Bankruptcy Archives - Reglement legal

Bankruptcy

Who files chapter 9 bankruptcy?

ByMonicaJune 6, 2020April 17, 2020

A Regelment-Legal bankruptcy attorney answers the question Who Files for Chapter 9 Bankruptcy? Chapter 9 of the Bankruptcy Code is reserved only for municipalities that want to file bankruptcy. How is a municipality defined? Municipalities that file chapter 9 must meet the definition in the bankruptcy code. The bankruptcy code defines municipalities as a “political […]

Bankruptcy

How Will Bankruptcy Help Debt Relief?

ByMonicaMay 30, 2020April 17, 2020

A Reglement-Legal Attorney discusses how filing bankruptcy will create debt relief… What types of bankruptcy are offered to individuals? For individuals seeking debt relief, the bankruptcy code provides for several different methods for filing, depending on the individual’s financial situation. The most common types of cases filed are those in chapter 7 (liquidation) and chapter […]

Bankruptcy

Three Things To Know about Chapter 9 Bankruptcy

ByMonicaMay 22, 2020April 17, 2020

A Reglement-Legal attorney gives three facts you should know about Chapter 9 bankruptcy. 1. Only municipalities can file for ch.9 bankruptcy under federal government laws. Cities and towns who are in trouble with debt load are seeking protection from their creditors. It is nearly impossible for a creditor to collect on a debt or even […]

Bankruptcy

Five Reasons You Should File Bankruptcy

ByMonicaMay 16, 2020April 17, 2020

Filing for bankruptcy isn’t a simple decision but sometimes it must be done. There are variety of things that enter the choice for filing and only you’ll determine if your situation falls into one among the categories. Below are five reasons why some people prefer to file for bankruptcy. Loss of Employment A recent study […]

Bankruptcy

Five Tips for Choosing a Foreclsoure Attorney

ByMonicaMay 8, 2020April 17, 2020

When you need an attorney, it’s important to choose the right one. Not all attorneys are created equally, and a good foreclosure attorney can save you a lot of trouble. Here are tips for choosing the right one. 1. Experience matters Look to someone with experience to handle a complicated situation. Foreclosures are complicated, so […]

Bankruptcy

What You Need to Know About Bankruptcy

ByMonicaApril 30, 2020April 9, 2020

If used properly bankruptcy are often of great assistance to a private that finds themselves during a negative financial situation. this sort of protection is defined as an inability of people to pay his or her creditors, or the hindrance of the power of a private to pay his or her creditors. Individuals, who seek […]

Bankruptcy

Who Files for Bankruptcy?

ByMonicaApril 24, 2020April 9, 2020

All kinds of people from all walks of life, file for bankruptcy. Over 1.5 million people from last year, filed for non-business bankruptcy. It is a very tough, agonizing decision an individual makes when deciding whether to file or not. Usually when one decides to file, they are overwhelmed with debt. Their financial resources cannot […]

Bankruptcy

Bankruptcy Can Improve Your Credit Score By Eliminating Debt

ByMonicaApril 16, 2020April 9, 2020

There’s a persisting myth that bankruptcy will ruin your credit score for good. But with more middle class Americans than ever filing for bankruptcy, it’s a myth that’s hopefully about to come to an end. Millions of folks who are unemployed or at risk of foreclosure are turning to bankruptcy for a fresh financial start. […]

Bankruptcy

Bankruptcy Myths Help Keep Consumers in Debt

ByMonicaApril 8, 2020April 9, 2020

A little mystery can be a good thing, at least when it comes to relationships, birthday presents and detective novels. But when it comes to your finances? Not so much. For many folks, bankruptcy represents the unknown. We have a hunch that it could drastically lower our debt, but we continue to avoid it for […]

Bankruptcy

Why More Senior Citizens Are Filing For Bankruptcy In Retirement

ByMonicaMarch 31, 2020April 9, 2020

I always thought senior citizens spent their retirement golfing and gardening. Turns out they spend it much like the rest of us – stressing over how to pay growing bills. Since the recession began, the number of senior citizens filing for bankruptcy has skyrocketed. Expensive prescriptions, decreasing home values and stock market crashes have left […]

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