About the Consumer Bankruptcy Reform Act of 2020 – Part Two

In December 2020, United States Senator Elizabeth Warren (D-Mass.) and House Judiciary Committee Chairman Jerrold Nadler (D-N.Y.) introduced the Consumer Bankruptcy Reform Act of 2020 (CBRA). The CBRA evaluates consumers’ abilities…

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About the Consumer Bankruptcy Reform Act of 2020 – Part One

The effects of the COVID-19 pandemic linger on and many individuals continue to experience financial problems. For many of these people, bankruptcy may be their only realistic option to find…

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How Does A Proof of Claim Affect My Bankruptcy Case?

Bankruptcy allows creditors to assert claims against a debtor while allowing the debtor an opportunity to reorganize. A proof of claim filed correctly is hardly considered a noteworthy event. Often,…

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The Immediate Actions Triggered By Filing a Chapter 7 Bankruptcy Case

Filing a Chapter 7 bankruptcy case is not an insignificant event. Most bankruptcy cases are filed or initiated online. At the moment that the filing is issued a case number,…

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Some Interesting Differences between Chapter 7 & Chapter 13

Chapter 7 and Chapter 13 bankruptcy are the two most commonly filed types of bankruptcy. If you don’t know the difference between Chapter 7 bankruptcy and Chapter 13 bankruptcy, do not…

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When Chapter 13 May Be A Better Option

If you are experiencing financial difficulties and looking for a fresh start, look no further than filing a Chapter 7 bankruptcy case. Most people who file for bankruptcy choose to…

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