bankruptcy blog

There are some individuals who have reached their senior years that still have substantial debt. Now they are retired they do not have the funds coming in to pay down these debts and this has left them in a serious financial situation. The one thing they do have in their favor is that their home  … Read more

A Chapter 13 bankruptcy is a pre-approved repayment plan administered by a qualified bankruptcy trustee after a court has determined that an individual qualifies for this type of protection. The repayment plan is designed to allow creditors to recoup their money from a debtor over a pre-determined period of time, usually 3 to 5 years.  … Read more

One of the reasons that many individuals end up seeking out bankruptcy help is because of the incessant pressure that they are put under by those that they owe money to. It can be most stressful and overwhelming when creditors are on the hunt for their money. They will go about trying collections in many  … 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

When individuals run into really serious financial problems one of the biggest fears they have is losing their home. They automatically assume that if they are going into a bankruptcy that they will most definitely lose their residence. This is not necessarily the case and before making any decisions regarding your bankruptcy you really should  … Read more

When you have decided to go bankrupt there is a lot that you are going to learn about this process. The first thing that you have to realize is that while bankruptcy is an excellent form of debt relief it can be a very complex process. For this reason you want to make sure that  … Read more

If you are in a tough financial situation, serious matters that you need to be concerned about are court issued judgments.Often creditors will hound you for a period of time through phone calls and mail but when this doesn’t work than they may resort to the courts to get action for the repayment that you  … Read more

Most individuals turn to the Chapter 7 or Chapter 13 bankruptcy to help them get back on their financial feet again. While this can be a most stressful procedure, utilizing the services of a qualified attorney will make the process much easier to handle. There are times however, when a bankruptcy case can be denied.  … 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