This Article introduces the concept of Bankruptcy, its meaning, and the different types. It considers the historical development from biblical times and notes the various ways in which bankrupt individuals were treated. It looks at the early bankers. Website has many more.

If you have a home loan and you want to evade foreclosure but you find you are in a situation where you cannot pay for the high mortgage payments you might qualify for a loan modification. This is one of many solutions you might consider talking to your lender about. A loan modification is offered by banks when home owner's have a difficult time paying their mortgage payments.

Recent Statistics show that personal bankruptcy filings are increasing day by day. Since debt is a common problem in the U.S., filing bankruptcy is also inevitable. This article focuses on the process & construction of Chapter 7 Bankruptcy. Filing of bankruptcy is a serious financial decision & needs to be taken with a lot of caution. To put the best foot forward is to know every nook & corner of the chapters. So that it becomes easier for the debtor to know which way to go.

Chapter 13 bankruptcy, we can say restructuring bankruptcy, is quite different from Chapter 7 bankruptcy, you use your income to pay some or all of what you owe to your creditors over time. Chapter 13 bankruptcy isn't for everyone. Your Chapter 13 plan must pay certain debts in full. Once you complete your repayment plan, all remaining debts that are eligible for discharge will be wiped out.

Get your chapter 13 case under way, start with a Free Bankruptcy Evaluation and get connected to a bankruptcy attorney in your local area. Never pay for a bankruptcy consultation, if your attorney insists on a consultation fee find another one. Learn more about the Chapter 13 Bankruptcy process, our bankruptcy information is always free.