Posted by Walter Benenati | Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy
The Bankruptcy Abuse Prevention and Consumer Protection Act In 2005, Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA), which heralded a major reform to the bankruptcy system in the United States. As the name implies, the BAPCPA had two main objectives: To prevent people in debt—individual consumers—from abusing Chapter 7 as a …
Posted by Walter Benenati | Bankruptcy, Chapter 13 Bankruptcy, Chapter 13 Repayment Plan, Chapter 7 Bankruptcy
Many homeowners in debt, from those who have fallen behind on mortgage payments to those who can no longer rely on equity in their house as a buffer against other forms of debt, wonder if they will still have a roof over their head after bankruptcy. The answer to this important question is quite complicated …
Continue reading "Will You Lose Your House If You File Bankruptcy?"
