Displaying posts tagged with

“chapter 7 bankruptcy”

Forgive and Forget? Decoding Bankruptcy Debt Forgiveness Rul

January 1, 2010 By Maxine Magri, CPA The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, signed by President Bush on April 20, 2005, had two main objectives: reduce the number of debt categories that could be discharged and force more debtors to file Chapter 13 bankruptcy rather than Chapter 7. Chapter 7 is [...]

Personal bankruptcies on record pace

During the boom, Maggie Miley, 34, bought a house for $245,000 with an option-ARM mortgage. The payments were affordable, especially with her boyfriend paying half. But then he moved out and her hours performing facials were cut. In an economic downturn, “people don’t have as many important meetings and appointments to look good for,” she [...]

Bankruptcy Services. Better Bankruptcy Services Also, minnesota …

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