Researching Chapter 7 Bankruptcy

Times have certainly changed in oh so many ways. Of course with the Internet available to the majority of the population, it has changed just about everything that we do in our daily lives, day in and day out.

My sister is talking about filing for bankruptcy and has been asking me questions since I filed for a chapter 7 bankruptcy, but that was almost 20 years ago for heavens sake. It is hard to remember most of the details and the laws have changed so much that I fear I have not been much help.

So today was spent over at her house, most of the time on the Internet doing research about bankruptcy and the current laws hoping to see what we could see. It all started when she did a Google search using the keywords of  “do i qualify for chapter 7” and we were off and running. Things really have changed, there seems to be a lot more involved and it will cost her a heck of a lot more since she has more assets that I had back in the 90’s. But it seems like the right thing to do in her situation and I pray that it goes as smooth as humanly possible for her and her family.