bankruptcy blog

In the beginning when individuals are seeking out bankruptcy relief they may not realize that there are different chapters of bankruptcy. There is in the Chapter 7 bankruptcy as well as the Chapter 13, and for businesses there is the Chapter 11. Most prefer the Chapter 7 bankruptcy believing that all of their debts are  … Read more

Most people that are filing for bankruptcy are honest individuals that have run into financial difficulty and have no way of rectifying this situation. Then there are some who try to exploit the bankruptcy laws by committing Bankruptcy fraud. Risky Business This can be done in several different ways. Some people try to hide assets  … Read more

Many people have a lot of mixed emotions when they are filing for bankruptcy. Some like to keep it as quiet as possible and dread anyone else finding out about their financial situation. These individuals often worry as to what is going to happen in regards to their personal information being revealed. Privacy Policy They  … Read more

Every state has its own rules when it comes to Bankruptcy. This applies to both the Chapter 7 and Chapter 13 Bankruptcies. There are also Federal laws concerning this. If you are thinking of filing for a Chapter 13 bankruptcy there are several things you need to know. No doubt you are going to be  … Read more

When you are entering into a bankruptcy naturally you have grave concerns as to what is going to happen to your assets. You are also concerned about how your creditors are going to deal with this. One of the most important assets that you may have is your car. You want to know if you  … Read more

When you are filing for bankruptcy in Texas some of your property may be protected from those that that you owe money to. This property is listed on an exemption list. In Texas you have the choice of either using the federal exemptions or the State bankruptcy exemptions. What you want to be sure of  … Read more

Many people are under the impression that bankruptcy is the same no matter what state one lives in or is applying for bankruptcy. This is not the case as each state has their own rules and regulations that they follow for this type of financial relief. There are federal laws in place as well as  … Read more

It is not uncommon for a lot of people to believe that once they have gone bankrupt that their credit rating is ruined for a very long time. It can actually work in the reverse, as in most cases after filing for bankruptcy individuals find that their credit scores are raised. This is because they  … Read more

Some people run into finance problems even after they have gone bankrupt. They then question whether they are allowed to file for bankruptcy a second time. What has to be realized is that there are time limits for bankruptcies, but these apply to bankruptcy discharges and not bankruptcy filings. According to the law you can  … Read more

One of the worse financial predicaments to be in is having the bank foreclose on your house. As soon as the mortgage begins to fall into default most individuals live in the fear of losing their home. This is the time that those in this situation begin to think about bankruptcy. Usually it is immediately  … Read more