A bankruptcy discharge is available to you at the completion of your bankruptcy case. Your debt is erased when you receive the bankruptcy discharge, and the debt is no longer enforceable. However, when you receive a bankruptcy discharge will depend on whether you file for Chapter 7 or Chapter 13 bankruptcy, the two most common forms of personal bankruptcy. Chapter 7 … [Read more...] about How Long Before Debt is Discharged After Bankruptcy?
Instances Where You Might Want to File for Bankruptcy Here are four instances you could find yourself in where you may want to consider filing for bankruptcy: Behind on Bills – Life is unpredictable, and sometimes you’re not prepared for a financial crisis. If you know you won’t be able to pay your bills on time every month, or have already fallen behind, filing for … [Read more...] about When Should You File for Bankruptcy?
By Mike Broemmel Incarceration negatively impacts a person’s life on a number of levels beyond the obvious problems associated with jail time. One aspect of incarceration is the negative effect on an inmate’s finances. If you have found yourself in prison and trying to deal with an ever-eroding financial situation, bankruptcy can be an ideal option for you. To take advantage … [Read more...] about How to File for Bankruptcy While in Prison
BY SCOTT RIDDLE No…not Debtors’ Prison (unless it is child support or some taxes). It is not all that unusual that someone who files a Bankruptcy case goes to jail later, or someone already in jail or prison wants to file a Bankruptcy case. For example, take the person who is in financial trouble and gets behind on child support. He or she may file a Bankruptcy case, and … [Read more...] about Can My Brother File Bankruptcy From Jail Or Prison?
By Diane Davis Sept. 26 — A prisoner incarcerated in Minnesota for “various criminal convictions” can discharge his room and board costs — incarceration costs — in his Chapter 7 bankruptcy proceeding ( Cty. of Dakota v. Milan (In re Milan), 2016 BL 312159, B.A.P. 8th Cir., No. 16-6012, 9/22/16 ). Judge Anita Louise Shodeen of the U.S. Bankruptcy Appellate … [Read more...] about Prisoner Can Discharge Incarceration Costs in Bankruptcy