chapter 7 terms to know
Will I Lose My House If I File Bankruptcy Under Chapter 7 or 13? Will I lose my house if I file bankruptcy? This is one of the most common concerns for homeowners facing financial hardship. While bankruptcy does carry risks, many people do not lose their homes when filing, especially if they understand how […]
Can You File Bankruptcy and Keep Your Car Without Losing It? Can you file bankruptcy and keep your car? The answer depends on your car’s value, your loan status, and whether you file Chapter 7 or Chapter 13. For many people, their vehicle is essential to everyday life. Losing it could make it harder to […]
Can You File Bankruptcy on Private Student Loans and Get Relief? Can you file bankruptcy on private student loans if they’ve become too much to handle? Many borrowers assume student loans can’t be discharged in bankruptcy—but that’s not always true, especially for private student loans. While discharging private student loans is difficult, recent legal shifts […]
How Much Debt Do You Need to File Bankruptcy in 2025? How much debt do you need to file bankruptcy in 2025? It’s one of the most frequent and misunderstood questions asked by individuals facing financial hardship. The reality is that there’s no set amount of debt required to file. Bankruptcy is not about how […]
Will I Lose My Car If I File Bankruptcy or Can I Keep It? If you’re facing financial trouble, you might be asking, will I lose my car if I file bankruptcy? For many people, a vehicle is essential for work, family, and daily life. The good news is that in many cases, you can […]
Can You File Bankruptcy on IRS Debt and Eliminate Tax Liability? Can you file bankruptcy on IRS debt? It’s a common question for those overwhelmed by back taxes and struggling to keep up with payments. The short answer is: yes, in some cases, you can discharge IRS debt in bankruptcy—but only if strict conditions are […]
How to File Bankruptcy and Keep Your House Without Losing It If you’re dealing with overwhelming debt, you may be wondering how to file bankruptcy and keep your house at the same time. Many homeowners worry that filing will automatically lead to foreclosure, but that’s not always true. Whether you file Chapter 7 or Chapter […]
Understanding How Long Do You Have to Wait to File Bankruptcy Again If you’ve filed for bankruptcy before, you may be wondering how long do you have to wait to file bankruptcy again. Whether you need another financial reset or are facing new debt challenges, the rules depend on what type of bankruptcy you previously […]
Do You Lose Your House If You File Bankruptcy in 2025? Do you lose your house if you file bankruptcy in 2025? This is one of the most important and emotionally charged questions for homeowners struggling with debt. The answer depends on your financial situation, your home’s equity, whether you’re current on your mortgage, and […]
Can You File Bankruptcy on Back Taxes? Can you file bankruptcy on back taxes? Yes—but only under specific conditions. While not all tax debts are eligible for discharge, certain income taxes can be wiped out in Chapter 7 or reorganized in Chapter 13 bankruptcy. To determine if your back taxes qualify, you must meet several […]