Once the court accepts your bankruptcy petition, it will assign your case to a trustee. Trustees within the system work independently of the bankruptcy court and under the U.S. Trustee Program, which is part of the Department of Justice. Your trustee is the person...

If you own a home, you may worry about whether you can keep the property if you file for bankruptcy. The answer depends on your state of residence since each provides its own list of assets that remain exempt in a bankruptcy filing. Learn more about protecting your...

When you fall into debt, it can create many stressors in your life. The last thing you need is a debt collector getting on your case. Unfortunately, abuse from debt collectors is an all too common issue. Is there any way that you can circumvent this? If you are...

You do not have the most favorable financial health right now, and you may consider filing for bankruptcy. One factor or another may keep you from filing for now, but do you understand the emotional and mental toll that debt takes on you? CogentBlue lists the...

When debts get out of control for someone in Pennsylvania, sometimes he or she needs to consider the option of bankruptcy. Whether someone chooses to file Chapter 7 or Chapter 13 bankruptcy depends on which is better for his or her situation. What is Chapter 13...

Approximately 60% of all bankruptcies filed in the United States relate to medical debt. That amounts to about 530,000 filings every year. Many people assume that the problem is a lack of insurance, but that is not the case. While one in 12 Americans has no health...

Filing bankruptcy may be one of the biggest decisions that you ever make, but it is a solid first step toward a healthy financial future. Once you have gone through the bankruptcy process, it is time to start planning that future. For many people, secured credit cards...

An important part of the process when filing for bankruptcy is to make sure that you include all of your debts in your paperwork. If you fail to include a debt, the court cannot discharge it, which means the creditor can proceed to try to collect it after your...

When you file a Chapter 7 bankruptcy, the trustee in your case will seize any assets you have that are non-exempt to repay your outstanding debts. If you have assets that you do not fully own, such as a vehicle, then you may have to return that asset to the...

Filing for bankruptcy does have consequences. It can cause you to lose property to liquidation. If you have co-signers on a loan and you file for bankruptcy, they could shoulder at least some of the responsibility for your debt. According to Experian, bankruptcy also...