Chapter 7 Bankruptcy and Chapter 13 Bankruptcy, unfortunately, are sometimes the only option that people have when saddled with overwhelming debt. While there are alternatives to bankruptcy, sometimes it is the most practical and realistic way for an individual to escape harassing creditors, confront financial difficulties, and achieve a fresh start. Bankruptcy is a legal proceeding that offers relief for debtors by providing a temporary or permanent stay on some or all of their debts. A Bankruptcy Lawyer can help you handle your debts and return you to the road to financial stability.

Consumer Bankruptcy (also called personal bankruptcy) can take two forms: Chapter 7 and Chapter 13.  Chapter 7 Bankruptcy involves the sale of all non-exempt assets in order to pay off creditors. Chapter 13 Bankruptcy requires the creation of a debt repayment plan which can extend up to five years. The details of Consumer Bankruptcy changed dramatically on October 17, 2005, when The Bankruptcy Abuse Prevention and Consumer Protection Act went into effect. Some of the changes include mandatory credit counseling, stricter eligibility for Chapter 7 filing, and additional burdens for lawyers. Understanding these changes is very important if one is considering filing for bankruptcy. Consult a Bankruptcy Attorney for help understanding the New Bankruptcy Law, and your options for dealing with debt.

• Answers and Information
  Answers to frequently asked questions about Consumer Bankruptcy.
• Types
  An overview of Chapter 7 and Chapter 13 Bankruptcy.
• Home and Property
  An explanation of what happens to home and property during Bankruptcy.
• Understanding the New Bankruptcy Law
  A guide to understanding the New Bankruptcy Law.

• DEMOCRATS INTRODUCE BILL TO LET JUDGES ADJUST BANKRUPTCY TERMS..
• LYONDELLBASELL UNITS FILE FOR BANKRUPTCY PROTECTION..
• LYONDELLBASELL UNITS FILE FOR BANKRUPTCY..
• BANKRUPTCY FILINGS JUMP BY ONE-THIRD IN 2008..
• BIZ BITS..
• LYONDELLBASELL BANKRUPTCY SPECULATION PUSHES UP DEFAULT SWAPS..
• LAWMAKERS SET NEW MORTGAGE BANKRUPTCY BILL..
• CONSUMER BANKRUPTCIES JUMP IN 2008..
• FIRMS GET READY FOR WAVE OF BANKRUPTCY FILINGS..
• CONSUMER BANKRUPTCIES SURGE 33% IN 2008..
• U.S. CONSUMER BANKRUPTCIES SURGE..
• PERSONAL BANKRUPTCY UP 33 PERCENT IN 08..
• BUSINESS BRIEFS CONSUMER BANKRUPTCY FILINGS ROSE 33% IN 2008..
• HAMMERED, THEN NAILED, BY DEBT..
• LIQUIDATION SALES GOOD SOURCES OF BARGAINS?..
• BUYER BEWARE AT LIQUIDATION SALES..
• WHEN BANKRUPTCY MAKES SENSE..
• CONSUMER ADVOCATES SEE BRIGHT FUTURE IN 2009..
• PERSONAL AND BUSINESS BANKRUPTCIES INCREASE IN SOUTH FLORIDA..
• SURVIVING A WORKPLACE BANKRUPTCY..
• MCDONALDS LOW PRICES SEND ITS STOCK UP 5%..
• RESTAURANTS HIT HARD IN 2008..
• GREETING-CARD FIRM SEEKS BANKRUPTCY PROTECTION..
• LYONDELLBASELL CONSIDERS BANKRUPTCY OPTION..
• RECYCLED PAPER GREETINGS SEEKS BANKRUPTCY PROTECTION..
• DECEMBER CONSUMER CONFIDENCE DROPS TO ALL-TIME LOW..
• LYONDELLBASELL CONSIDERING BANKRUPTCY FILING..
• RESTAURANTS HIT BY SALES DROP, HIGH COSTS IN 2008..
• UK RETAILER ADAMS GOES INTO A FORM OF BANKRUPTCY..
• CHRISTIAN BERNARD STORES FILES CHAPT. 7 BANKRUPTCY..
• SUNWEST AFFILIATES FILE BANKRUPTCY..
• DINERS CUT BACK RESTAURANTS FEELING EFFECTS OF DROP IN CONSUMER CONFIDENCE...
• BANKRUPTCY AN OPTION FOR CHEM GIANT LYONDELLBASELL..
• CONGRESS TO EXAMINE MADOFF CASE NEXT WEEK..
• THE PARENT CO. SEEKS BANKRUPTCY PROTECTION..
• UPDATE 1-DESA HEATING PARENT FILES FOR BANKRUPTCY..
• FALLOUT BEGINS FOR RETAILERS AFTER DISMAL HOLIDAY SEASON..
• PARENT CO. FILES FOR BANKRUPTCY PROTECTION..
• PARENT OF ETOYS FILES FOR BANKRUPTCY..
• BANKRUPTCY SIGNALS START OF HOLIDAY AFTERMATH FOR RETAILERS..
• RETAIL FALLOUT FROM THE HOLIDAY SLUMP BEGINS IN BANKRUPTCY COURT..
• DEC. CONSUMER CONFIDENCE HITS ALL-TIME LOW..
• PARENT CO. FILES FOR BANKRUPTCY..
• PARENT CO. ENTERS BANKRUPTCY, PLANS ASSET SALE AS SALES SLUMP..
• KB TOYS STORES LIQUIDATING..
• WAL-MART SET TO START SELLING APPLE IPHONES..
• AFTER HIGH-PROFILE START, S.C. LIMPS TO END OF 2008..
• ELECTRONICS SHOW TURNS DOWN VOLUME ON GLITZ..
• HOME PRICES EXPECTED TO FALL FURTHER IN 2009..
• RETAIL SALES DISMAL IN UNITED STATES AND BRITAIN..