• Be Alert For These Three Bankruptcy Hold-Ups

    If you've been viewing a bankruptcy filing with an increasing sense of inevitability, you may need to consider a few issues before you file. The below issues should not prevent you from filing but you may need to do a bit more work before you do file if they apply to you. Time Elapsed Between Bankruptcies The U.S. Bankruptcy Courts allow filers to file as many times as they need to. [Read More]

  • Is It Time To Make An Appointment With A Bankruptcy Law Firm?

    If you have been toying around with the idea of filing for bankruptcy but you are not yet sure as to whether that would be the right move for you, you will want to keep reading. By taking a few moments to examine the following points, you will be able to figure out if it is indeed time for you to make an appointment with a local bankruptcy law firm. Here are those points: [Read More]

  • Considering Bankruptcy? Avoid Making These 3 Mistakes Before You File

    Financial stress can take a lot out of you. Calls from creditors and worries about your financial health and future can create a lot of anxiety, and you may feel desperate to relieve the pressure. Filing for bankruptcy can take some of the weight off of your shoulders. While a bankruptcy filing isn't great for your credit, it can be preferable to drowning in debt and can give you the chance to make a clean start. [Read More]

  • Don't Go To Court For Your Personal Injury Case Without Knowing These Four Things

    For those injured in a car wreck that was not their fault, being offered a fair and substantial settlement from the insurance company is the best-case scenario. Sometimes, however, despite the best efforts of your personal injury attorney, you may find yourself in court. While it's certainly true that you can trust your attorney to do an excellent job representing you, you should not take a back seat to the process. [Read More]

  • Why Would Anyone Use Chapter 13 Bankruptcy Instead Of Chapter 7?

    Chapter 7 bankruptcy allows you to get rid of the debts you owe without repaying them, while Chapter 13 requires you to repay the debts you owe. This is a huge difference in the way each type works, which may make you wonder why anyone would choose Chapter 13 over Chapter 7 bankruptcy. Here are three good reasons that explain why people use Chapter 13 instead of Chapter 7. They Do Not Qualify For Chapter 7 [Read More]

  • Vehicles And Bankruptcy: What Are Your Options?

    A lot of people who are struggling financially find themselves faced with a car payment that's unmanageable. Worse, they are often "upside down" in the vehicle, owing far more than the vehicle is actually worth. What are your options for dealing with a vehicle like this under bankruptcy laws? Option 1: Surrender While it might not be your first choice, surrendering the vehicle is the easiest option. You can return the vehicle directly to the lender and discharge the remaining debt through your bankruptcy. [Read More]

  • Payday Loans And Bankruptcy: Can They Be Discharged?

    For those undergoing financial troubles, desperation may drive you to seek some fast cash from a payday loan store to make ends meet. Unfortunately, those same financial troubles could have you seeking further relief in bankruptcy court, where you hope to have all or most of your debt burden forgiven, or discharged, through a federal chapter 7 filing. Most unsecured debt can be discharged, but you may have questions about your payday loan in particular, which often comes with crippling interest rates and fees. [Read More]

  • Protect Yourself From Fake Debt Collectors

    If you've fallen behind on your bills, you are likely experiencing the relentless pursuit of past-due amounts by your creditors and collection agencies. These agencies can be extremely aggressive, since they only get paid if they collect some money from you. Even collection agencies that follow the rules can make your life miserable, leading you to consider bankruptcy as a solution. If your financial difficulties have led to collections calls, you may also be vulnerable to fake debt collectors. [Read More]

  • Will Your Boss Find Out About Your Bankruptcy (And Does It Matter)?

    The high cost of divorce and the inability to handle debts incurred during the marriage and two separate households drive a lot of recently divorced people into bankruptcy, even when they have good jobs. That can put additional stress on you if you're trying to keep your private life out of the office. A lot of people worry about how bankruptcy will look to their bosses and what will happen if their employer finds out that they've been drowning in debt. [Read More]

  • Understanding The Bankruptcy Trustee's Unique Powers

    There are two main goals in any bankruptcy proceeding filed by an individual. The first is to provide debt relief to a struggling consumer whose misfortunes have made him or her unable to repay a debt. The second is to make sure that all of the debtor's creditors are treated fairly and that no one creditor receives special treatment. In order to make sure that all creditors are treated equally, the law gives bankruptcy trustees some unusual powers that you should understand before you file. [Read More]