Delaware law mandates that if you file for bankruptcy, you must work with a credit counseling agency approved by the U.S. Trustee in Delaware within the six months before you file. In addition, you will be required to take a...
When you file for Chapter 7 bankruptcy and that filing is approved, you will receive a bankruptcy discharge date. After that day, you will no longer be personally liable for certain debts. This means creditors for those debts can no longer...
Bankruptcy is a process that allows you to discharge some of your debts or create a plan for paying back your creditors. It is a process intended to give you a fresh financial start when you cannot meet your financial...
Filing for bankruptcy is often seen as a last resort — something you do when you’ve run out of other options. But in reality, the decision to file for bankruptcy can be a way to set you off on a better path...
Once you file for bankruptcy in Delaware, an automatic stay should prevent creditors from proceeding with collection actions against you. This means all collection action, foreclosure and repossession must stop. If a creditor continues to contact you about a debt after...
In a chapter 13 bankruptcy case, you file a repayment plan that indicates how you will repay some of your debts over a period of three to five years. You may be able to keep some of your assets, such...
No homeowner wants to consider foreclosure when they are buying their home. Unfortunately, for many Americans and Delaware residents, it is possible to fall behind on mortgage payments. When this happens, you could face foreclosure, which means the bank or lender...