debtor to collect …

Find information about bankruptcy laws, including answers to some of the most frequently asked questions. These videos will give you basic information about the process, the relief it offers, …

Chapter 13 offers individuals a number of advantages over liquidation under chapter 7. Perhaps most significantly, chapter 13 offers individuals an opportunity to save their homes from …

A case filed under chapter 11 of the United States Bankruptcy Code is frequently referred to as a "reorganization" bankruptcy. Usually, the debtor remains “in possession,” has the powers and …

United States trustees and bankruptcy administrators are responsible for estab-lishing a panel of private trustees to serve as trustees in chapter 7 cases and for supervising the administration …

The procedural aspects of the bankruptcy process are governed by the Federal Rules of Bankruptcy Procedure (often called the "Bankruptcy Rules") and local rules of each …

Chapter 7: Often called the "liquidation chapter," Chapter 7 cases may be filed by individual or non-individuals (corporations or partnerships). There is no debt limitation under Chapter 7; …

The formula used in bankruptcy cases to determine if an individual debtor would be presumptively abusing the bankruptcy process by filing a Chapter 7 case. Usually, if the debtor “fails” the …

It also provides individuals who maybe considering bankruptcy with a basic explanation of the different chapters under which a bankruptcy case may be filed and to answer some common …

“Chapter 7” and “Chapter 13” get their names from the portions of the U.S. Bankruptcy Code where they appear. There are several similarities among these chapters, which are both …