1.If I file chapter 7 I will lose all of my property.
Skip this True False
2.Everyone will know you have filed for bankruptcy.
3.Filing chapter 7 can improve bad credit.
4.Filing bankruptcy will ruin my credit for ten years.
5.The chapter 7 Federal Bankruptcy Act is a new Federally approved program that will eliminate 100% of any debts for good.
6. Filing for bankruptcy means you're a bad person.
7. Filing bankruptcy leads to divorce.
8. You can't get rid of back taxes through bankruptcy.
9. My bankruptcy is likely to be reported in the newspapers.
10. Chapter 7 eligibility is limited to people who are under the median income based on US Census Bureau standards for location and household size.
11. If I am over the median I may still be able to file chapter 7 under the "special circumstances" doctrine.
12. If you're married both you and your spouse have to file for bankruptcy.
13. Only Deadbeats file for bankruptcy.
14. It's really hard to file for bankruptcy.
15. If you file for bankruptcy you'll never be able to own anything again..
16. After a bankruptcy discharge, the automatic stay becomes a permanent injunction.
17. Anyone seeking to file bankruptcy is first required to obtain a pre-bankruptcy briefing from a credit counseling agency approved by the US attorneys office.
18. You can file chapter 7 bankruptcy and still keep your house and your car.
19. Chapter 7 bankruptcy is designed to give the honest and needy debtor a "fresh start".
20. I should tell my bankruptcy attorney only as much as he needs to know about my financial situation.
Your Bankruptcy IQ is zero
7+11 =
Bankruptcy News
Developer Verna files Chapter 7May 27, 2009 Hayes Lemmerz International Files Chapter 11May 12, 2009 Chrysler, Nations third largest automaker files for bankruptcyApril 30, 2009 Lawyers challenge the limits of the 2005 Bankruptcy Reform ActApril 27, 2009 A financial 'Perfect Storm' puts all in financial perilApril 26, 2009 Bankruptcy filings reach a ten year highApril 13, 2009 Economic downturn pushes more towards bankruptcyApril 3, 2009