Chapter 7 Articles

How Section 8 Residents May Clear Their Debt

If You Qualify For Section 8 Housing, You May Be Eligible for Chapter 7 Debt Elimination
Chapter 7 Bankruptcy is designed to completely wipe out many types of debts for those who do not have the income to pay them off. If you qualify for Section 8 housing then you most likely are able to file.
The [...]

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Real Housewife of New Jersey Files for Bankruptcy

Every reality television addict and most of the rest of us have heard of Bravo’s “Real Housewives” series.
The popular series has run in cities such as New York, Los Angeles, and Atlanta, highlighting the lavish high end lifestyles of the housewives.
Bravo describes the women of Real Housewives New Jersey as “over the top” but “always [...]

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Football Legend Dermontti Dawson Files for Chapter 7 Bankruptcy

Dermontti Dawson, who is hailed as one of the best linemen ever to play in the National Football League, has filed for Chapter 7 bankruptcy, in Lexington, Kentucky.
The former University of Kentucky star played in the NFL for 12 seasons as a member of the Pittsburgh Steelers.
Most of the debts that led to the bankruptcy [...]

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School’s Chapter 7 Bankruptcy Causes $1.5 Million in Lost Tuition

Bankruptcy hurts not only the credit score of those who file, but it can also hurt community members and children, especially in the case of the Montecito School of Fine Arts in California.
The private school had campuses in Arcadia, Brea, and Monrovia, California, and was open from November 2005 to July 2009, when it [...]

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Make July a Month of Financial Independence

All Americans have been granted the inalienable rights of “life, liberty, and the pursuit of happiness.” But what if your pursuit of financial happiness has left you feeling less than liberated, and maybe even chained by your financial problems? It’s time to declare your financial independence with a little help from the forefathers of the [...]

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Texas Rangers Must Change Bankruptcy Plan

The Texas Rangers bankruptcy case has been thrown a change-up.
In 2009, the club defaulted on payments due to their lenders, and then officially filed for chapter bankruptcy reorganization in May of this year.
According to Bloomberg.com, the plan claimed to pay everyone in full, and did not permit anyone to vote on the plan. The [...]

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Chapter 7 Bankruptcy for Colorado Animal Enclosures Company

Horst Co., out of Greeley, Colorado, had a slate of unfulfilled orders left on the books when its owners filed for Chapter 7 bankruptcy protection recently.
Before the filing, the company had already shut down and left their customers without a variety of kennel and animal shelter products that were scheduled to go to businesses around [...]

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Chapter 7 Bankrutpcy Means Test

So you’ve decided Chapter 7 bankruptcy may be able to help, but you’re concerned about “The Means Test.” You may be wondering if it will prevent you from getting the help you need.
The means test, however, isn’t as intimidating as it sounds.
In 2005 Congress made major changes in the bankruptcy law. Many of these changes [...]

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Chapter 7 Bankruptcy for Terri’s Consign and Design

Terri Bowersock’s company was an example of success.
Starting in 1979 with a $2,000 loan, she built up Terri’s Consign and Design to a $15 million pillar of the community. She overcame a learning disability who became a self-made businesswoman recognized on the Oprah Winfrey show as an example of a strong and successful woman.
Now, however, [...]

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The Basics of Bankruptcy and Student Debt

It’s early summer, and everyone knows what that means: graduation caps are in the air. All those new grads out there are looking at a new world of independence, freedom, and paying back all those student loans.
Student debt really only be discharged in cases of death or permanent disability – typically, not even [...]

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