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Under the Federal Rules of Bankruptcy Procedure, reaffirmation agreements “shall be filed no later than 60 days after the first date set for the meeting of […]

The most noteworthy change brought by the 2005 BAPCPA amendments occurred within 11 U.S.C. § 707(b). The amendments effectively subject most debtors who have an income, […]

Individuals who reside, have a place of business, or own property in the United States may file for bankruptcy in a federal court under Chapter 7 […]

When a troubled business is badly in debt and unable to service that debt or pay its creditors, it may file (or be forced by its […]

Bankruptcy for GMAC Inc., the auto and home lender majority owned by the U.S. government, would have cost the government as much as $50 billion, the […]

Chapter 7 bankruptcy is sometimes referred to as “fresh start” bankruptcy. It gets this name because it can erase most debts. Generally, a Chapter 7 bankruptcy […]

This Bankruptcy matter was brought pursuant to Section 524 of the Bankruptcy Code, for consideration of a reaffirmation agreement between the debtors (the “Debtors”) and (the […]

A consumer debtor may choose to liquidate under Chapter 7 or reorganize under Chapter 11 or 13 (depending on the amount of outstanding indebtedness). See 11 […]

Consumer credit problems are taking their toll on more and more people, according to bankruptcy numbers released recently. The National Bankruptcy Research Center (NBRC) reported that […]

The U.S. Code limits who may file for Chapter 7 bankruptcy based on several different criteria. For a general discharge, any individual qualifies who maintains legal […]

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