More New Bankruptcy Dollar Amounts Effective Soon
Here are the rest of the important changes affecting Chapter 7 and Chapter 13 bankruptcy cases filed on or after April 1, 2016.
Crucial Question: What is Chapter 7 Bankruptcy?
Chapter 7, sometimes called "straight bankruptcy," is the simplest type of bankruptcy, yet it can also handle not-so-simple debt problems.
Dumping Your Chapter 7 Case Midstream, or Switching to a Chapter 13 One
You can usually change from an ongoing straight Chapter 7 case into a Chapter 13 payment plan. But getting out of bankruptcy altogether is generally not allowed.