Recently in Chapter 7 Bankruptcy Category

Deciding on the right bankruptcy attorney can be just as draining as the bankruptcy process itself. If you don't know what to look for in a lawyer, the whole experience of researching and meeting with potential attorneys can be pretty overwhelming.

Don't worry. We've got you covered. Here are five tips to help you find the bankruptcy lawyer who's right for you:

Do tax refund checks result in more bankruptcies?

There seems to be a correlation. According to the Los Angeles Times, bankruptcies rise after tax refunds are issued.

That seems counter-intuitive on one hand. On the other hand, it makes perfect sense.

Many people don't fully understand what the word bankruptcy really means. When they think of someone who is bankrupt, they imagine someone in a poor house with nothing but the clothes on their back.

But did you know that in many cases, bankrupt individuals go on to live the same lives they were already living?

Do you really know what bankruptcy is all about?

If you're thinking about filing for bankruptcy, you might not know where to start. The process seems scary at first and at the end of the day, it's a legal proceeding.

That means that there will be many things to think about and many things to learn before you take the plunge.

If you're contemplating filing for bankruptcy, here are three steps you should take immediately:

Bankruptcy sounds like a complicated concept. If you're thinking of filing for bankruptcy, the whole legal complexity of it might be enough to turn you away from the idea.

In reality, however, bankruptcy isn't as complicated as it seems.

Here are the general differences between a Chapter 7 and a Chapter 13 bankruptcy:

Bankruptcy sounds very scary, but actually it's not the worst thing ever.

In fact, many people who declare bankruptcy are happy they did so, as it gives them a fresh slate and a chance to move on.

But how does one move on after a bankruptcy? A bankruptcy still isn't as easy as one would imagine.

Here are the five best ways to move on after declaring bankruptcy:

With the economy still on the mend, many Americans turned to bankruptcy this year for a fresh start. Celebrities and the wealthy were no exception. Everyone from NFL athletes to the Octomom hit hard times this year and looked to bankruptcy for help.

So without further ado, here are our Top 5 individual bankruptcy cases of 2012:

A U.S. District Judge just tacked a few more months onto Lenny Dykstra's prison stay. The All-Star outfielder-turned-financial guru is currently serving a three-year prison sentence for grand theft auto.

Earlier in the year, Dykstra was accused of fraudulently concealing assets during his recent bankruptcy. The former ballplayer was found guilty and sentenced to six and a half months in prison and 500 hours of community service, The Associated Press reports.

Gary Busey may have emerged from bankruptcy, but he's still facing crushing debt.

The down-on-his-luck actor filed for Chapter 7 bankruptcy back in February, claiming to owe about $500,000 to creditors. Last month, Busey's bankruptcy case was completed, but he's still on the hook for more than $450,000, TMZ reports.

In filing for a Chapter 7 bankruptcy, University of Arkansas football coach John L. Smith hoped to quickly discharge his debt and move on with his life.

Now, what was expected to be a simple liquidation could turn out to be a drawn-out ordeal. One of Smith's creditors has asked the court to put Smith under oath for an extensive examination of his finances. According to the creditor, Smith manipulated his salary arrangement in order to shield his earnings from creditors, USA Today reports.