When considering bankruptcy, many debtors will opt for court protection and reorganization of debt through a Chapter 13 filing. However, many of these debtors and even some lawyers are unaware of the debt limits that may keep them from being eligible for this particular process. As of April 1, 2013, limits on the amount of...Read More

Contrary to popular belief, bankruptcy has many advantages. Such advantages include getting rid of debt that is not secured with a property, such as credit card debt, medical bills, and payday loans. With a Chapter 7 bankruptcy, one advantage is the potential to strip a second mortgage on a home. Stripping the second mortgage, or...Read More