A Chapter 7 or liquidation bankruptcy involves selling off most ... upside-down on debt and produced negative cash flow,” Smith explained. They lost her money every year, rather than generating ...

If you have significant equity in certain assets, Chapter 7 could cost you more than you bargained for. If someone co-signed a loan for you, like a car note or personal loan, your bankruptcy ...

Early in my career, I had the opportunity to participate in a national Chapter 12 bankruptcy conference held annually in ...

Take our financial relief quiz. There is no minimum debt requirement to qualify for Chapter 7 bankruptcy, according to U.S. bankruptcy law. In most cases, it doesn’t make sense to file for ...

the trustee wants to dismiss or covert the bankruptcy into a Chapter 7 bankruptcy. As explained below by Ascend, a financial advisory firm, a Chapter 7 bankruptcy will be a liquidation bankruptcy ...

The author and editors take ultimate responsibility for the content. Personal bankruptcy -- including Chapter 7 and Chapter 13 bankruptcy -- is a last resort for consumers in financial distress ...