Bankruptcy Information Center

What is the Liquidation Analysis in Chapter 13 ? September 18, 2023

Chapter 13 bankruptcy is a type of bankruptcy filing available to individuals (as opposed to businesses) who have a regular income and want to restructure their debts and create a repayment plan over ...

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Do I Need to Be a Citizen of the United States to File A Bankruptcy Case? June 28, 2023

To file a consumer bankruptcy case in the United States, you generally do not need to be a U.S. citizen. The U.S. Bankruptcy Code does not specifically require citizenship as a prerequisite for filing ...

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What Are the Venue Requirements to File a Consumer Bankruptcy Case When Moving From Another State? June 27, 2023

Filing for consumer bankruptcy when moving from another state typically involves meeting certain venue requirements. The venue determines the appropriate bankruptcy court where you should file your ...

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What is a DIP Account and When is it Required in Ch 11 Subchapter V Bankruptcy Cases? June 12, 2023

Chapter 11 is a bankruptcy debt relief option that allows individuals to avoid liquidation by drafting a repayment plan that will result in payment-in-full within a fixed three or five-year period. ...

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What Is the Bankruptcy Means Test? June 5, 2023

The bankruptcy means test is a formula used in the United States to determine whether an individual or family is eligible for Chapter 7 bankruptcy . The means test was implemented as part of the 2005 ...

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What Is the HAVEN Act in Bankruptcy Cases? May 29, 2023

The HAVEN Act is a U.S. federal law that was signed into law in 2019. Its common name, the HAVEN Act, is shorthand for "The Honoring American Veterans in Extreme Need Act of 2019". The law is designed ...

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