Recent Posts in Chapter 7 Category

  • Student Loans & Bankruptcy

    Posted By The Bankruptcy Law Firm || 25-Aug-2015

    In general, you cannot have your student loan debt discharged by means of a chapter 7 or Chapter 13 bankruptcy. You would need to prove that repaying your student loans would cause you undue hardship to have them eliminated. What precisely constitutes undue hardship varies from court to court. The burden of proof lies with you for demonstrating you cannot feasibly repay your loans. What is known ...
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  • Can I file Bankruptcy while in the Military?

    Posted By The Bankruptcy Law Firm || 21-May-2015

    Those in the military have the same right as any to file for bankruptcy relief and actually enjoy certain benefits over civilian debtors. On the other hand, filing for bankruptcy can also affect your security clearance in some situations. Service members are offered federal protection in civil actions thanks to the Service-member’s Civil Relief Act, or SCRA. This act allows courts the right ...
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  • Liquidation vs. Adjustment: How Chapter 13 & Chapter 7 Bankruptcy Differ

    Posted By The Bankruptcy Law Firm || 10-Oct-2014

    Filing for bankruptcy is a serious step. Before you make the decision, you should know what option is best for you. By understanding the differences between Chapter 7 and Chapter 13, you can make an informed choice before filing for bankruptcy. Not only does the chapter you select influence your immediate financial situation, but it can also effect you in the future. For this reason, it is helpful ...
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