Chapter 7 Articles

1). The New Bankruptcy “Means Test” Explained in Plain English By : Charles J. Phelan
With the new bankruptcy law in effect as of October 17, 2005, there is a lot of confusion regarding the new "means test" requirement. The means test will be used by the courts to determine eligibility for Chapter 7 or Chapter 13 bankruptcy. The purpose of this article is to explain in plain language how the means test works, so that consumers can get a better idea of how they will be affected under the new rules.
Article Related to: new bankruptcy law, chapter 7, chapter 13

2). Chapters 7 and 13 Bankruptcy Laws By : Nathan Dawson
The new changes made to bankruptcy laws 7 and 13. Important in determining whether to file bankruptcy or what chapter to file.
Article Related to: bankruptcy, chapter 7, chapter 13, bankruptcy law, bankruptcy restrictions

3). Bankruptcy: Why the Different Chapters By : Nathan Dawson
This article provides an explaination about the different bankruptcy chapters that an individual can file as well as when you should file each. This is very helpful when trying to determine if you should file bankrptcy as well as if you should even file bankruptcy.
Article Related to: bankruptcy, chapter 7, chapter 13, bankruptcy law, bankruptcy restrictions

4). The New Bankruptcy Law By : Charles Phelan
With the new bankruptcy law in effect as of October 17, 2005, there is a lot of confusion with regard to the new "means test" requirement. The means test will be used by the courts to determine eligibility for Chapter 7 or Chapter 13 bankruptcy. The purpose of this article is to explain in plain language how the means test works, so that consumers can get a better idea of how they will be affected under the new rules.
Article Related to: new bankruptcy law, means test, median income, chapter 13, chapter 7

5). When Bankrupting Is Worthwhile By : Kevin Muir
For many business owners bankruptcy seems scary but, sometimes, declaring bankruptcy is a worthwhile strategy. If you are considering the possibility of declaring bankrupting for your business, this article will review some key points you must know. It covers both Chapter 7 and Chapter 11.
Article Related to: bankrupting, chapter 7, chapter 11

6). Will Filing For Bankruptcy Haunt Me Forever By : Eulalia Allmand
Rather than focus on the perceived negative aspects, you should concentrate on the positive ones.
Article Related to: bankruptcy, bankruptcy attorney, lawyer, credit cards, loans, chapter 13, chapter 7

7). When Declaring Bankruptcy is a Good Option By : Jerry Work
The process can have very negative effects on your ability to borrow money for quite a long time (up to ten years), but there are circumstances where bankruptcy might be the best option.
Article Related to: bankruptcy, chapter 7, chapter 13, finance, credit, debt, debt consolidation, credit cards

8). Bankruptcy, When All Else Fails By : Rayven Perkins
Sometimes things go too far, and we are trapped in a well without a ladder. If your financial situation is so far out of hand that you are about to break, bankruptcy may be your only option.
Article Related to: bankruptcy, chapter 7, chapter 13