Bankruptcy FAQ

“What are the different chapters?” They refer to different parts, called chapters, of the bankruptcy law. Individuals may use Chapter 7 or Chapter 13. Chapter 7 gives you a fresh start by discharging your unsecured debts (such as credit cards and medical...

The Homestead Exemption

The Homestead Exemption and Shielding a Personal Residence from Creditors Upon filing for bankruptcy under either Chapter 7 or Chapter 13, a debtor can face the risk of losing some or all of his personal and real property assets to satisfy the claims of unsecured...