Posts

  • Why The Type Of Bankruptcy Matters

    When bankruptcy lawyers talk with potential filers, one of the first issues usually covers what type of filing is necessary. Choosing might not seem like a huge problem, especially given you can only pick one of two types. However, you should discuss the choices with a bankruptcy attorney before filing. Two Types First, you should understand what the two kinds of bankruptcy cases are. These are liquidation and restructuring cases. Liquidation is what people generally know as Chapter 7. [Read More]

  • 5 Ways A Bankruptcy Attorney Can Protect Your Cash Accounts

    If you're thinking about filing for bankruptcy, you may have questions about how the process will affect your cash accounts — i.e., your checking and savings accounts, CDs, etc. Your bankruptcy attorney can help ensure that your money and property are safe during the proceedings, either by placing them in what's called an exempt account or by structuring them so that your creditors won't touch them during the proceedings. Here are five ways a bankruptcy attorney can protect your cash accounts during the bankruptcy process. [Read More]

  • 4 Ways To Help Your Chapter 7 Bankruptcy Case Run Smoothly

    If you decide to seek professional help for your debt problems by visiting a bankruptcy lawyer, you can learn a lot about your options. Choosing Chapter 7 bankruptcy is one option to find the relief you need, and it can help a lot. If you decide to use bankruptcy, you might wonder what you can do to ensure that the case runs smoothly. Here are four ideas of things that you can do to ensure a smoother bankruptcy case. [Read More]

  • A Breakdown of the Chapter 7 Bankruptcy Process

    Are you ready to ask an expert to help you with your financial issues? If you are drowning in debt and cannot get out yourself, you might want to visit a bankruptcy lawyer. A bankruptcy lawyer can review your financial situation to see what options might work well for you. Chapter 7 is one of the best options for getting out of debt, and here is a breakdown of how it works. [Read More]

  • Who Is Your Bankruptcy Trustee And Why Do They Matter?

    Almost all bankruptcy fillings result in the assignment of a bankruptcy trustee to oversee a filer's case. (In two states, these leadership positions are filled by a bankruptcy administrator with the duties being similar to that of the trustee). Read below to find out more about the role trustees play in bankruptcy proceedings. Scrutinizing Your Filing – One of the primary responsibilities of the trustee is to check over the bankruptcy paperwork for errors and discrepancies. [Read More]

  • Filing For Chapter 7 Bankruptcy? Don't Make These Mistakes

    If you have decided to use bankruptcy to get yourself out of a tough financial situation, know that you only have one chance to do it right. Don't make these mistakes when using Chapter 7 bankruptcy. Forgetting To List All Creditors All debts and creditors must be listed on your bankruptcy petition in order for your debts to be discharged. If you accidentally leave a debt or creditor off of that petition, you will still be responsible for paying it back after your bankruptcy is finalized. [Read More]

  • How Deep Should Your Debt Load Be Before You File Chapter 7?

    Everyone goes through difficult times when it comes to paying bills. Unexpected medical bills or a car repair leaves even the best-prepared people in a tight spot. Unfortunately, those unexpected bills can cause a domino effect on your financial situation and lead to a month-to-month financial meltdown. If you have considered the bankruptcy question, you are not alone. Many people wonder how much debt they can take on before they declare a chapter 7 bankruptcy. [Read More]

  • Faltering Financially And Considering Bankruptcy? Helpful Advice You Need Now

    Financial stress is known to be one of the leading causes of relationship problems, as well as a potential contributing factor for depression and substance abuse problems for many Americans today. Filing for protection in bankruptcy court is a legal option available to individuals, couples, and businesses, who find themselves burdened with debts they are unable to pay. At first glance, bankruptcy protection can seem like the ultimate solution for those who have grown weary of struggling to pay off debt, but there are some important facts about bankruptcy that must also be considered before taking this type of serious legal action. [Read More]

  • Three Things You Should Know About How Bankruptcy Relates To A Foreclosure

    If you have fallen behind in your mortgage payments and believe your home will be going into foreclosure or it is already in foreclosure, you may think that a bankruptcy is your salvation. But people have misconceptions regarding what a bankruptcy can do in a foreclosure. The following are a few things you should know. It will stop the foreclosure Although most people understand this, what is not as well known is that the halt to a foreclosure is only temporary. [Read More]

  • Do You Have A Complicated Bankruptcy?

    People from all walks of life end up needing the relief a bankruptcy can provide for them. Many consumers get in over their heads with credit card debt or medical bills. Others still suffer from huge financial losses with their investments, lose their jobs or suffer from an expensive divorce. The dollar amount of your bankruptcy plays just one part in how fast your case closes and how much it will cost you to file bankruptcy. [Read More]