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Tag Archives: types of bankruptcy

Baby Boomers & Bankruptcy…

Read this…
Some people are unable to retire at all, or have to take on second jobs to make ends meet. For others, the only solution is to file for bankruptcy.

The full article is here…Click this link:
http://www.denverpost.com/business/ci_11750630

Bankruptcies in Texas

Close to a 100% increase year over year in Brownsville:
At the McAllen office of the U.S. Bankruptcy Court of the Southern District of Texas, 670 business and individuals filed for bankruptcy – a nearly 99 percent increase from 2007.
http://www.brownsvilleherald.com/news/filings_93548___article.html/area_mcallen.html

Bankruptcy and Debt Carnival #17- Online Now.

Welcome To The 17th Bankruptcy & Debt Carnival!

Dec. 29th, 2008- Happy Holidays!

*Blogs presented according to subject*
Bankruptcy
Mr Credit Card presents How To Get A Home Loan After Bankruptcy posted at Ask Mr Credit Card.
Credit Cards
Silicon Valley Blogger presents Applying For A Credit Card? Review The Credit Card Bill of Rights posted at The Digerati Life, saying, [...]

Types of Bankruptcy

Generally speaking, there are 3 main types of bankruptcy:
Chapter 11: Corporate Reorganization.
Chapter 13: Consumer Reorganization
Chapter 7: Liquidation- both Corporate & Consumer.
Therefore, for most people looking to file for bankruptcy, they file for Chapter 7 in order to discharge some of their unsecured debts.
Look on the left hand collumn for our extensive posts on Chapter 7 [...]