Blog Category: Bankruptcy Information

Many people are under the firm impression that by seeking bankruptcy protection they are simply exonerated from any and all debts that have incurred. This is a fallacy that remains very strong even today. There are many types of debt that will not simply be wiped out by going bankrupt. No matter whether you are  … Read more

If you and your partner are both considering seeking bankruptcy protection due to unmanageable debt loads there are some things you need to consider before filing. The main question is whether you should file as a couple in a joint petition or file separate petitions. There are pros and cons to both and there may  … Read more

There are many myths about bankruptcy you may hear floating among conversations by the misinformed. If you are faced with the decision of filing bankruptcy, make sure you are aware of the facts and don’t rely on what your uncle’s cousin’s friend once told you. For those who may be familiar with the concept (and  … Read more

A question that is often asked, especially in the past few years with the amount of house foreclosures in the U.S., is what happens to the balance of monies owed after a foreclosure. Do you still owe money to the bank or lender if they sell the home for less than what you owed on the mortgage? The  … Read more

When individuals get to the state with their finances that they no longer feel in control of them they soon become overwhelmed. They go through many different emotions which include anger, frustration, and sadness, and almost can get to the point where they are despondent over their financial situation. The first step any individual should  … Read more

Most often when individuals start to run into serious financial situations they become heavily concerned about the assets they have and the possibility of losing them. The two major concerns are usually the home and the vehicle. Quite often when there just isn’t enough money to go around then individuals will start to renege on  … Read more

Many individuals that are going through a bankruptcy are really embarrassed about this and often feel that they want to keep it as quiet as possible. The question often arises as to whether they should tell their current employer about their bankruptcy or should they reveal this when they are applying for a new job.  … Read more

In order to know whether your creditors can come after your spouse for the amount owed to them is going to depend on what is included in your bankruptcy estate which is the crux of your bankruptcy. What is most important is that you utilize a qualified and experienced bankruptcy attorney to assist you with  … Read more

When you’re dealing with a bankruptcy you are going to be exposed to a lot of different terms. You are most likely facing a variety of different ways in which creditors are trying to collect their money that you owe them. There is a procedure called order for appearance and examination of the judgment debtor  … Read more

There is no doubt that you are under a great deal of stress if you are at a point where you are considering bankruptcy. Most likely you are being hounded by creditors and you have no viable solutions that you can rely on to help you with your financial situation. This means that you have  … Read more