Tag Archives: exempt assets

Chapter 7 bankruptcy how to avoid filing a second time?

Recently on our legal forum a user asked, “I filed bankruptcy several years ago and had several of my large debts discharged. Due to an unfortunate event and a series of bad decisions, I have managed to generate another $35,000 in unsecured credit card debt and a personal loan of $20,000. I really don’t want to file Chapter 7 bankruptcy a second time. What are my options?”

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Unemployment how does this affect my bankruptcy filing?

Recently on our bankruptcy forum a user asked, “I have decided to file for bankruptcy. I have been unemployed for more than six months. In fact, my unemployment is the primary reason I need to file. I am wondering, however, whether being unemployed makes it easier or more difficult to file bankruptcy. What do I need to know before I file?”

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