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.

• POSTED BY MATT BIGELOW 935 AM DEC. 1, 2008..
• AUTO SALES LIKELY FELL ON ECONOMY, BANKRUPTCY CONCERN..
• BANKRUPTCY STALKING CORPORATE AUSTRALIA..
• TREASURY PLANS $20 BILLION TO BACK CONSUMER LOANS..
• BIG 3 BANKRUPTCY TALK WORRIES CONSUMERS..
• HAWTEL FILES BANKRUPTCY..
• BANKRUPTCY LAWYER LEAVES GOLDMAN FOR LAW FIRM..
• SHOPPERS LOOK FOR DEALS AT TROUBLED STORES..
• CONSUMER AWARENESS GIFT CARD GUIDELINES..
• SHOPPERS CAUTIOUS WITH GADGET BUYS ON BLACK FRIDAY..
• TINSEL AND TECH THE CONSUMER-ELECTRONICS GIFT GUIDE..
• BE WARNED RETAILERS BANKRUPTCY COULD AFFECT YOU..
• DECREASE IN CONSUMER SPENDING COULD SPELL DOOM FOR RETAILERS..
• CONSUMER CONFIDENCE ROSE THIS MONTH, THOUGH VIEWS ON ECOMOMY GLOOMIEST IN D..
• CONSUMER CONFIDENCE RISES IN NOV...
• SMT RESOURCE GROUP FILES FOR BANKRUPTCY..
• CONSUMER CONFIDENCE DECLINES..
• BANK OF MONTREAL PROFIT RISES ON CONSUMER BANKING..
• CONSUMER CONFIDENCE RISES IN NOVEMBER..
• GENERAL MOTORS SHOULD PURSUE PREPACKAGED BANKRUPTCY, SAYS LAWYER..
• ANALYSTS DIFFER ON HOLIDAY CONSUMER ELECTRONICS SPENDING..
• UPDATE 2-CHINA-MAKER LENOX FILES FOR BANKRUPTCY PROTECTION..
• COLLECTIBLES MAKER LENOX FILES FOR BANKRUPTCY..
• CONSUMER CONFIDENCE RISE IN NOVEMBER..
• 6 QUESTIONS FOR THOSE CONSIDERING BANKRUPTCY..
• GM INSISTS BANKRUPTCY WOULD SPELL DISASTER AND SCARE AWAY CUSTOMERS; WOULD ..
• WASHINGTON BANKRUPTCY FILINGS RISE 40%..
• STEELS REVIVAL IN THE UNITED STATES OFFERS LESSONS FOR DETROIT..
• REVIVAL OF U.S. STEEL INDUSTRY OFFERS LESSONS FOR AUTOMAKERS..
• USE CAUTION IF CHOOSING GIFT CARDS..
• THE INS AND OUTS OF FILING FOR PERSONAL BANKRUPTCY..
• THINK HARD, ASK YOURSELF IF BANKRUPTCY IS ANSWER..
• ARTES MEDICAL MULLS BANKRUPTCY..
• BANKRUPTCY NOT AN OPTION...IS IT?..
• FALLING CONSUMER PRICES RAISE DEFLATION FEARS..
• GM BANKRUPTCY LOOMS..
• BANKRUPTCY STIGMA LOOMS LARGE IN DETROIT..
• FEDERAL BANKRUPTCY JUDGE OKS BOSCOVS SALE..
• THE CRISIS..
• GENERAL GROWTH HIRES BANKRUPTCY ADVISOR SIDLEY AUSTIN..
• CO-OWNER OF TWDC FACING BANKRUPTCY..
• SOURCE STEVE & BARRYS EXPECTED TO ANNOUNCE BANKRUPTCY..
• STOCKS FLUCTUATE AFTER REPORT ON CONSUMER PRICES..
• US STOCKS DIP AFTER REPORT ON CONSUMER PRICES..
• CREDIT CRISIS CUTS OFF BANKRUPTCY AS LIFELINE FOR STRUGGLING COMPANIES..
• ADVANTAGE OF CORPORATE BANKRUPTCY IS DWINDLING IN U.S...
• SHOULD YOU FILE FOR BANKRUPTCY? FILINGS ARE UP NEVADA..
• ADVANTAGE OF CORPORATE BANKRUPTCY IS DWINDLING..
• ARGUMENTS RUN HOT AND COLD FOR FEDERAL LOANS TO AUTOMAKERS..
• DAVID MYERS BANKRUPTCY WONT ERASE ALL DUES..