What are the Different Kinds of Bankruptcy?

What are the Different Kinds of Bankruptcy?

What are the different types of bankruptcy?  What is a "Chapter 7" case?  What is a "Chapter 13?"  Which chapter is best for me?  These are some of the questions Mr. Bolger will answer for you in this episode.

What Do I Include In My Bankruptcy Case?

Mr. Bolger answers one of the most common questions he is asked by callers and stresses the importance of telling the truth at all times in your case.

Senior Citizens and Bankruptcy

Are you retired or retiring and realize your expenses are increasing while your income is not?  Has your parent asked you for help in resolving their financial affairs and you realize they cannot afford to pay their debts and maintain a decent standard of living?  Statistics indicate senior citizens are filing bankruptcy petitions at an increasing rate.

Security Clearances and Personal Bankruptcy

Will I lose my security clearance if I file for bankruptcy protection?  I am applying for the first time for a security clearance.  Will I be denied because I filed for bankruptcy protection?  Mr. Bolger has been filing bankruptcy petitions in the Washington DC metropolitan area since 1987, and the area he serves has a large number of residents who possess security clearances.

Is Bankruptcy for me?

"Why not try for a win-win scenario?  Tell the creditor they'll get nothing if I file bankruptcy.  Won't that work?"  Mr. Bolger describes how and why he started filing bankruptcy cases for individuals and small businesses over 30 years ago.