Filing for Bankruptcy
Filing for Bankruptcy
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How to File for Chapter 7 Bankruptcy
Chapter 7 "discharges" or erases qualifying debt without you directly repaying creditors. Instead, the bankruptcy trustee sells unneeded luxury property and uses the funds to repay creditors. Learn more about the process.
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Steps in a Chapter 13 Bankruptcy Case
Learn about the Chapter 13 process, which begins with filing initial paperwork and continues until the completion of the three- to five-year repayment plan, at which point the court "discharges" or eliminates qualifying debt balances.
Timing Your Bankruptcy Filing
Timing Your Bankruptcy Filing
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Top Reasons to File for Bankruptcy Right Away
Some situations require filing for bankruptcy quickly. Learn about why if you're facing situations like foreclosure, repossession, eviction, wage garnishment, or a lawsuit, you can benefit from filing for bankruptcy fast.
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How Often Can You File for Bankruptcy?
You can file for bankruptcy as often as you'd like, but limits exist on how frequently you can eliminate or "discharge" qualifying debt. Also, you lose the complete protection of the automatic stay if you file more than once a year.
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I just lost my job and need bankruptcy. Should I file now or wait?
In many situations, it makes sense to wait to file for bankruptcy if you've just lost your job.
Bankruptcy Petitions
Bankruptcy Petitions
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Where Should I File My Bankruptcy Petition?
Here's how to figure out the correct bankruptcy court in which to file your bankruptcy petition.
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How to File an Emergency Bankruptcy Petition
If you need to file for bankruptcy quickly, you can file a bare-bones emergency petition now and the remaining documents later.
The Credit Counseling & Debtor Education Requirement
The Credit Counseling & Debtor Education Requirement
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What Are the Differences Between Credit Counseling and Debtor Education in Bankruptcy?
With a few rare exceptions, you must get credit counseling before you file for bankruptcy, and complete a debtor education course in financial management afterward. Here are the details.
Converting Your Bankruptcy
Converting Your Bankruptcy
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Converting Your Chapter 7 Bankruptcy to a Chapter 13 Case
Learn when you might want to convert your Chapter 7 bankruptcy case to Chapter 13, or when the court will require it.
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Converting a Bankruptcy Case from Chapter 13 to Chapter 7
If you can’t afford to make your Chapter 13 plan payments any longer, you might be able to convert your case to Chapter 7 bankruptcy. However, you could lose property. Learn more.
