Bankruptcy's automatic stay stops most collection actions but isn't absolute. A creditor can ask a bankruptcy judge to remove the automatic stay to allow foreclosure, repossession, eviction, or the continuance of a state court fraud trial.
Because protecting cash, checking, savings, and investment accounts is difficult in bankruptcy, a trustee can quickly obtain them and distribute them to creditors. Learn what's required to keep money safe in Chapters 7 and 13.
Learn about an individual bankruptcy filing and your non-filing spouse, including if you'll have to include your spouse's income, whether your bankruptcy will wipe out joint debt, and what will happen to community property.
Filing for bankruptcy after divorce has advantages, but filing before is simpler. Learn about the benefits of filing for bankruptcy before a divorce, such as discharging mutual debts, as well as potential pitfalls to watch for.
Learn about protecting bank account funds in Chapter 7 using bankruptcy exemptions, and other strategies for keeping your money safe when bankruptcy exemptions aren't available.
The U.S. Trustee Program oversees the bankruptcy trustee appointed to your case and more. Learn about the differing responsibilities of the bankruptcy trustee and the U.S. Trustee.