Articles and posts about consumer bankruptcy can be found here. Chapter 7 bankruptcy and chapter 13 bankruptcy are the most common topics covered.
The House passed the Bankruptcy Threshold Adjustment Act Sept. 16, 2026 — not yet law. Here’s what a $2.75M Chapter 13 limit would mean for homeowners and small-business owners.
The IRS accepts only about 1 in 5 Offers in Compromise. Here’s how the offer amount is really calculated, what it costs to apply yourself, and how to spot the ‘pennies on the dollar’ tax-relief scam.
Can bankruptcy erase IRS tax debt? Yes — older income taxes can be discharged if they pass three timing rules. Here’s exactly how it works, from someone who’s helped thousands.
28% of Americans stay in relationships they want to leave because of money. Federal Reserve and academic research reveals options — from fee waivers to strategic bankruptcy — that can reduce divorce costs from $11,300 to under $500.
What disqualifies you from filing bankruptcy is narrower than most people fear. I filed in 1990 — here’s the real list of disqualifiers and why the fear of them costs people more than the disqualifiers themselves.
A bipartisan Senate bill would raise the Chapter 13 debt limit to a combined $2,750,000 and permanently restore the Subchapter V small business limit to $7,500,000. Here’s what changes and who gains access.
Check if you qualify for Chapter 7 bankruptcy with our free means test calculator. Select your state, household size, income range, and debt level for a personalized assessment in 60 seconds. No email required.
Quick Answer: When debt is forgotten in a Chapter 7 bankruptcy, most courts will still discharge it as a “no harm, no foul” situation if no money was distributed to creditors. The filer should immediately contact their bankruptcy attorney to resolve the $10,000 sewer bill issue before the town proceeds with foreclosure.Question:Dear Steve,I filed bankruptcy …
Quick Answer: A second bankruptcy filing is possible and may be the best solution for a 70-year-old with $400 monthly negative cash flow on $800 income. The expert advises against self-blame, noting that creditors made sophisticated but poor lending decisions when extending credit to someone with prior bankruptcy.Question:Dear Steve,Several years ago, I was so overcome …
Question:Dear Steve,I was contacted today by a law firm stating that they have a court case against me for a debt to Providian National Bank (Chase Bank) in the amount of $4695.24 from 08/31/2001.They state that the last known payment on this account was on 03/28/2002.I filed a Chapter 13 Bankruptcy in 2014 and this …
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