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Archive for July 2015

The History of Bankruptcy

American Bankruptcy Law The American bankruptcy laws had their start in England during our colonial history. There have been a significant number of revisions and other changes throughout bankruptcy’s history. Even the Pre-Revolutionary War bankruptcy laws were remarkably different from those of today’s laws. The first bankruptcy law in England was enacted more than 450 years ago during the…

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How Does Bankruptcy Stop Garnishments, Foreclosures, And Repossessions?

Bankruptcy and Garnishments, Forclosures & Repossessions Filing for bankruptcy gets immediate protection for you, your paychecks, your home, and all your possessions. This is called an automatic stay. It provides this protection for you and your property whether you file a Chapter 7  straight bankruptcy case or a Chapter 13 adjustment of debts case. Virtually all efforts by any of…

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