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 »

Generally, an individual may choose to file for Chapter 7 personal bankruptcy relief when his expenses and bills outstrip his income. However, a person who wants to file personal bankruptcy must meet eligibility requirem... More » Government & Politics Law

Start a chapter 7 bankruptcy by filing a comprehensive set of completed official forms, known as schedules A through J, and a statement of financial affairs. As shown by Cornell's Legal Information Institute, it's necess... More » Government & Politics 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 » 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 » 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 » 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 » Government & Politics Law Debt Law