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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117 Refiling Bankruptcy after previously receiving Discharge.

Property TaxesEverybody who owns a home is responsible for paying property taxes. Property taxing authorities have an automatic lien on your house and must get paid. When a Debtor filed for bankruptcy, if they owe property taxes they will have to be paid through the bankruptcy. Many people have the property taxes escrowed […]

Chapter 7A chapter 7 is the easy way to discharge all unsecured debts. Examples of unsecured debts are credit cards, medical bills, broken apartment leases, cars that have been reposed, houses that have been foreclosed on, old bank accounts that were closed by the bank because of over draft charges, some bad business dealings, some […]


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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