What happens when you claim bankruptcy?

Answer When you claim bankruptcy, a number of things will happen to move your case forward. It's important to stay on top of every step required to successfully file bankruptcy, or risk having your case f... Read More »

Top Q&A For: What happens when you claim bankruptcy

How to Claim Bankruptcy & Keep Your Car?

An excessive amount of debt can cause financial stress and eventually lead to bankruptcy. When someone files a petition for Chapter 7 Bankruptcy, one of the questions they frequently ask is, "Can I... Read More »

How soon can you claim bankruptcy after another one?

Under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, a person may file Chapter 7 again after eight years. Chapter 13 can be filed again after four years; however, a person can... Read More »

Can you claim bankruptcy twice?

You can claim bankruptcy twice, but some restrictions apply. You must wait eight years after filing Chapter 7 bankruptcy to file again. However, you can file a Chapter 13 bankruptcy two to four yea... Read More »

Can you claim bankruptcy on taxes?

Even if you claim bankruptcy, you will still owe on most taxes, according to Nolo. You will have better luck discharging tax debt under a Chapter 7 bankruptcy versus a Chapter 13. You can discharge... Read More »