Tag Archives: Chapter 7 Bankruptcy


Bankruptcy Lingo: 12 Terms You Need to Know

Going through bankruptcy is tough. It takes the advice of a good lawyer or a finance expert to make sure that you do everything right and well. On top of it all, the intricate nature of the process and the emotional impact of the proceedings can make the entire bankruptcy feel more complicated than it […]

If I file Bankruptcy, I will not have to pay back my debt and my credit report will be wiped clean, correct?

This is one of the biggest myths and misunderstandings with credit.  When you file bankruptcy you are telling the court that you do not have enough money to pay your bills.  Since you do not have enough money to pay your bills, you will have to include EVERYTHING in the bankruptcy and in return you […]