Can you Sell Anything you Own before Filing Bankruptcy?

Answer If you are contemplating filing for bankruptcy, your motives for selling your property will be a factor in whether your bankruptcy is approved.FunctionThe purpose of a bankruptcy is to protect the ... Read More »

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Can I Sell My House After Filing Bankruptcy?

It is possible to sell a house after filing for bankruptcy -- but don't expect to keep all of the profits for your personal use. The federal bankruptcy court will closely control all of your debts ... Read More »

Can Filing Bankruptcy Prevent a Creditor From Filing a Mechanic's Lien?

A significant benefit of a bankruptcy filing is the automatic stay. The automatic stay is a court injunction that automatically prevents the filing of any liens and lawsuits once the bankruptcy cas... Read More »

What is filing for bankruptcy?

Filing for bankruptcy involves initiating a legal process that helps you eliminate or reduce your debt when you are no longer able to pay it. It is viewed as a last resort because it entails severa... Read More »

Can you lose your 401(k) by filing bankruptcy?

In most cases, filing for bankruptcy does not result in losing contributions or earnings that are held in a 401(k) plan. This type of asset is protected by the Employee Retirement Income Security A... Read More »