Blog Category: Bankruptcy Information

Many people that are in a financial mess are dealing with a lot of emotions that come with this type of problem. They are embarrassed, frustrated and disheartened. Friends and family may encourage them to go bankrupt and lead them to believe that this is a easy process that they can do themselves. It has  … Read more

You may think that you are at the mercy of the bankruptcy courts, and without the help of a good bankruptcy lawyer you basically are. The proof of claims have to be scrutinized on your behalf. They can be challenged on some inconsistencies or inaccuracies. This can be done by your lawyer on your behalf,  … Read more

As soon as your creditors get wind that you are filing for bankruptcy they will prepare what is called a proof of claim. This is a formal written statement that is given to the bankruptcy court, as well as you the debtor and your bankruptcy trustee. It will also be given to any other third  … Read more

When an individual is contemplating bankruptcy they are highly concerned as to what they are going to lose. One of the reasons they are even thinking about this type of debt relief is so they won’t lose everything. If a bankruptcy means that everything is going to be repossessed then what is the point of  … Read more

It seems a little ironic that when an individual has to go bankrupt that it is going to cost them extra to do so. There are bankruptcy fees that have to be paid. You may have heard that you can apply for a waiver, but before doing this give it some careful thought. Court Fees  … Read more

Two of the major concerns that an individual has when going bankrupt is what is going to happen to all of the debt, and what is going to happen to all of the assets? Which bankruptcy you file for will determine the answers to both of these major questions, and the outcome will be much  … Read more

Nobody likes the thought of going bankrupt and based on this they will put off seeking out a bankruptcy attorney to the last possible moment. Many people realize long before this that there just simply are no options open to them to help them with their heavy debt load. If it has gotten to the  … Read more

Bankruptcy has long had the stigma of being a last resort, and an admission of failure for a business. This is simply untrue. Bankruptcy is often a useful tool for climbing out of the financial holes that debt has left people in, helping them start a new chapter in their lives. If you need a  … Read more

For many people eligible for bankruptcy, the associated stigma keeps them from filing – and from receiving much-needed financial relief. Although the stigma varies depending on each individual case, it’s important to weigh the pros and cons of filing. You’ll probably discover that the pros outweigh the cons. The positive outcome of starting fresh with  … Read more

Bankruptcy has a stigma for being a sign of defeat and a terrible stain on a business’ or individual’s credit history. However, bankruptcy is often the wisest economic decision a company or individual can make. The following are a few reasons to consider bankruptcy: Your debts are sending you deeper into debt. If the money  … Read more