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.

• CONSUMER SMARTS YOUR MONEY IS SAFE, DEPENDING ON WHERE YOU KEEP IT..
• SUN COUNTRY FILES FOR BANKRUPTCY..
• PERSONAL BANKRUPTCIES SOAR 83% IN SOUTH FLORIDA..
• CONSUMER REPORTS OFFERS TIPS TO DEAL WITH BANKRUPT RETAILERS..
• AUTO SUPPLIERS FIGHT TO SURVIVE..
• GERMANYS SINNLEFFERS TO CUT 1,000 JOBS..
• BANKRUPTCY FILINGS IN COLO. UP 35 PERCENT THIS YEAR..
• LEVERAGE INC. ANNOUNCES SUCCESS AND VALUE OF BANKRUPTCY INSURANCE POLICY DU..
• RETAILING SUMMIT FACES NEW REALITY..
• CONGRESS SHOULD LISTEN TO THE FOLKS WHO WARNED ABOUT LOOMING CRISIS LONG AG..
• CONSUMER RIGHTS CREDIT CARDS ARE THE ROUTE TO A SOFT LANDING..
• VIRGINIA HAMMERLE RECORDS VITAL FOR DEBT SUITS..
• HOW TO FIX THE U.S. FINANCIAL CRISIS..
• RETAILER WITH BIG STORE AT THE BLOCK FILES FOR BANKRUPTCY..
• UTAH BANKRUPTCIES JUMP 42#X25..
• BUSINESS BRIEFS CONSUMER DELINQUENCIES UP IN SECOND QUARTER..
• CONSUMER BANKRUPTCY FILINGS UP 29% IN SEPT...
• TUMBLING ECONOMY PROVES TOO MUCH FOR ISLE RETAILER..
• SAVVY CONSUMER CLEAN UP YOUR CREDIT WHILE YOU STILL CAN..
• CONSUMER BANKRUPTCY FILINGS UP 29 PCT IN SEPTEMBER..
• AS CONSUMER CREDIT TIGHTENS NATIONWIDE, NEW RULES REQUIRE CREDIT REPORTING ..
• HARDY AMIES, TAILOR TO THE STARS, FACES BANKRUPTCY..
• ERIE PLASTICS ENTERS BANKRUPTCY PROTECTION..
• CONSUMER CONFIDENCE UP IN FLORIDA..
• BILL HEARD ENTERPRISES FILES FOR BANKRUPTCY..
• FLORIDA CONSUMER CONFIDENCE IMPROVES..
• HARD ROCK PARK OWNERS FILE FOR BANKRUPTCY PROTECTION..
• CONSUMER CONFIDENCE IN U.S. PROBABLY FELL, HOME VALUES DROPPED..
• SANTA CLARA UNIVERSITY LAW PROFESSORS TO ADDRESS ORIGINS AND CONSUMER IMPAC..
• MORE GRANNIES GOING TO BANKRUPTCY COURT..
• POLL CONSUMER CONFIDENCE UP IN FLORIDA..
• CONSUMER CONFIDENCE MAKES SLIGHT GAINS..
• CONSUMER CONFIDENCE IN U.S. UNEXPECTEDLY INCREASED..
• MERVYNS FACES UPHILL CLIMB TO GET OUT OF BANKRUPTCY..
• MERVYNS HAS UPHILL CLIMB OUT OF BANKRUPTCY PROTECTION..
• GM DEALER GROUP BILL HEARD FILES FOR BANKRUPTCY..
• BIGGEST CHEVY DEALER IN U.S. FILES FOR BANKRUPTCY..
• BAILOUT INCLUDES NO BANKRUPTCY AID FOR HOMEOWNERS..
• BILL HEARD DEALERSHIPS FILE FOR BANKRUPTCY..
• CREDIT GETS TIGHTER AS CONSUMER FEAR GROWS..
• GROUPS SAY ANY BAILOUT SHOULD HELP HOMEOWNERS..
• BANKRUPTCY FILING DOESNT ALWAYS MEAN A FRESH START..
• CRAM-DOWNS BY BANKRUPTCY JUDGES LAUDED, DECRIED..
• U.S. ECONOMY CONSUMER CONFIDENCE SAGS AS CREDIT CRISIS DEEPENS..
• SECOND-QUARTER GROWTH REVISED DOWN, CRISIS DAUNTS CONSUMERS..
• BANKRUPTCY FILINGS SURGE IN GEORGIA..
• U.S. CONSUMER SENTIMENT INDEX LOWER THAN FORECAST..
• OWNER OF BASSETT FURNITURE FILES FOR BANKRUPTCY..
• MYRTLE BEACHS HARD ROCK PARK FILES FOR BANKRUPTCY..
• FINANCIAL CRISIS IN U.S. PROBABLY SUPPRESSED CONSUMER SENTIMENT..