Kalikalaw.com-Chapter 7, 13 bankruptcy in New York

The automatic stay is one of the most powerful features of bankruptcy. When a debtor files a bankruptcy petition, such filing instantly creates a court order that protects a debtor from her creditors.

If you are considering filing for bankruptcy, you have probably heard about secured and unsecured debts. It is important to understand the difference between the two because they will affect your choice between Chapter 7 and Chapter 13 bankruptcy.

Have your debts become overwhelming and facing foreclosure on your house? If your answer is yes, you are probably thinking about filing for bankruptcy and would like to learn about some basic differences between Chapter 7 and Chapter 13 cases.

If like many Americans you are overwhelmed with the credit card bills and telephone calls from your creditors, you are not alone. Today a record number of consumers are seeking debt relief due to the weak economy.

Many Americans are looking for ways to reduce or eliminate their debts quickly. They are searching for information online, read self-help books and talk to their relatives and friends.

Today many Americans have to spend a significant portion of their income on making credit card payments. Here are seven basic tips that will help you reduce or eliminate you old debts.