Recent Posts in Filing for Bankruptcy Category
Posted on Jan 24, 2011 By Bizar & Doyle, LLC
Like other big cities Chicago has been hit hard by the foreclosure epidemic sweeping the nation. The city experienced a twenty percent increase in bank repossessions of foreclosures in 2010, amounting ...
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Posted on Jan 20, 2011 By Bizar & Doyle, LLC
There is a long list of requirements when you decide to file for Chapter 13 bankruptcy protection. However, the basis of your success will be dependent on the repayment plan. This must be submitted at ...
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Posted on Jan 19, 2011 By Bizar & Doyle, LLC
When you file for Chapter 7 you should become aware of the exemptions that are built into this type of bankruptcy. Depending on the state where you file different types of property will be eligible ...
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Posted on Jan 18, 2011 By Bizar & Doyle, LLC
The total amount of bankruptcy filings for 2010 increased eight percent from 2009 amounting to 1.53 million bankruptcies in the US. That means that five out of every 1,000 Americans filed for ...
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Posted on Jan 17, 2011 By Bizar & Doyle, LLC
In a radical move Newt Gingrich, former Speaker of the House, is putting his political weight behind a new bill that would make it possible for states to file for bankruptcy . If this were made ...
Continue reading "Newt Gingrich Proposes that States Should be Allowed to File for Bankruptcy" »
Posted on Jan 14, 2011 By Bizar & Doyle, LLC
Although the popular opinion about filing for bankruptcy is that Chapter 7 is preferable to filing for Chapter 13, there are many reasons to choose the latter. When you opt for Chapter 13 bankruptcy ...
Continue reading "Reasons to Consider Chapter 13 Bankruptcy" »
Posted on Jan 13, 2011 By Bizar & Doyle, LLC
If you plan on filing for Chapter 7 bankruptcy you must first become familiar with means testing. This refers to federal laws that determine whether you are eligible for filing for Chapter 7 ...
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Posted on Jan 7, 2011 By Bizar and Doyle
According to the United States bankruptcy laws, a discharge will release an individual from liability for his or her debt. Once debt has been discharged through the bankruptcy process, the individual ...
Continue reading "What is a Discharge in Bankruptcy?" »
Posted on Jan 5, 2011 By Bizar and Doyle
In order to file for Chapter 7 bankruptcy , you will have to complete several forms including a petition. You will also have to fill out a statement of financial affairs and several schedules. The law ...
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