http://personalbankruptcyinfo.org Everything you need to know about personal bankruptcy Tue, 09 Jun 2009 18:45:44 +0000 http://backend.userland.com/rss092 en The basic role of the trustee in bankruptcy is to make sure that all parties, including the creditors, are treated fairly. The trustee is also responsible for making sure that any assets are sold for the most money and that the money is distributed to the creditors. When you and ... http://personalbankruptcyinfo.org/bankruptcy-trustees-role/ If you own your home and you want to keep it after filing bankruptcy, you must take steps now to protect yourself.  You must be up to date on your mortgage payments and property taxes and you must have enough monthly income to keep them current. If you are filing Chapter ... http://personalbankruptcyinfo.org/saving-your-home-during-personal-bankruptcy/ When you file a Chapter 13 bankruptcy, or 'reorganization', you are making a plan to repay all of your debts.  This is unlike Chapter 7 bankruptcy, where you are asking that your debts be forgiven.  In chapter 13, secured debts are paid before unsecured debts.  If you take the full ... http://personalbankruptcyinfo.org/chapter-13-bankruptcy/ When you file Chapter 7 bankruptcy, also called a 'straight bankruptcy' or a 'liquidation', you are asking creditors and the court to forgive all of your debt.  In exchange, you forfeit almost all of your assets to help payoff as much debt as possible. Your assets will be surrendered to the ... http://personalbankruptcyinfo.org/chapter-7-bankruptcy/ Here are a few things to keep in mind when selecting a bankruptcy attorney: Price - This is listed first not because it's the most important, but because it may be the most shocking.  It is not unusual for a bankruptcy lawyer to charge $2,500 and ask for half the money ... http://personalbankruptcyinfo.org/choosing-a-bankruptcy-attorney/ Before you can declare Chapter 7 bankruptcy or Chapter 13 bankruptcy, you must complete credit counseling through an agency that has been approved by the US Trustee's Office.  One reason for this is because you may discover that you do not need to file bankruptcy after you've undergone counseling.  You ... http://personalbankruptcyinfo.org/credit-counseling-requirements-for-personal-bankruptcy/ When filing personal bankruptcy, you will need to supply your bankruptcy attorney with at least: bank statements for all bank accounts pay stubs for all income titles to vehicles documents pertaining to your 401k accounts documents/statements for all pension and IRS accounts documents/statements for all debts (credit card statements, etc.) tax returns for the past 3 years If ... http://personalbankruptcyinfo.org/what-you-need-to-file-personal-bankruptcy/ Personal bankruptcy is a legal way to wipe out your debt.  Before you file for bankruptcy, you should have a good understanding of the process and what to expect. Personal bankruptcy is designed to give you a fresh start by relieving most, but not all, of your debt.  Some debts, such ... http://personalbankruptcyinfo.org/personal-bankruptcy-101/