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How long does Bankruptcy after filing for it?

After filing for bankruptcy, how long does it take to go through. Like is it weeks or months for the claim to go through?

July 1, 2011   1 Comment

How will bankruptcy filed after divorce affect the division of 401k?

My husband is planning on filing for bankruptcy after divorce. How will this affect the outcome of division of 401k. Also does anyone know how to find hidden assests without money. He has hidden bank accounts and stocks and I have no idea how to find them. I’m in Texas

May 6, 2011   1 Comment

How do I go about filing for bankruptcy, are there fees, and what are the pros and cons?

I am on limited income (Social Security Disability) and am in debt due to the actions of a former "friend" of mine. I am considering filing for bankruptcy to get the creditors off my back, and to start over fresh after a certain period of time has gone by (not sure how long that is; I’ve heard 7 years.) I am a responsible person when it comes to paying my bills on time, and the only reason why I’m in debt right now, is because I had trust in the wrong person.
Can you please tell me what process is involved in filing for bankruptcy, if there are any costs (are people who are on limited income, exempt from any fees), and what some pros and cons there are in filing for bankruptcy. Please be as specific as you can. Thank you.

December 17, 2010   2 Comments

What are the consequences of filing for bankruptcy?

I recently found out that when I was about 5, my parents had to file for bankruptcy. My parents are now divorced. Since I am only 15, I don’t fully understand the concept of bankruptcy. What are the consequences of filing for bankruptcy? What are the benefits? And, What are the benefits of not filing for bankruptcy?

October 19, 2010   3 Comments

What effects does bankruptcy have on someone for the rest of their life?

Someone I know is filing for bankruptcy. I was wondering if there were any effects that bankruptcy would have on her as far as credit. Does bankruptcy go on any kind of personal record? I’m just wondering if she’ll always have to worry that filing bankruptcy will effect her credit permanently or any other issues throughout her life?

December 18, 2009   3 Comments