Bankruptcy Basics

Bankruptcy law is complex, it can be overwhelming for the consumer researching the subject to read technical, legal jargon, which is why we created the bankruptcy basics section of the site. At National Bankruptcy Forum, or goal is to provide readers with useful information about bankruptcy and debt that can be easily understood. In this section of the site, we have published over 100 articles that focus on the basics of bankruptcy, such as exemptions, property issues, filing deadlines and costs.

Colorado Bankruptcy Exemptions Chapter 7

Chapter 7 Bankruptcy in Colorado: What You Need to Know

Last updated May 18, 2017. Colorado is a gorgeous state. If you’re the outdoorsy type, you’ll feel right at home here among the Rocky Mountains, the desert, and river canyons. If you love a robust downtown, you’ve got Denver, which has consistently ranked as one of the top places to live in America. However, while Colorado […]

Alaska Bankruptcy Exemptions

Chapter 7 Bankruptcy in Alaska: What You Need to Know

Last updated May 18, 2017. While the United States has mostly come out of the Great Recession, Alaska is still experiencing its own due to a steep drop in oil prices and resulting budget crisis in 2015. According to a recent economic confidence survey, Anchorage residents are feeling more pessimistic about the local economy today than they […]

Livestock Bankruptcy Chapter 12 Farmers

Can I Keep Livestock and File Bankruptcy?

People who are considering bankruptcy often wonder whether they will be able to keep their property, and farmers are no exception. People who keep livestock and grow crops for a living are often worried that by filing for bankruptcy, they will end up putting themselves in a position where they will be forced to part […]

New York City Bankruptcy State Exemptions Chapter 7

Chapter 7 Bankruptcy in New York: What You Need to Know

Last updated March 29, 2017. If you are considering filing for protection under the federal bankruptcy laws, the first thing that should be done is to engage the services of a knowledgeable attorney. This post is a description of things you might want to know about bankruptcy in New York City, as well as the […]

How bankruptcy and debt solutions impact your credit score

When you’re in debt and trying to decide what action to take, you may be concerned about how to protect your credit score. That’s often one of the last barriers to deciding to file for bankruptcy – so how much does bankruptcy affect your score? The answer may surprise you. Bankruptcy certainly does have an […]

Can I pay back family before bankruptcy?

In times of difficulty, we naturally turn to family and friends for help. The same holds when those difficulties are financial. Family and friends know you and understand your troubles; they’ll be willing to lend you a hand even when banks won’t. They trust you regardless of your credit score. If you borrow from people […]

Gift or loan, and why does it matter for bankruptcy?

When you’re struggling with debt, it’s natural to turn to friends and family for help. They know you and they trust you, making it simpler and easier to seek financial aid from them than from a bank. If your financial difficulties continue and you decide to file for bankruptcy protection, what happens to the friends […]

IRS Sanctioned for Willful Violation of Discharge Order

The Bankruptcy Discharge Applies Even To The Federal Government Creditors who attempt to collect on debts that have been discharged in bankruptcy often find themselves in serious hot water with the Bankruptcy Court.  Bankruptcy judges take the discharge order very seriously and will dish out punishment to those who ignore its prohibitions against continued collection […]