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:

Filing Bankruptcy in Illinois: What You Need to Know

Home of the world’s first skyscraper, comedy showcase “Second City,” and the world’s largest public library, Chicago is a big city with a lot of attractions. It’s also the largest metropolitan area in Illinois, which also means an above average economic impact as the result of the coronavirus recession. Some experts think the coronavirus pandemic…

Read more
date

Last updated on: 

comments

3 Comments

author

Posted by:

Chapter 7 Bankruptcy in North Carolina: What You Need to Know

Home to super-cool Asheville and the tallest mountain in the Eastern United States, North Carolina can be a fun getaway for visitors. For those who live here, residents have fallen in love with its symphony and the oldest state museum of art, its seafood and many bodies of water, and its history as the largest…

Read more
date

Last updated on: 

comments

No Comments

author

Posted by:

Chapter 7 Bankruptcy in Pennsylvania: What You Need to Know

Last updated Aug. 30, 2017. Home to the first baseball stadium in the U.S., first American flag, and first daily newspaper, Pennsylvania attracts residents and visitors alike to a history rooted in tradition and culture. That includes Philadelphia’s famous cheesesteak sandwiches, the Liberty Bell, and beautiful, old bridges all over the state. Debt is not…

Read more
date

Last updated on: 

comments

No Comments

author

Posted by:

Failure To Keep Adequate Records Can Be Grounds For Denying Bankruptcy Discharge

In Chapter 7 bankruptcy, a debtor is entitled to a Discharge of his or her debt unless one or more of twelve exceptions is met. One such exception is the failure to keep adequate records. In order to ensure that you have entered bankruptcy court in good faith, the court and trustee must be able to verify…

Read more
date

Last updated on: 

comments

2 Comments

author

Posted by:

Chapter 7 Bankruptcy in Nevada: What You Need to Know

Last updated Nov. 7, 2017. If you thought all there was to Nevada was Las Vegas, think again. While many people associate the state with long weekend getaways having fun at casinos and shows, did you know that Nevada is the largest gold-producing state in the U.S.? It also has more mountain ranges than any…

Read more
date

Last updated on: 

comments

No Comments

author

Posted by:

Chapter 7 Bankruptcy in California: What You Need to Know

Last updated July 31, 2017. Ahh, California. The Golden State. Home of beautiful beaches, year-round gorgeous weather, and a ton of innovative companies, from Apple to Disney. It’s the first state to ever become a $1 trillion economy in a gross state product, and in 2015, California surpassed France to become the sixth-largest economy in the…

Read more