Blog Category: Filing bankruptcy


Bankruptcy After Trying Other Alternatives

Bankruptcy After Trying Other Alternatives

When consumers find themselves overwhelmed in debt, they might start looking for ways to get a handle on their finances. If you have tried other avenues and have been unsuccessful, you may want to consider bankruptcy to get a fresh start and a better financial future. Talking to your Creditor Speaking with your creditors can  … Read more

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Filing Bankruptcy

Filing Bankruptcy

Filing bankruptcy can be a difficult financial and emotional issue. People don’t want to admit their debt is out of control. Sometimes they feel like they have failed to meet their responsibilities, and they wait as long as they can before filing bankruptcy and getting debt relief.  Credit Card Debt According to CNBC news, American  … Read more

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For-Profit Debt Counseling and Bankruptcy

For-Profit Debt Counseling and Bankruptcy

It is rarely a good idea to seek the services of for-profit debt counseling. People who are in dire financial situations are easy prey for those that offer credit repair or debt counseling. It is common practice in some debt counseling services to scam the customer or offer high-interest rate consolidation loans as a way  … Read more

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Exemption Planning in Bankruptcy

Exemption Planning in Bankruptcy

You can legally take action to improve your status before filing bankruptcy. This is usually called exemption planning by arranging your assets to claim the maximum amount of exemptions in bankruptcy. The goal of this type of planning is to lose the smallest amount of property to your creditors.  Transfer Property If you transfer large  … Read more

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Timing of Your Bankruptcy

Timing of Your Bankruptcy

If you are at the immediate risk of losing your home either to foreclosure or eviction, your car about to be repossessed, or your utility shut off, you may want to consider filing an emergency bankruptcy. You can submit your bankruptcy petition with just a few minutes of preparation.  Automatic Stay When you file your  … Read more

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Pending Legal Action and Bankruptcy

Pending Legal Action and Bankruptcy

If you have gotten behind in your payments and your debt is getting larger with late fees and penalties, you may want to consider filing bankruptcy. If you are starting to get warning letters of pending legal action regarding your debt, talking to a bankruptcy attorney is a significant step to protect your assets.  Notice  … Read more

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Who Can File Bankruptcy

Who Can File Bankruptcy

Anyone that lives or has a property in the United States has the right to file bankruptcy. Some things that may prevent you from getting a discharge are: If you abuse the bankruptcy system or conduct fraud to get out of paying your debt If you have substantial income that you could pay your creditors  … Read more

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Bankruptcy Petition Preparers

Bankruptcy Petition Preparers

Anyone can be a bankruptcy paperwork preparer, there is no experience or training required. Having a criminal background also does not stop you from being a bankruptcy petition preparer (BPP). Regulations To regulate the BPP the U.S. Trustees office will review all bankruptcy petitions prepared by a BPP. The preparer must include their name, address,  … Read more

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Bankruptcy Plan and Confirmation Hearing

Bankruptcy Plan and Confirmation Hearing

Once you attended the meeting of the creditors, your trustee may have asked you to modify your Chapter 13 bankruptcy repayment plan. Usually, modifications are needed if the trustee does not think you are being fair to your creditors by giving them more from your disposable income. A bankruptcy lawyer can help you with your  … Read more

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Where is the Bankruptcy Court?

Where is the Bankruptcy Court?

Bankruptcy falls under Federal law instead of the state you live in. So you will go to the federal court in your district. The federal court system is divided into judicial districts there will be at least one judicial district is in each state. You can file in whichever district: where you live and maintain  … Read more

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