bankruptcy blog

When an individual is contemplating bankruptcy they are highly concerned as to what they are going to lose. One of the reasons they are even thinking about this type of debt relief is so they won’t lose everything. If a bankruptcy means that everything is going to be repossessed then what is the point of  … Read more

One of the biggest questions that come up when an individual is thinking about filing a Chapter 13 Bankruptcy is if all the creditors have to comply with the Bankruptcy ruling. For debts that are eligible to be handled under this particular bankruptcy the answer is YES. Creditors and Debt Once this financial relief action  … Read more

If you are thinking about filing for a Chapter 13 bankruptcy and you are eligible for this type of resolution you really need to understand how it is going to affect your present financial situation but also in the future. It can be overwhelming when going through a bankruptcy process, but if you use an  … Read more

One of the biggest reasons that most people want to go bankrupt is to get their creditors off their backs, and not because they merely don’t want to pay the debt. Creditors can be ruthless and incessant in their collection attempts. Even when they know the individual owing the money has no options to make  … Read more

It seems a little ironic that when an individual has to go bankrupt that it is going to cost them extra to do so. There are bankruptcy fees that have to be paid. You may have heard that you can apply for a waiver, but before doing this give it some careful thought. Court Fees  … Read more

If you are a business that is considering bankruptcy then Chapter 13 is not an option, this also applies to sole proprietorship, but that doesn’t mean that because you are a business owner you can’t apply for Chapter 13 bankruptcy. Dealing With Certain Debts If you do have debts from your business that you are  … Read more

When most individuals are at the end of their rope with their financial situation they may have no other alternative but to think about going bankrupt. While many different types of debt can lead them into having to make this decision, often one of the major ones is their tax debt. What they may not  … Read more

Two of the major concerns that an individual has when going bankrupt is what is going to happen to all of the debt, and what is going to happen to all of the assets? Which bankruptcy you file for will determine the answers to both of these major questions, and the outcome will be much  … Read more

One thing that you can count on is that your tax refund is going to be something of interest to your bankruptcy trustee. Each state has their own specific rulings when it comes to asset exemptions, and usually its cash that falls into this category. Naturally you don’t get your tax refund by way of  … Read more

No one should ever enter into bankruptcy proceedings without a full understanding of what it entails. There are some that think that under a Chapter 7 Bankruptcy that all of their debt will be totally wiped away and none of their assets will be at risk. The first step is to seek out the advice  … Read more