Bankruptcy Laws by State | National Bankruptcy Forum
phone-contact
877-280-4299
Free Debt Evaluation 24/7

Consumer Laws by State

No matter what state you live in, bankruptcy is governed by chapters of the U.S. Bankruptcy Code. You can file for Chapter 7 bankruptcy protection and see debt relief in as little as a few months, or enter a Chapter 13 repayment plan that lets you pay back your creditors at a lower rate over a period of three to five years. However, depending on what state you file bankruptcy in and where you’ve lived for the past few years, you may experience bankruptcy differently than the person living the next state over. One of the main differences is related to bankruptcy exemptions, which vary by state. Exemptions allow you to keep your property, like your house, car, and more, with some states having more generous exemptions than others. Other states require you to use their exemptions only, with no choice of using federal exemptions, when filing for bankruptcy. National Bankruptcy Forum has compiled information on consumer laws by state so readers can get a basic overview of how bankruptcy works from California to Florida.

date

Last updated on: 

comments

No Comments

author

Posted by:

Chapter 7 Bankruptcy in Georgia: What You Need to Know

Georgia, the largest state east of the Mississippi river, is famous as the nation’s foremost producer of peaches, pecans and peanuts. It was one of our original colonies, and back in 1776 its population was 40,000 —compared to today’s population of 10,310,371, making it the eighth-most populous state in the nation. The Atlanta metropolitan area is the ninth-largest…

Read more
date

Last updated on: 

comments

No Comments

author

Posted by: Joshua McCloud

Chapter 7 Bankruptcy in Delaware: What You Need to Know

Delaware calls itself the First State because it ratified the U.S. Constitution before any other state, in early December 1787. In the last century, it has also become first in the minds of many entrepreneurs when deciding where to incorporate their businesses. Today, Delaware is home to more corporations, limited liability companies, and business partnerships…

Read more
date

Last updated on: 

comments

No Comments

author

Posted by:

Chapter 7 Bankruptcy in Connecticut: What You Need to Know

Connecticut is one of the original states that was pivotal to the American Revolution and forming of our federal government. Although it’s technically the southernmost state in New England, several of its cities are considered part of the bustling New York-New Jersey metropolitan area. Generally a well-to-do state, Connecticut had the highest per-capita personal income…

Read more
date

Last updated on: 

comments

No Comments

author

Posted by: Joshua McCloud

Chapter 7 Bankruptcy in Arkansas: What You Need to Know

Arkansas is nicknamed the Natural State, and a drive through it makes it easy to see why. The state is home to the southern edge of the Ozark Mountains, the thermal waters of Hot Springs, the aptly named Arkansas River, 52 state parks, and seven national park sites. Arkansas also is home to nearly 3…

Read more
date

Last updated on: 

comments

3 Comments

author

Posted by: Moderator

Bankruptcy Won’t Send Marijuana Debts Up in Smoke

Last updated May 24, 2017. In one form or another, marijuana is now legal in more states than ever before, which has led to boom times for growers and dispensaries. But what happens when some of those pot dreams go bust? Unfortunately, if you grow weed in the United States and run into financial issues…

Read more
date

Last updated on: 

comments

No Comments

author

Posted by:

Chapter 7 Bankruptcy in Alabama: What You Need to Know

Last updated Nov. 7, 2017. Aside from football, Alabama might best be known for its rich agricultural history, the birth of Booker T. Washington’s “Atlanta compromise” in the civil rights movement, and being a big employer for colleges and the military. The Heart of Dixie grew its economy after World War II to diversify its interests…

Read more