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Chapter 7 bankruptcy

For-Profit College Files For Chapter 7 Bankruptcy

Bankruptcy is certainly not limited to individuals, as one for-profit college with a branch in Ohio recently demonstrated. Although the college had operated for 30 years, the changing landscape of education forced the establishment to close it’s doors and file for a Chapter 7 bankruptcy. Like any bankruptcy, there will be some fallout, as more than a thousand students are…

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Will I Lose My Property After Filing For Chapter 7 Bankruptcy?

If you are struggling under the weight of overwhelming debt, you may be considering your options on how to find relief from your situation. While you may have considered Chapter 7 bankruptcy as an option, you may be worried that you will lose your most important assets, such as your house and car, during the process. The good news is…

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Bankruptcy-Exempt Property Under Chapter 7

If you’re considering bankruptcy, chances are you are already familiar with the pressure of looking around at what worldly possessions you have and wondering if you will have anything left by the time you get to the other side of whatever difficult season you are in. The good news for those who are concerned that they will be left homeless…

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Remember To Consider Emotions When Filing For Bankruptcy

People often think about bankruptcy in a very clerical, legalistic way. It is very important to know about the legal steps you need to take to use bankruptcy, as it has to be done in a specific fashion, but there is another side to the process. Experts point out that it’s crucial to consider the emotional toll and the stress…

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Student Loan Debt And Bankruptcy

National statistics show that U.S. college students and graduates owe more than $1.2 trillion dollars in student loan debt. This mindboggling figure has raised red flags among many economists who are concerned about many borrowers’ ability to repay these debts. For people with student loan debt, one of the common beliefs is that student loans cannot be discharged in a…

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