Bankruptcy Archives - Page 2 of 3

Bankruptcy

What does a Chapter 7 Bankruptcy accomplish?

ByMonicaMarch 23, 2020April 9, 2020

A Chapter 7 Bankruptcy is used to discharge all of your unsecured debt. If you have secured debt (for example, a house loan secured by a mortgage on the house or a car loan secured by a car) you can discharge that as well, but only if you surrender the collateral (i.e., the house or […]

Bankruptcy

Types of Bankruptcy

ByMonicaMarch 14, 2020April 9, 2020

Chapter 7 Otherwise referred to as a “Straight Bankruptcy” or “Liquidation”. In a Ch. 7 Bankruptcy, the debtor can discharge (eliminate the legal obligation to repay) unsecured debts. you’ll be ready to keep valuable assets, as there are some exemptions which will be available to you. But any property that doesn’t meet one among these […]

Bankruptcy

The Grass is Greener After Bankruptcy

ByMonicaMarch 6, 2020January 7, 2020

Many people find the decision to file for personal bankruptcy to be an emotional one. You may be feeling stressed out, disappointed, happy or relieved—or a combination of these emotions. But take heart: Once you’ve emerged from bankruptcy, things will be better. How Bankruptcy Can Help You Filing for bankruptcy allows you to rid yourself of […]

Bankruptcy

Legal Strategies Bankruptcy Attorneys Use to Keep Assets from Creditors

ByMonicaFebruary 27, 2020January 7, 2020

Contrary to popular belief, when you file for personal bankruptcy, you don’t lose everything you own to your creditors. Chapter 7 bankruptcy allows you to keep certain exempt property, such as clothing, retirement accounts, household items and an automobile. Non-exempt property is sold to repay your creditors and most debt that remains is discharged, or forgiven. Chapter 13 bankruptcy potentially […]

Bankruptcy

How Bankruptcy Protection and Foreclosure Defense Intersect

ByMonicaFebruary 19, 2020January 7, 2020

Many homeowners who have fallen behind on their bills and are considering personal bankruptcy protection may also be at risk of losing their homes to foreclosure. If you’re in this position, you may be wondering whether bankruptcy can help you save your home. That’s a good question! You may be able to delay the foreclosure […]

Bankruptcy

Will the Second Obama Term Bring About Bankruptcy Reform?

ByMonicaFebruary 13, 2020January 7, 2020

U.S. bankruptcy laws were last overhauled in 2005. Will another wave of reform occur during President Obama’s second term? Perhaps. Some Groups Already Planning for Bankruptcy Reform Two groups are already looking at how bankruptcy laws and rules can be updated: The American Bankruptcy Institute, which is a trade group for bankruptcy attorneys and other professionals, has assembled […]

Bankruptcy

What To Expect When You Go To Bankruptcy Court

ByMonicaFebruary 5, 2020January 7, 2020

Most bankruptcy debtors are not comfortable going to court hearings for their case. Yet, bankruptcy court appearances are a mandatory component of a debtor’s bankruptcy. In fact, a debtor’s failure to attend hearings will probably lead to case dismissal as a penalty. Bankruptcy Court Is Not to Be Feared The fear and stigma surrounding bankruptcy […]

Bankruptcy

Is It Worse To Have Debt Or To File Bankruptcy

ByMonicaJanuary 30, 2020January 7, 2020

Struggling With Debt Or Filing For Bankruptcy Bankruptcy is still a disturbing word to many people, but it can be a lifesaver. It’s easy to get into serious debt today through no fault of your own. Medical emergencies can run up enormous bills. Credit card finance charges can expand a small purchase into one costing […]

Bankruptcy

Women and Bankruptcy: Getting Back on Your Feet

ByMonicaJanuary 23, 2020January 7, 2020

More than one million Americans will file for personal bankruptcy this year, and about half of those will be women. Divorce, job loss or serious illness can all force a lady into chapter 11 . And it can be challenging to get back on your feet after the bankruptcy, particularly if you’re still coping with […]

Bankruptcy

Things To Consider Before Filing Chapter 7 Bankruptcy

ByMonicaJanuary 17, 2020January 7, 2020

Bankruptcy are often extremely helpful in resolving serious financial challenges. However, it’s not the answer to all or any financial problems neither is it suitable altogether circumstances for everybody . due to the importance of the method and its ramifications for the longer term , it’s prudent to hunt legal counsel to assist navigate the […]

Reglement Legal