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Published: Sat, 21 Apr 2018 05:30:00 -0500


Why Should You Seek the Services of an Insolvency Practitioner?

Thu, 09 Nov 2017 08:32:14 -0600

There is a common belief that one only needs the insolvency practitioners (IPs) only when a company is insolvent but this is not accurate. There are many roles that the IP can conduct and this includes advice to directors even when the company is solvent but they need to run the fortunes and trade profitably once more.

Financial Crisis 07-08

Thu, 31 Aug 2017 14:04:53 -0500

This article underlines the fundamental causes of the 2007-2008 financial crisis also known as the largest financial event since the Great Depression. In addition, it solidifies the claim that the United States of America is still the locomotive of the world economy.

How to Stay Out of Bankruptcy

Mon, 24 Jul 2017 07:05:06 -0500

Many want to use the law surrounding bankruptcy to avoid paying off their debts. In the long run, however, what does it achieve other than a bad reputation? People that have a history of such are tainted and may find getting loans and things from banks harder if not impossible.

Bankruptcy - 5 Critical Facts

Thu, 06 Jul 2017 06:58:03 -0500

Bankruptcy Law is complicated and can be overwhelming. This short paper covers 5 critical facts that anyone who has debt and is considering bankruptcy should know first.

The Rule Of Tryanny

Mon, 12 Jun 2017 11:57:46 -0500

The silent killer of our way of life is already knocking on our door. Dare we open and submit to the catastrophe that awaits or do we wake up and start to implement reforms that will forever vanquish the evil of debt that is about to close it's tight grip on an already besieged nation? For several years now the United States government like Trump did this past year has beguiled the public.

Insolvency and Bankruptcy Code, 2016

Wed, 22 Feb 2017 14:01:04 -0600

On the verge of the new Insolvency and bankruptcy code era, the article emphasizes on the details of the Insolvency and Bankruptcy Code 2016. The Insolvency resolution process is summarized for the understanding of readers. As a whole, the article describes the Insolvency and Bankruptcy Code, 2016 in a short but very understanding and insightful manner.

4 Things You Need to Do When A Customer Files Bankruptcy

Wed, 15 Feb 2017 10:51:24 -0600

Almost 820,000 bankruptcy filings took place in 2015. If you've received the dreaded notice that a customer filed bankruptcy, there are a few things that you absolutely must do. A customer's bankruptcy filing doesn't necessarily mean that you don't have any rights and that you won't get any payment on the amount the customer owes to you. However, there are protocols to follow.

See Both the Sides of a Coin: Chapter 7 Bankruptcy

Tue, 18 Oct 2016 09:34:45 -0500

Filing for Chapter 7 bankruptcy can prove to be a good option when an individual feels overwhelmed in debt and not able to repay all of them. Although it is a tough decision to take and the entire process is time consuming but it seems the only right choice in that bad financial phase.

Reasons to Follow Debt-Relief Practices of Bankruptcy Law Assistants

Fri, 07 Oct 2016 09:37:20 -0500

Bankruptcy law assistants are of paramount help out for defaulters in need. Lawyers and attorneys of reputed debt-relief law firm are of best help in such cases though.

Is It Possible to File For Bankruptcy For Free

Wed, 14 Sep 2016 08:55:19 -0500

There's no such thing as a FREE lunch, but you can file bankruptcy for free, if you have nothing to lose, you have no money, and you have access to the internet. Filing bankruptcy for free is designed for the low-income debtors and there is help both online and in our courts to help you.

The Big Fat Greek Deception

Wed, 17 Aug 2016 08:47:38 -0500

This article describes the Greek crisis situation. It explains why extending more credit to a bankrupt nation is unlikely to help it get rid of its economic woes.

Enjoy Debt Relief With Help From A Bankruptcy Attorney

Wed, 17 Aug 2016 08:12:07 -0500

Financial hardships can force you to declare bankruptcy as an easier way of working around them. However, it is a process that can be very complicated and you will need the assistance of a bankruptcy lawyer to file and do everything right. Generally there are commercial bankruptcy attorneys that help with filing for business and consumer bankruptcy attorneys who file for individuals. In a commercial setting, your business gets protection from creditors whereas in the consumer setting you or your spouse gets protection from creditors and dealing with clearing the debt or setting payment plans.

Upside Down on Car Loan - Chapter 13 Cram Down Provisions and Chapter 7 Redemption

Thu, 07 Jul 2016 13:53:00 -0500

Save your car through Chapter 13 or Chapter 7 bankruptcy. Obtain relief from upside down auto loans. Restructure auto debt, lower car payments and interest rates and cram down unsecured portion of auto loan.

How Do I Save My Home? Using Bankruptcy Protection (Chapter 13)

Thu, 07 Jul 2016 13:17:55 -0500

Bankruptcy protection is often utilized to stop foreclosure and provide the debtor an opportunity to restructure mortgage arrears on affordable repayment terms. When debtors fall behind on their mortgage, the bank usually insists upon upfront repayment of ALL past due mortgage arrears, or repayment over a very brief window of time - two to three months. This financial predicament is usually impossible for the debtor who wants to save its home.

Four Critical Things to Know About Chapter 13 Bankruptcy

Fri, 27 May 2016 06:18:46 -0500

Deciding to file for Chapter 13 bankruptcy is generally a difficult and serious decision. Make sure you understand these four critical things when you're ready to file.

Waiting Is the Hardest Part: Chapter 7 Lawyers Explain Waiting Periods After Bankruptcy

Wed, 13 Apr 2016 15:12:16 -0500

You've been living in debt for years, and now you're free after filing for bankruptcy with your experienced Chapter 7 lawyers. You're finally in a position where you can rebuild your life. However, there are some things that you're still going to have to wait for.

How to Prevent Bankruptcy and Avoid Financial Troubles?

Tue, 12 Apr 2016 07:15:26 -0500

When a person files for bankruptcy, it is seen as a very quick and easy way to get out of the debt. It surely can help you to get out of debt, but the law will not give you what you ask for once you file for bankruptcy. Thus it is extremely important to avoid or prevent bankruptcy as in the long run only this can help you.

What Happens To A Director of a Limited Company After Liquidation?

Tue, 08 Mar 2016 09:32:19 -0600

Are you the director of a limited company going through liquidation? Unsure of what it means for you personally? Read this guide and get all the answers.

Filing Bankruptcy to Stop Creditor Harassment

Thu, 03 Mar 2016 13:47:14 -0600

One of the huge benefits of filing bankruptcy is the ability to stop creditor harassment. Learn more about how to stop creditor harassment by filing for bankruptcy.

Understanding Bankruptcy Litigation and Contested Bankruptcy Cases

Thu, 03 Mar 2016 13:41:28 -0600

Many individuals pursuing bankruptcy don't understand the difference between contested and uncontested bankruptcy cases, and where bankruptcy litigation comes into play. Learn more in this quick guide.

Where Is a Company Most Likely to Go Insolvent In 2016?

Wed, 02 Mar 2016 09:55:40 -0600

Everyone wants to be able to tell the future. Using Atradius' 2016 report, we examine where your business is most likely to go insolvent.

Are Company Insolvencies on the Rise in the UK?

Wed, 02 Mar 2016 08:34:14 -0600

Are company insolvencies really on the rise in the UK? We take a look at the recent statistics to find out what's going on.

Questions That Help Choose A Reliable Insolvency Partner

Wed, 10 Feb 2016 13:43:46 -0600

An insolvency practitioner is licensed and authorized to act on behalf or in relation to an insolvent company, partnership or even an individual. Most practitioners are accountants working under firms and their duties are monitored and guided by regulations and laws they must adhere to. Most company directors seeking the insolvency services are not always sure of what to look for and how to get the best for the job. If you are one of those still wondering which practitioner is right, then the questions below will help you make the right decision.

What To Expect From Your Insolvency Practitioner

Wed, 10 Feb 2016 13:11:21 -0600

Companies in distress can use the guidance and advice of an insolvency practitioner who is licensed. This intervention can be the difference between business success and failure. As a company you can easily improve cash flow situations and regain momentum when you get professional help from an IP. However, to get the best results you should strive to work only with a professional who is not just an effective communicator, but also has technical expertise and knowledge to help your business recover. What then should you expect from a good insolvency practitioner?

Factors That Cause Christian Camps to Fail and How Biblical Principles Can Change That Trend

Mon, 25 Jan 2016 15:33:48 -0600

Christian Camps across the United States fail financially as a result of abandoning biblical financial principles related to borrowing money. However, applying simple biblical principles can bring about significant change for the better. In recent years we have seen a number of Christian Camps close their doors and declare bankruptcy.

How Can You Obtain a Good Credit Score After Bankruptcy

Tue, 19 Jan 2016 13:15:57 -0600

A bankruptcy is not good at all. It stays on your credit card report for 7 to 10 years. There is a possibility that your credit card score will remain low until you take some steps to make it better in no time. But it takes a lot of persistence and patience and a steady stream of on-time payments on a monthly basis to rebuild the credit respectively. You have to think on smaller time frame when you begin applying for the credit cards. After the bankruptcy, there is a possibility that you may not be eligible for the consumer credit card at all.

Tips To Take Control Of Company Insolvency

Thu, 19 Nov 2015 07:35:01 -0600

There are so many companies going through liquidation today. Even though for most this is welcomed and planned, for others it is not a very much welcomed process and it can be the root cause of stress and worries. It is very normal to feel frustrated, helpless and angry when going through insolvency, but there are simple ways you can use to take control of the situation and it keep stress levels minimal. Here are some tips that can help you reduce the upset and worry that usually accompanies company insolvency.

What Are The Alternatives If You Can't Afford A Bankruptcy?

Wed, 21 Oct 2015 11:12:09 -0500

After you finally decide that none of the alternative options are good for you to get a relief from debts. Try to get help with filing bankruptcy without putting your finances into an even worse situation.

Are You Losing Out on Unclaimed Funds?

Tue, 06 Oct 2015 08:07:57 -0500

Believe it or not, uncashed checks resulting from bankruptcy cases often go unclaimed, but you can now find out if the Federal Court System is holding onto funds with your name on them. There's a new search tool available that will let you quickly and easily see if there are some funds out there belonging to you that were never claimed.

The Effects of Bankruptcy on Your Credit

Fri, 02 Oct 2015 15:59:35 -0500

Bankruptcy and Your Credit. People contemplating bankruptcy often worry about the effect that it will have on their credit. This article explores the effects and what you can do to rebuild your credit after a bankruptcy.

The Impact of Bankruptcy on Alimony and Child Support

Fri, 02 Oct 2015 13:47:48 -0500

How does bankruptcy affect alimony and child support? Learn more about the impact of bankruptcy, child support and alimony, for all parties involved.

What Is the Automatic Stay in Bankruptcy?

Fri, 02 Oct 2015 13:47:13 -0500

The automatic stay in bankruptcy is one of its most powerful abilities. Learn about what the automatic stay is, how it works, and how it may be able to help you.

Cram Down a Car Loan With Bankruptcy

Fri, 02 Oct 2015 13:46:41 -0500

What happens when you cram down your car loan? It's a powerful tool to have if you are considering filing bankruptcy.

Bankruptcy and Your Vehicle

Tue, 29 Sep 2015 10:40:28 -0500

Filing a bankruptcy can be scary. Adding to that fear are a lot of incorrect assumptions about losing your property. I try to alleviate some of those fears surrounding vehicle ownership and bankruptcy.

Is Bankruptcy Different From State to State?

Fri, 28 Aug 2015 13:39:09 -0500

Many individuals wonder if bankruptcy is the same everywhere, or if it is different from state to state. Here, we'll answer that common question and concern.

Latest Economy Statistics on Bankruptcies, Foreclosures and Jobs

Fri, 28 Aug 2015 13:38:36 -0500

What do the latest statistics have to offer on the economy? What about jobs, bankruptcies and foreclosures? Take a look at some important facts and stats here.

How Can I Stop a Wage Garnishment?

Fri, 28 Aug 2015 13:38:17 -0500

Dealing with a wage garnishment can be a crushing financial blow. It's important to understand how to stop a wage garnishment and receive financial relief.

Difference Between Chapters 7, 11 and 13 Bankruptcy

Mon, 17 Aug 2015 14:45:59 -0500

What's the difference between Chapter 7, Chapter 11 and Chapter 13 bankruptcy? Which Chapters may you be eligible or ineligible for?

Types of Non-Bankruptcy Resolutions

Mon, 17 Aug 2015 14:45:33 -0500

What types of non-bankruptcy solutions are available to you? Which bankruptcy alternative may produce the best results for your circumstances?

Is Bankruptcy Good Business? Lessons Learned From Donald Trump

Thu, 13 Aug 2015 10:39:47 -0500

Donald Trump has filed for bankruptcy four times. None of those times were personal. Recently, Trump stated via Twitter and other sources that corporate bankruptcy is a good business strategy. Is this really true? Here's a closer look at Trump's Chapter 11 past, and why it worked.

How You Can Avoid Bankruptcy?

Fri, 17 Jul 2015 13:21:37 -0500

You have been engulfed by a tsunami of debt and are quickly sinking under ever increasing bills and fast growing debts. You have been taking cash from your credit cards to pay the minimum payments and keep your home and the car. After paying all of your bills there is not enough money to live on. There are solutions that do not involve bankruptcy.

Mortgage Options After Bankruptcy

Thu, 09 Jul 2015 15:34:45 -0500

This article reviews personal bankruptcy options and the waiting period for mortgage financing after bankruptcy discharge by mortgage type. Other mortgage approval factors are also discussed to assist individual preparing for a mortgage after a bankruptcy.

FAQ About Saving Assets and Income During Bankruptcy

Tue, 23 Jun 2015 13:34:00 -0500

All debtors want to keep as much of their assets and income as they can when they file bankruptcy. Some assets do need to be given back to creditors or the trustee to pay for secured debts and for some unsecured debts. Debtors with too high an income are required to file a Chapter 13 bankruptcy to pay off some of their debts.

What Is a Creditor's Meeting in Bankruptcy?

Thu, 11 Jun 2015 11:05:45 -0500

Every debtor who files for an individual bankruptcy has to attend a creditor's meeting. This holds true for Chapter 7 and Chapter 13 bankruptcies. The creditor's meeting will be scheduled the Bankruptcy Trustee after all the initial paperwork is filed.

What Are the Pros and Cons of Filing a Chapter 7 Bankruptcy

Thu, 11 Jun 2015 10:54:01 -0500

A chapter 7 bankruptcy allows the debtor to discharge his/her debts and get a fresh start. While the process can often be humiliating, it is usually for good reasons that should not embarrass the debtors. People file for bankruptcy because they lose a job, they have high medical bills, their home is devalued because of the economy, lack of proper educational training, family issues and for other reasons.

Bankruptcy Prevention

Thu, 04 Jun 2015 06:54:36 -0500

Bankruptcy is destroying America. Can America recover as the biggest companies in the world try to recover or innovate? Maybe, exploration will be a serious approach in this article.

What Are the Pros and Cons of Filing a Chapter 13 Bankruptcy?

Wed, 03 Jun 2015 12:59:57 -0500

There are two main types of consumer bankruptcy - Chapter 7 and Chapter 13. Chapter 13 is mainly for people who want to save some of their assets such as a home or car. It is also required for people with an above-average income who meet the standards for being able to pay off some of the debts.

What Is a "Stalking Horse" Buyer in Bankruptcy?

Mon, 11 May 2015 13:58:05 -0500

A "stalking horse" buyer in bankruptcy is business-entity buyer that has prearranged to purchase a company's assets during a Chapter 7 or Chapter 11 bankruptcy filing. Essentially, the company in bankruptcy is attempting to leave nothing to chance: they have already made plans to sell their business or property to another business entity usually BEFORE the bankruptcy case is filed. The bankruptcy itself is the mechanism to allow the "stalking horse" to make this very efficient, debt reducing transaction.

Can a Church File for Bankruptcy? What Options Are Available?

Mon, 11 May 2015 13:52:44 -0500

The U.S. real estate and economy stalls that started in 2008 have created many not-too-apparent casualties. Among these casualties are thousands of churches across the United States. In more extreme cases, these churches have been forced to consider bankruptcy relief.

5 Questions to Ask Before You Declare Bankruptcy

Wed, 06 May 2015 13:34:10 -0500

You may have lost your job or had your salary cut during the tough financial times that the United States just experienced. Unexpected medical bills may have made your finances a nightmare. Bankruptcy laws were designed not just to protect creditors, but to give you the help you need to make a fresh start and get back on firm financial ground. Here are 5 questions to ask yourself that may give you an idea of where you stand financially.

Learning About Federal Bankruptcy Exemptions

Wed, 29 Apr 2015 10:35:59 -0500

Are there any assets you can keep even though you're going through bankruptcy? The answer is yes. Find out how it works in this article.

Discover The Advantages of an Automatic Stay In Bankruptcy

Mon, 20 Apr 2015 13:22:02 -0500

If you're in the process of filing bankruptcy or are considering doing so, you'll want to get a grasp of some of the terminology involved in the process. The 'Automatic Stay" is one of those terms. Read on to find out more.

What Is Insolvency? Insolvency Vs Bankruptcy

Wed, 15 Apr 2015 14:03:53 -0500

The concept of "insolvency" is many times used interchangeably with the concept of "bankruptcy." Both terms carry the same basic concept of no longer being able to repay one's debts. Although it may be "splitting hairs," there is a slight distinction between these two terms.

Value Added Services By Bankruptcy Attorney Saves Financial Status

Fri, 10 Apr 2015 11:58:25 -0500

After having gone through a tough financial situation, such as bad loan or credit card non-payment, many people tend to come out of the situation through the support of bankruptcy filing. To the untrained mind, this may seem to be a good solution because the immediately imminent problems seem to have gone away.

Bankruptcy - Should You File and What Are the Benefits?

Mon, 30 Mar 2015 10:34:17 -0500

Bankruptcy is a very delicate subject for most people. It's senseless for anyone to feel ashamed to file for chapter 7 or chapter 13 bankruptcy when most of us have also made bad choices at one time or another.

5 Common Misconceptions About Bankruptcy

Mon, 09 Mar 2015 16:03:29 -0500

Misconception #1: YOU LOSE ALL YOUR BELONGINGS IN BANKRUPTCY. Truth: Many of the bankruptcy cases that are filed by individuals are known as "no asset" cases. This means that the debtor or debtors preserve all of their belongings.

Taking A Look At Bankruptcy Law

Fri, 27 Feb 2015 07:59:12 -0600

Setbacks are common in life. If your financial situation has spiraled out of control it's wise that you file for bankruptcy. Paths of Relief Bankruptcy laws provide you with two paths for relief: chapter 7 and chapter 13. Chapter 7 is aimed at helping you to cover the debts resulting from personal loans, credit cards, payday loans and medical bills. This chapter is most ideal for people who own less property. This is because your assets are sold, or liquidated in order to pay creditors as much as possible. If there are any debts that remain after the sale of your assets, they are wiped away leaving you with a clean slate.

Personal Bankruptcy Options

Wed, 25 Feb 2015 09:13:11 -0600

This article reviews the two types of personal bankruptcies in the United States. The Chapter 13 and Chapter 7 bankruptcy options have two distinctly different paths for individuals to recover from severe financial hardship. This article clarifies the differences between the bankruptcy options.

Why You Must Never File For Your Own Bankruptcy - 3 Important Reasons

Wed, 25 Feb 2015 07:47:41 -0600

Filing for bankruptcy can prove really tricky at times. However, your decision to hire a bankruptcy lawyer can reverse the scenario quite easily. Please read further to know how...

Keep Your Car During Bankruptcy With Car Loan Reaffirmation

Mon, 23 Feb 2015 15:15:48 -0600

Finding a perfect car is difficult and losing it to bankruptcy is all the more heart-breaking. But, you can avoid repossession of your car during bankruptcy. Opt for car loan reaffirmation and obtain a chance of reducing interest rates from your lender.

Do People Go On To Live Normal, Happy Lives After Bankruptcy?

Tue, 20 Jan 2015 06:11:30 -0600

When I was contemplating filing bankruptcy... I often wondered how people go on to live normal, happy lives after bankruptcy. I had no idea how I, or anyone else, could face life or their friends, and family after losing everything...

How To Keep Your Sanity Through A Bankruptcy

Tue, 20 Jan 2015 06:02:56 -0600

Okay, let's begin. I wish someone would have showed me how to keep your sanity through a bankruptcy when I went through mine, because it was pure hell for me...

3 Mistakes to Avoid When Filing for Bankruptcy

Fri, 02 Jan 2015 09:59:27 -0600

Bankruptcy is a legally complicated process. Successfully filing for bankruptcy can offer you a fresh start with your finances, allowing you to turn your life around completely and leave the past behind. However, not everyone who files for bankruptcy has their case accepted. There are many reasons your bankruptcy filing may be rejected.

Is Bankruptcy The Best Option For You?

Thu, 18 Dec 2014 09:13:53 -0600

Thousands of households find themselves drowning in debt each and every day. Deciding how to manage your debt, get the creditors to stop calling and reduce the stress you experience is a big decision. There are a number of debt solutions, but with the right bankruptcy advice, you may find this is the best option for you moving forward.

Helpful Alternatives To Filing Bankruptcy

Thu, 18 Dec 2014 08:02:50 -0600

Tips to avoid bankruptcy and my best advice for bankruptcy alternatives like repayment, settlement, and credit counseling. A key tip is to know whether the debt is legally collectable before repayment and look for your state's statute of limitations. Some borrowers are 'judgment proof' and should do nothing.

Reasons to Declare Bankruptcy

Mon, 24 Nov 2014 09:28:23 -0600

Though the very term might send many people into a dizzy, declaring bankruptcy is not always a bad thing. Sometimes it might be your biggest saving grace in times of financial upheavals. However it has its downsides like bad credit scores, difficulty in obtaining and conducting future financial transactions and the like. Filing for bankruptcy is also a long, tiring, expensive and time consuming procedure. Some of the times and reasons when you can legitimately declare bankruptcy are:

Understanding Bankruptcy And Its Concepts

Thu, 13 Nov 2014 07:29:10 -0600

Many people are under the impression that bankruptcy turns your entire world upside down, leaving you with a poor credit history and unable to obtain any credit for long periods of time. This solution is available to those that cannot afford to repay their debt, leaving them little choice but to find out more and start their lives with a clean slate.

Tips to Managing Your Debt Effectively

Mon, 10 Nov 2014 07:15:09 -0600

Thousands of people around the world are so deep in debt that they experience constant stress, restless nights and their performance at work starts to suffer. Many will become physically ill because they realise that they have borrowed too much and their salary doesn't cover the bill by the end of the month.

Bankruptcy As a Financial Tool or Failure?

Thu, 06 Nov 2014 10:17:45 -0600

Some may see bankruptcy as a failure, but an experienced lawyer will show you it's actually a financial tool. Corporations and the wealthy use bankruptcy and feel no remorse or shame; neither should you.

Going Bankrupt Is Not Planned by People Using This Option

Tue, 28 Oct 2014 08:13:27 -0500

There are a lot of things that people will do when they are facing a financial crisis. They have many different types of things that will work and many things that do not work. Attorneys are available to help people when they are going bankrupt.

5 Reasons to Go Bankrupt and Get a Fresh Start

Tue, 28 Oct 2014 05:45:56 -0500

Need to file bankruptcy? There are many reasons why someone decides to file bankruptcy. Most feel it is the best option for their family or for themselves. Filing bankruptcy is available to everyone and no one should feel ashamed or embarrassed about exercising that right. Here are some of the top reasons for filing bankruptcy and rebuilding your financial future.

6 Things You Need To Know About Hiring A Bankruptcy Petition Preparer

Thu, 23 Oct 2014 11:07:08 -0500

Thinking about filing bankruptcy without an attorney. Bankruptcy petition preparers are valuable resources for pro se filers.

How Does Bankruptcy Help You in the Long Run?

Mon, 06 Oct 2014 13:40:23 -0500

Have you ever wondered what the long term benefits of bankruptcy are? Did you even know how many things in your life will be improved by filling bankruptcy? Did you realize you can save yourself years of depression and tens, if not hundreds of thousands of dollars by filing bankruptcy? This article will bring all of that to life in an easy to understand view of bankruptcy and it's benefits.

When Do You Need to Hire a Bankruptcy Attorney?

Fri, 03 Oct 2014 05:39:35 -0500

When finances become overwhelming, is it time to hire a bankruptcy attorney? Check out this discussion on when it's the best time to make the call.

Educate Yourself Before Filing for Personal Bankruptcy

Tue, 30 Sep 2014 16:01:42 -0500

Since the 1900's people in the United States have started to try to do things themselves even if they do not have the expertise to handle the certain situation. You can find how to do books for everything like legal matters and healthcare. So, why pay someone else to handle the work that you can do on your own.

The New Face of Bankruptcy

Tue, 30 Sep 2014 16:01:19 -0500

A few years ago people viewed personal bankruptcy as a problem for the poor people of the country. However, since the economic crisis in the year 2008, this legal matter has taken a new face. There are people who reside in the United States with 5-6 figure incomes filing for bankruptcy because of blunders or negligence with handling money.

Personal Bankruptcy - Final Destination

Mon, 29 Sep 2014 05:11:42 -0500

It is usually those factors that we have little or no control over that lead many individuals towards personal bankruptcy. Because of the long term and serious ramifications of such actions, one should be very cautious of the steps for proclaiming bankruptcy. You should understand that the bankruptcy laws are different for every geographical area, thus the best course should be to consider the services of a reputable and experienced bankruptcy attorney.

Determine If Personal Bankruptcy Is the Right Option For You

Mon, 29 Sep 2014 05:11:22 -0500

At some point in your life you will have a serious urge to file a claim for personal bankruptcy. Taking such a drastic move can be mind-boggling; however this step has become a reality for a number of people in the world today. The aim of the federal bankruptcy is to help debtors start their life afresh by financial assistance.

The Myths About Personal Bankruptcy

Fri, 26 Sep 2014 08:02:15 -0500

Do you know what bankruptcy is? If you do not, then you should be informed that personal bankruptcy is a situation that is often caused by abrupt changes in the financial situation of an individual because of medical emergencies, divorce, unemployment, or debt. Filing for bankruptcy must be thought over as a responsible step towards obtaining financial freedom.

The US Is Approaching a Sudden Phase of Bankruptcy

Thu, 25 Sep 2014 14:30:18 -0500

The nation as a whole has a spending problem. The national debt is only evidence of governments fixation on deficit spending. Projections indicate that our national debt will continue drastic increase as Congress deals with how to fund Obamacare, and don't forget about social security.

Paying Off Big Debt In Small Years

Mon, 22 Sep 2014 13:28:35 -0500

When it comes to debt relief there isn't just a one-sized-fits-all option. Everyone's financial situation is different and may require different strategies. Therefore, educating yourself about your options is the best place to start.

Can I Get Student Loans Discharged in Bankruptcy?

Wed, 17 Sep 2014 13:26:47 -0500

As a Bankruptcy Lawyer I am always asked; Can I get rid of my student loans in bankruptcy? But over 99% of people with student debt and attorneys don't realize it's possible. Read on to find out how.

Can I File Chapter 7 Bankruptcy on Income Taxes?

Wed, 17 Sep 2014 13:21:10 -0500

Have you ever wondered if you can discharge income taxes due under a chapter 7 bankruptcy? Read on to have that question answered in detail.

What Filing for Bankruptcy Means

Wed, 10 Sep 2014 08:26:30 -0500

Everyone has heard the term "filing for bankruptcy" in respect to businesses or even personal bankruptcy but what does it mean and who can an individual turn to if they are in need of bankruptcy help and assistance? Most who have struggled with their finances have surely found themselves wondering if the option is for them and if they choose it what does it mean for their future credit and financial future or any assets that they currently own.

Considering Bankruptcy? How to Find Good Advice

Wed, 10 Sep 2014 08:22:11 -0500

Filing for bankruptcy or considering other debt relief options is a complicated position for one to find themselves facing. With all of the bankruptcy advice out there, from the negative to the positive, individuals may be wondering who to turn to and which advice is pertinent to them and their specific situation.

Reasons to Hire an Attorney Prior to Filing for Bankruptcy

Wed, 03 Sep 2014 09:05:22 -0500

As the bills start to pile up and your credit score starts to plummet, you should consider hiring an attorney such as those that work for or specialized on bankruptcy. Before you find yourself filing for that case, contact an experienced attorney to work with you.

Bankruptcy Advice for People in Financial Difficulties

Wed, 27 Aug 2014 07:38:17 -0500

There are a lot of people that should be considered for bankruptcy but they don't even apply for it because of the stigma attached to it. They think that they will be judged for the rest of their lives, if they apply for bankruptcy.

Tips for Making a Bit Extra Money to Pay for Debts

Wed, 27 Aug 2014 07:37:39 -0500

In this day and age when countries are claiming bankruptcy and they are defaulting on their loans in recession, it is no surprise that there are thousands of people in money troubles as well. For some people, their troubles are not their fault. It might have been that their own back went bankrupt and they have lost all of their savings. This is not their fault.

What Is Exempt Property in Bankruptcy?

Mon, 28 Jul 2014 14:15:39 -0500

This article sets out to explain Bankruptcy exemptions and how they differ from state to state. In Oklahoma a debtor is able to keep most of his personal property as well as his home in Bankruptcy. Also, there is a long list of other property that is exempt per the State of Oklahoma Bankruptcy rules.

Are Medical Bills One Reason for Filing Bankruptcy?

Thu, 24 Jul 2014 13:43:17 -0500

Mounting medical bills are the cause for an alarmingly high percentage of bankruptcies in America. Read on to learn more about how a simple injury or illness can snowball into a bankruptcy filing.

The Means Test in Bankruptcy

Mon, 21 Jul 2014 14:37:16 -0500

An overview of the Means Test. What to expect when filling it out, and what happens if you don't pass.

Claiming Bankruptcy in Alberta

Fri, 18 Jul 2014 15:34:18 -0500

Most people assume that filing for bankruptcy in Alberta will automatically make them lose any assets that are owned, which is not true. According to the Bankruptcy and Insolvency Act, there are some particular properties that can be protected from being seized and also permits the specific items that are to be set by provincial legislation. This article explains what assets can be kept while claiming bankruptcy in Alberta.

Bankruptcy Advice - Is It the Right Choice?

Wed, 16 Jul 2014 07:19:57 -0500

Thousands of people and companies declare bankruptcy each and every year, but is it the right choice for you? Without professional bankruptcy advice and learning what it entails, the benefits and disadvantages, it is very difficult to determine if this is the right solution for you moving forward.

What You Need to Know When You Filing for Bankruptcy

Wed, 16 Jul 2014 07:13:58 -0500

Thousands of private individuals read up on bankruptcy information on a monthly basis. It's not only companies that choose this option when they find themselves in financial difficulty.

How to Claim Bankruptcy in British Columbia

Tue, 15 Jul 2014 13:37:48 -0500

The biggest worry for people who want to file for bankruptcy is whether they will lose everything if they file for bankruptcy. In British Columbia, this is not the case as for the law here gives every victim a chance to have a new start. Find out where to start and what assets can be kept while you claim bankruptcy in BC.

Financial Difficulty Within Corporations

Fri, 11 Jul 2014 15:42:08 -0500

A brief overview of chapter 11 and chapter 7 bankruptcy. Along with an explanation of what secured, general unsecured, and creditors with priority are.

Your Creditors In Bankruptcy

Wed, 25 Jun 2014 09:35:12 -0500

If you are like most debtors, dealing with creditors and collections is the straw that makes a bad situation, worse. Threats of repossession, credit damage, and constant phone calls often push people to the point of wanting to give up. Luckily, there are ways to stop credit collections and hand over the responsibility of dealing with creditors.

What to Expect When You File For Bankruptcy

Mon, 16 Jun 2014 09:56:03 -0500

It can be a very difficult and stressful time in your life when you make the decision to file for bankruptcy. Many people every year must do the same thing in order to financially start all over again, so you are not alone in your concerns.

6 Ways to Know If You Are in Financial Danger

Mon, 16 Jun 2014 09:54:24 -0500

Life moves by very quickly, and before you know it you could be caught up in some serious financial trouble. If you have been thinking about drastic solutions to your financial problems, you need to make sure that you are in as serious trouble as you think you are.

Seek Appropriate Bankruptcy Help Before Choosing It As A Debt Solution

Fri, 06 Jun 2014 08:34:56 -0500

While bankruptcy can be a significant legal option during times when you are struggling with huge debt burdens, appropriate bankruptcy help from expert legal advisors is required to determine if it is suitable in your circumstances. Dealing with an outrageous debt situation can be quite a difficult task, especially when you are not aware of the most appropriate debt solution for you.