June 05, 2010 /24-7PressRelease/ — A half-dozen years ago, bankers were testifying to Congress about the need for a sweeping reform of bankruptcy law to make it more difficult for Americans to file for personal bankruptcy. They got what they wanted in 2005 with the Bankruptcy Abuse Prevention and Consumer Protection Act. A team of [...]
There are many questions to be answered when filing for bankruptcy. Such as, how much does it cost to file for bankruptcy? What property can I keep? Or what will happen to your house or car? Nowadays it costs $160 to file for bankruptcy, whether for one person or a married couple. The court may [...]
Filing for Chapter 7 bankruptcy protection without health insurance is risky. While medical debt incurred prior to filing for bankruptcy is dischargeable, medical debt incurred after the bankruptcy petition is filed is not. Put another way, if you get sick after you file for bankruptcy, the resulting medical bill is not included in the bankruptcy. [...]