Tutorials

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Special Lien Elimination Situations April 13, 2006 In a bankruptcy proceeding, it is possible to eliminate a non-purchase-money, non-possessory security interest lien ...

Chapter 7 Filings April 13, 2006 Traditionally, Chapter 7 has been the most common type of bankruptcy proceeding. It is available to individuals and business entities.

Exclusion of Income Received After Chapter 7 Filing April 13, 2006 Wages and other sources of income, including self-employment income, earned and received after the Chapter 7 bankruptcy action begins are excluded from the ...

Preferential Transfers in Chapter 7 April 13, 2006 "Preferential transfers" will be brought back into a Chapter 7 bankruptcy action and included in the assets available for liquidation. These include ...

Nondischargeable Debts in Chapter 7 April 13, 2006 Certain debts will not be discharged in a Chapter 7 bankruptcy. These include:

Discharging Personal Liability in Chapter 7 April 13, 2006 In a Chapter 7 filing, the debtor's personal liability for dischargeable debts is erased (not all debts are ...

Chapter 13 Filings April 13, 2006 Among the types of bankruptcy filings, in a Chapter 13 proceeding, an individual debtor with regular wages or income agrees to pay back a portion of his or ...

Chapter 11 Filings April 13, 2006 Among the types of bankruptcy filings, in a sense, Chapter 11 is to business entities what Chapter 13 is to ...

After-Effects of Bankruptcy April 13, 2006 When concluded, a bankruptcy filing remains on the debtor's credit report for 10 years. However, even the damage to the debtor's credit rating may be ...