stopping foreclosure chapter 7 bankruptcy

Stopping Foreclosure With a Chapter 7 Bankruptcy

Written by Charleston Bankruptcy Lawyer, Russell A. DeMott Chapter 7 bankruptcy can slow down foreclosure, but it’s not the best way to stop foreclosure. Chapter 7 bankruptcy is the most common kind of consumer bankruptcy.   It’s called “liquidation bankruptcy.” However, 99% of Chapter 7 bankruptcies are “no asset” cases, meaning no property is sold…

New Bankruptcy Median Income Figures Effective November 1, 2009

  Written by Summerville Bankruptcy Lawyer, Russell A. DeMott If you need to file bankruptcy, you must first determine whether you are above median income for the state in which your live.   Unless your debts are primarily business debts, this  determines whether or not you must complete the means test portion of the bankruptcy…