Z is for Zero! Our last installment in our Bankruptcy alphabet series

Zero.  That is how much unsecured debt remains after a chapter 7 or chapter 13 bankruptcy discharge.  

You should be back on track now, debt free.   There are a few exceptions.  Student loans or educational debts do not discharge in bankruptcy.  Some tax debt, unless paid in full could survive a chapter 7 bankruptcy.  Child support, spousal support, alimony, or any other Domestic Support Obligations remain after bankruptcy...

Y is for You Did It! You got a bankruptcy discharge!

Y was a tough letter to find to post about for bankruptcy.Not many bankruptcy terms begin with the letter Y, there isn't much caselaw that starts with the letter Y.No Judge has a name that starts with a Y in ChicagoSo, I figure I'll sell the benefits of bankruptcy, with Y is for YOU DID IT!You completed the bankruptcy case.  3 months for chapter 7, and 3 to 5 years for most chapter 13 bankruptcy cases.    So, now what?It is a good idea to check your credit report a few months...

D is for Discharge

D.  Choosing which topic for D was daunting. LOL, get it, D(aunting)?  I Digress.  I could have went with Debtor, Disposable Income, Domestic Support Obligations, Debtor Education Certificates among others.  But, what do people who file for bankruptcy really want?  Yes, a DISCHARGE.

A bankruptcy discharge comes approximately 90-120 days after a routine chapter 7 and upon completion of a chapter 13 repayment plan.   The automatic stay is what gives the case...

When can I file Bankruptcy again?

Bankruptcy Law Question:Subject: Filed as individual 3 years agoQuestion:Hi. About 3 years ago I filed chapter 7 as an individual because I wasn't married. Now i'm married and unfortunately got myself into some more debt. Can I file again because my status has changed or do I still have to wait the 8 years?Answer:Hi. Unfortunately, you cannot file chapter 7 bankruptcy again until 8 years from the date you filed previously. Your option at this point is to file chapter 13 bankruptcy, where...

Rapid Fire Q&A

Here are a sampling of questions I have been getting regarding bankruptcy an bankruptcy process. If you would like further bankruptcy information, please contact my law office.

If a Judgment was won against you for a security bond and you file bankruptcy with no real property or income, can that judgment be included in the bankruptcy?
I am not totally familiar with a 'security...