Bankruptcy News - Personal bankruptcy information provides an overview to bankrutpcy law.
News, statistics, directories of professionals, and information on filing for bankruptcy.

Bankruptcy News - Personal bankruptcy information provides an overview to bankrutpcy law.

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DivorceDivorce seemed to be one of the main reason to think about filing a bankruptcy last week. For some it was because their home is up for foreclosure because of having to places to live or to busy paying their attorneys. So now the decision has to be made to save the house or […]

Termination of Automatic Stay in Chapter 13 BankruptcyTermination of Automatic Stay in Chapter 13 bankruptcy case can happen voluntarily and involuntarily. If a debtor chooses to surrender property the an unopposed motion for releif from automatic stay can be entered with the court to allow the creditor to repossess or foreclose on the collateral.If a debtor had fallen behind with secured […]


Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their creditors. A declared state of bankruptcy can be requested by creditors in an effort to recoup a portion of what they are owed; however, in the overwhelming majority of cases, the bankruptcy is initiated by the bankrupt individual or organization.

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