Comments on: Filing for Bankruptcy – A Quick RunDown on Chapter 7 and Chapter 13 Bankruptcies

By: Maya

Maya — Tue, 27 Jul 2010 21:12:21 +0000

Very informative post. Very helpful, and well written. Its a shame bankruptcy is being turned to more often, because of the current economical state. Nice work.

By: Jason S. Garcia

Jason S. Garcia — Thu, 15 Apr 2010 00:29:42 +0000

Been reading for a few days now. This was very helpful and insightful information. BTW, I love your site design as well. I enjoyed reading it and hopefully you will write more soon. Do you have a newsletter? How do I subscribe to the blog itself?

By: Barbara

Barbara — Thu, 01 Apr 2010 09:41:50 +0000

These are some very interesting facts and pieces of advice. It looks like you know your way around finance and consulting. Congratulations!

By: anorexia help

anorexia help — Mon, 29 Mar 2010 20:23:59 +0000

Great post; thanks for sharing

By: Tennessee Business Brokers

Tennessee Business Brokers — Tue, 16 Mar 2010 18:24:46 +0000

Great advice; thanks for posting this

By: GettingOutOfDebt

GettingOutOfDebt — Sun, 28 Feb 2010 12:42:14 +0000

Nice info to teach us what is the difference between chapter 7 and chapter 13 bankruptcy. Thanks!

By: GettingOutOfDebt

GettingOutOfDebt — Sat, 20 Feb 2010 06:12:14 +0000

Great information about bankrupcy. I think this is the last resolution after no way to consolidate the bad debt. Very good information sharing!

By: Michael

Michael — Wed, 13 Jan 2010 20:08:07 +0000

I think part of your article is a bit confusing, the court won’t put restrictions on what you actually spend your money on, they will just only accept so much expenses in each category on the means test as an appropriate amount you SHOULD be spending based on averages of others living in your area with the same family size and income. You can spend more than that, but the court may not accept it as a reasonable expense and can therefore view that as disposable income and force you into a chapter 13 if they believe you can afford to pay part or all of your debts. Unfortunately the only way to help someone change their spending habits is by letting them learn it themselves, the government isn’t going to put you on a budget. Otherwise, great primer article!

By: Tax Lawyer

Tax Lawyer — Tue, 24 Nov 2009 01:53:56 +0000

Make sure that bankruptcy is your best option. I see people planning on filing for bankruptcy when they only have $10k or $20k in debt. Generally, that is too low of an amount.

By: Sam

Sam — Sun, 15 Nov 2009 04:13:32 +0000

Very sad to hear that most banruptcies are caused by medical bills. I live in Canada, so the idea that you can go bankrupt because you are very ill is unimaginable.