Although an individual can file for a Chapter 7 bankruptcy or a Chapter 13 bankruptcy, both types involve the same four steps, according to Money Crashers. These steps include providing a financial inventory, receiving c... More »

Assets that can be kept after filing for bankruptcy depend on whether Chapter 7 or Chapter 13 bankruptcy is filed, according to Privacy Matters. In Chapter 7 bankruptcy, also known as liquidation or straight bankruptcy, ... More »

www.reference.com Business & Finance Financial Planning

Life after bankruptcy includes a new financial beginning and some challenges. Bankruptcy stays on a credit report for 10 years, which limits credit options, according to Bankrate. Lenders sometimes view individuals who f... More »

www.reference.com Government & Politics Law Debt Law

Important laws of bankruptcy include the ability for an individual to file for a Chapter 7 or Chapter 13 bankruptcy, Money Crashers explains. Both types of bankruptcy involve providing a financial inventory, attending a ... More »

www.reference.com Government & Politics Law Debt Law

The court usually grants a discharge in a Chapter 7 bankruptcy four to six months after the petitioner first files the case with the clerk, states Nolo. The time varies according to individual case circumstances and by l... More »

www.reference.com Government & Politics Law Debt Law

Bankruptcy law does not establish a minimum time frame before an individual can file for bankruptcy again, according to NOLO. However, filing too soon after a discharge was received means the individual cannot receive an... More »

www.reference.com Government & Politics Law Debt Law

Filing for Chapter 13 bankruptcy allows property owners to keep their homes, unlike filing for Chapter 7 bankruptcy where the owner forfeits all non-exempt assets, notes HowStuffWorks. However, some states exempt houses ... More »

www.reference.com Government & Politics Law Debt Law