bankruptcy blog

When you decide you need to file bankruptcy; you may consider saving money by filing your paperwork on your own. You can usually find a packet of forms over the internet to print off for filing bankruptcy. Legally you can also represent yourself in court and not pay a bankruptcy lawyer. The question is, should  … Read more

Bankruptcy is a process under federal law for debtors who owe more than they can pay. Bankruptcy can either eliminate your debt or let you work out a plan to pay it back over time. Bankruptcy helps you get back on your feet, giving you the fresh start you need. The United States Bankruptcy code  … Read more

Some people worry that if they file bankruptcy, they will lose the ability to ever get credit. While it is true, when you file bankruptcy it can stay on your credit report for up to ten years. It is also true if you do nothing and you don’t pay your bills, those negative marks will  … Read more

The purpose of bankruptcy is to give honest, hard-working people a chance to get debt relief and get a fresh start. The majority of Americans filing bankruptcy use this as a last resort to keep their homes or their vehicles. A common misconception is that people that file bankruptcy either squandered their money or bought  … Read more

A car payment is one of the more common types of secured loans. Most of us enjoy having access to transportation whenever we want it. We need to be able to get to our jobs, school, grocery stores, and doctors easily. Having a lifestyle that allows us access to transportation usually comes with a car  … Read more

By using the process of foreclosure, a lender can take possession of a home that the homeowner has fallen behind in payments. This action can vary by state, and the process can take as little as one month or up to seven months to complete. Bankruptcy slows or even stops foreclosure and allows you to  … Read more

Most consumer debt can be considered either secured or unsecured debt. Secured debt usually has collateral attached to it. The most common types of secured debt are a home and mortgage and a car and car note. Unsecured debt is basically a promise to pay. These types of debt include credit cards, medical bills, payday  … Read more

Bankruptcy lawyers are regular attorneys that specialize in bankruptcy law. You can contract a lawyer to handle all of your bankruptcy case for you.   A bankruptcy lawyer will:  Make sure all of your paperwork is filed correctly and on time. Will help you devise a payment plan that the judge will approve. Your lawyer will  … Read more

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

The most common objection in your Chapter 13 bankruptcy plan is that the plan is not in good faith. This is where the creditor feels you either are unable to make the payments or that you were not honest in your filing. Not Feasible The second most common objection from a creditor is that the  … Read more