bankruptcy blog

Quite often individuals that have run into financial problems have become so down trodden by their financial situation that they make no attempts to try and get their finances under control. They feel that it is a hopeless case and get to the point where they may even be facing foreclosures. The Credit Crunch The  … Read more

One of the reasons that many people put off looking at bankruptcy as the option to giving them a fresh financial start is simply because they’re worried about the legal fees that are going to be incurred because of the bankruptcy. Money Well Spent The bankruptcy courts require a payment of $200 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

If your business is running into financial difficulty there may be a chance that you are speaking to other business associates about this who they themselves have used a bankruptcy to assist them to get back on their feet. What needs to be remembered is that every bankruptcy action is different and there are various  … Read more

When you are filing for bankruptcy it doesn’t matter whether it’s a Chapter 13 or Chapter 7 you have a lot of information that you must provide to the bankruptcy courts. You have to give a list of all of your debtors that you want included in your Houston bankruptcy. The rules are different for  … Read more

Most individuals that are facing a load of debt aren’t really concerned about the type of debt that they have. To them debt is a debt and using bankruptcy as a form of debt relief is the choice that many are making. It is during this process that they begin to understand that there are  … 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

A bankruptcy discharge is the ultimate goal that you want to reach with your bankruptcy action. What this means is that you have met all of the criteria that has been placed upon you by the bankruptcy courts as a debtor. If you have been involved in a Chapter 13 bankruptcy this means that you  … Read more

When you are going through a bankruptcy process there are many different terms that you are going to hear and have to understand as they apply to your particular bankruptcy case. One term that you do not want to have to deal with is what is called a bankruptcy dismissal. This means that your bankruptcy  … Read more