Blog Category: Bankruptcy Information

One of the important factors that you’re going to find out about when you have decided to go ahead with the bankruptcy petition is that there are many different forms that have to be filled out. You also have to realize that the bankruptcy laws are different for each state so it is important that  … Read more

As an individual that has run into dire financial difficulties and also being a homeowner naturally your first concern is going to be what is going to happen to your home. You may be on the brink where foreclosure is going to take place and you are trying to decide whether you should go bankrupt  … Read more

Many people don’t realize that bankruptcies are conducted differently according to the various states. There are federal laws that pertain to bankruptcy as well as state laws. It is important that the individual that is thinking of using this form of debt relief understand what the exemptions may be. Texas Specific Exemptions For those that  … Read more

It may be that if you are filing for a Chapter 7 bankruptcy for your business that the majority of the debts are business debts and you won’t have to go through the means test in order to qualify. There are several different steps that may need to be taken to see which form of  … Read more

There is no doubt that as you proceed through your bankruptcy filing that there are going to be many terms that you don’t understand. One of the most important individuals in your bankruptcy proceeding is going to be either your US trustee or your Bankruptcy Administrator. It is important to understand which of these would  … Read more

You no doubt are pretty well aware of what your debt obligations are and how much money you owe. Most often when individuals are running into financial difficulty they are at risk of losing some of their assets. Many times they have not been able to make their mortgage payments and find that they are  … Read more

Many people have a lot of mixed emotions when they are filing for bankruptcy. Some like to keep it as quiet as possible and dread anyone else finding out about their financial situation. These individuals often worry as to what is going to happen in regards to their personal information being revealed. Privacy Policy They  … Read more

Many people are under the impression that bankruptcy is the same no matter what state one lives in or is applying for bankruptcy. This is not the case as each state has their own rules and regulations that they follow for this type of financial relief. There are federal laws in place as well as  … Read more

Your bankruptcy case will eventually come to a close. This means the bankruptcy court will close your case. This will happen if you have completed all of your bankruptcy responsibilities and you have received a bankruptcy discharge. Or it may happen that your file is closed because it was dismissed because you did not meet  … Read more

It isn’t just individuals who sometimes find a need for going bankrupt. Many small businesses after struggling financially for a period of time find that they have no other choice but to rely on this form of debt relief. If you feel that your business has no other option but to file for bankruptcy then  … Read more