1.Click anywhere in the box below & press Control A to select all.Many people in 2008 have considered filing Chapter 7 bankruptcy.
And, more than 1 Million consumers are forecasted to actually file this year.
However, many debtors may now find themselves illegible to file Chapter 7 b/c of the new bankruptcy laws that were passed in 2005- BAPCPA. The effect being that many high income debtors cannot qualify for Chapter 7 & now must file for Chapter 13 instead.
So, why are people filing Chapter 7?
Most likely because of 3 reasons:
1)Medical Bills (Allegedly the biggest reason)
2)Foreclosure
3)Job Losses
More coming up soon on filing Chapter 7 bankruptcy.
Filing Chapter 7...
The 3 Main Reasons For Filing Bankruptcy...
Pre Filing Chapter 7 Bankruptcy Mistakes…...
File Chapter 7 Bankruptcy...
Filing For Chapter 13 vs. Chapter 7 Bankruptcy Protection...
New Bankruptcy Law...
High Income Debtors and Chapter 7 Bankruptcy...
Yahoo Answers And Chapter 7 Bankruptcy!...
Rebuilding Credit Cards After Filing For Bankruptcy...
Filing Chapter 7 Vs. Chapter 13 Bankruptcy....
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