Filing bankruptcy is not something you should be ashamed of or feel guilty about. The American free enterprise system is generously forgiving of people who have had to relieve themselves from crushing debt through bankruptcy. The Founding Fathers of our country considered bankruptcy so important that they specifically included it in the United States Constitution.
In 1787, when the U.S. Constitution was written, our Founding Fathers directed the Congress of the United States to make uniform bankruptcy laws. They knew that if America was to flourish and grow, there would have to be laws that would allow people to, when necessary, cancel their debts and get a fresh start rather than spend their lives as slaves to the money lenders.
In 1787, when the U.S. Constitution was written, our Founding Fathers directed the Congress of the United States to make uniform bankruptcy laws. They knew that if America was to flourish and grow, there would have to be laws that would allow people to, when necessary, cancel their debts and get a fresh start rather than spend their lives as slaves to the money lenders.
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May allow for reinstatement of your driver's license if it was suspended because of an auto accident. Allows you to keep all of your personal belongings and furnishings (up to a legal limit which has doubled since the beginning of the year). The law firms represented by this web site are debt relief agencies that help people file for bankruptcy.
Generally, under a Chapter 7 bankruptcy, you are able to keep all of your possessions, including your house and your vehicles. However, if you plan on keeping your house and vehicles, you are required to continue making the payments on them. You must list all of your bills on a Chapter 7 bankruptcy.
There are no minimum amounts of debt you must have in order to file either a Chapter 7 or a Chapter 13 bankruptcy. Chapter 7 bankruptcies are sometimes filed for as little as $1,000.00 of debt. Although there are no minimum amounts to file Chapter 7 or Chapter 13 bankruptcy, there is a maximum amount for a Chapter 13 bankruptcy.
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