The Online Bankruptcy Blog

Most bankruptcy petitions are fairly straightforward. The petitioner presents their case to the court, the trustee reviews all the information and, depending on the Chapter filed under, a discharge of unsecured debts ordered. Once a petitioner’s debts have been discharged, the bankruptcy petition is concluded. The petitioner cannot have the case reopened at all. However, [...]

When it comes to financial difficulties for individuals, credit cards are one of the biggest issues. There have been cases where individuals have filed a bankruptcy petition, listing a dozen or more credit cards together with another dozen or more store-based cards – all maxed out.  Some petitioners are surprised when their application for bankruptcy [...]