bankruptcy blog

Consumer debt is on the rise as the credit card debt in the United States increases. Debt settlement agencies continue to grow as people search for financial relief. Many debt settlement agencies are legitimate and could help debtors pay off the debt at a possibly reduced rate. Other agencies may be less helpful, and you  … Read more

When you realize you will not be able to catch up on your debt and are looking for answers about your bankruptcy, you may consider saving the lawyer fees by representing yourself. You are legally allowed to handle your own bankruptcy case in court. You can also legally perform your own dentistry, the question is,  … Read more

The bankruptcy code has two chapters for personal bankruptcy, Chapter 7 “liquidation” and Chapter 13 “reorganization” bankruptcy. An experienced bankruptcy attorney can help you determine which type is best for your unique situation. Chapter 7 Chapter 7 is bankruptcy in its simplest form. Chapter 7 is also called regular, straight, or liquidation bankruptcy. You can  … Read more

If you are considering bankruptcy and you’re self-employed, you may have more paperwork involved than the average filer. Proof of income will be your biggest challenge to provide to the bankruptcy court. If your figures are inaccurate, the judge may believe you are attempting to defraud the bankruptcy system. The court will need accurate income  … Read more

Before you can file for bankruptcy, you must attend a credit counseling court by a bankruptcy court-approved provider. You can find these providers listed on the US bankruptcy court website. When you complete the course, you will receive a certificate for you to file with the bankruptcy court with your bankruptcy petition. Counseling Certificate The  … Read more

In the United States, we are afforded legal protection when we file bankruptcy. The law allows us to eliminate our debt and relieve our financial burden. We can file Chapter 7 liquidation bankruptcy or Chapter 13 reorganization bankruptcy as an individual or with a spouse. Where problems can come from is if you either intentionally  … Read more

When people get into financial trouble and operate a small business, they may wonder what will happen to the business. Whether or not you wish to continue operating the business will determine the type of bankruptcy you should file. Chapter 7 Chapter 7 bankruptcy can be filed both for yourself or your small business. If  … Read more

Former homeowners in the United States who thought they were avoiding foreclosure by arranging a short sale are now receiving notices that they owe the remaining balance on their original home loan. Short sales can occur months or years before receiving notifications of additional amounts due. When your home has been foreclosed on and auctioned  … Read more