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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.

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Chapter 7 Bankruptcy in Texas: What You Need to Know

The state of Texas takes pride in doing things differently than the rest of the country. However, when it comes to bankruptcy, Texans will find some similarity in the process regardless of which region they file in. The bankruptcy code is federal law, meaning it applies uniformly nationwide. For this reason, the experiences of debtors…

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Am I Protected by the Arizona Anti-Deficiency Statute?

Last updated Jan. 30, 2018. When most families purchase a home, they don’t envision ending up facing a foreclosure sale, but in states like Arizona where the housing market has been particularly hard hit, foreclosure is an all-too-common event. In cases where a home has plummeted in value, borrowers have two main concerns: I’m afraid…

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Chapter 7 Bankruptcy in Ohio: What You Need to Know

Last updated June 28, 2017. Ohio, The Buckeye State, is home to America’s first professional baseball team (the Cincinnati Reds), the Rock & Roll Hall of Fame, the Pro Football Hall of Fame, and John Glenn, the oldest man to venture into outer space. It’s also ranked among the top 10 states in terms of bankruptcy filings….

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Chapter 7 Bankruptcy in Michigan: What You Need To Know

Last updated July 31, 2017. When you think of Michigan, you probably think about cars, or Detroit. That’s because Detroit is the car capital of the world. It’s home to the first air-conditioned car, manufactured in 1939 by the Packard Motor Company. University of Michigan is also the first university to be established by any…

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Chapter 7 Bankruptcy in Arizona: What You Need to Know

Home to Grand Canyon National Park, Arizona is known for its copper-mining towns, 11 species of rattlesnakes, and designated Native American lands. Arizona’s economy also is finding a second wind in recent years, though some residents may still be struggling with debt. One way to get out of debt is by filing bankruptcy. Most of…

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Get It Back! Fixing a Fraudulent Transfer Before Bankruptcy in the 9th Circuit

Transferring Assets Before Bankruptcy Perfectly honest consumer debtors sometimes make the mistake of transferring an asset to a friend or family member before filing bankruptcy.  This can happen innocently enough, as for example, where a debtor gives an old car of little value to an adult child months before he even considers filing bankruptcy.  Despite…

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