Learning About The Process Of Filing Bankruptcy

Fake Debt Collectors And Your Finances

24 September 2017

If your financial state of affairs is less than healthy, you may be getting phone calls from bill collection agencies on a constant basis. While you know you have fallen behind on your bills, these debt collectors do have to follow some guidelines about contacting you. For example, they're only allowed to call during certain hours of the day and days of the week. A new problem has arisen with debt collection activities however, that can make the normal collections activities appear relatively tame by comparison.

Passing The Means Test And Bankruptcy

5 April 2017

With a single federal filing, bankruptcy could make many of your debts simply disappear and immediately get the creditors off your back. While this decision should not be taken lightly, you should also spend some time ensuring that this action is going to do what you hope it does. Not everyone qualifies to file, and the sooner you know about the qualifications, the sooner you can take action. Read on to learn about the very specific test you must pass to file for chapter 7 bankruptcy.

How To Prevent A Debtor From Discharging Debt Owed To You

8 April 2015

While chapter 7 bankruptcy offers people struggling with debt a way to get a fresh financial start, that often means creditors who loaned them money must absorb the losses. While large companies can afford to write off unpaid debts, this isn't always true for small businesses or individuals who are owed money by the debtor, especially if the money was obtained by debtor fraudulently. If you want to prevent a bankruptcy petitioner from getting debts the person owes you discharged, here's what you need to do.

3 Things You Should Avoid Doing Before You File For Bankruptcy

13 March 2015

Filing bankruptcy is a huge event, and if you're considering this, there are certain things you should do before you file—and certain things you should not do. Preparing to file for bankruptcy is something you should carefully think about, and you should also seek advice from a bankruptcy attorney before you decide to go through with it. Here are three things you should avoid doing before you file the paperwork.

What You Should Know About Chapter 7 Bankruptcy And Divorce

3 March 2015

Couples who are seeking a divorce are often also experiencing financial difficulties. Chapter 7 bankruptcy can be an attractive option for those navigating the treacherous financial waters involved in the typical divorce, but you should think very hard before you file for divorce and bankruptcy at the same time. The disadvantages of doing so include: Your assets will be frozen as a result of the bankruptcy filing, making it impossible for a judge to divide and distribute them.

Car Repossession And Chapter 13 Bankruptcy: Can You Get Your Car Back Or Prevent The Repossession?

24 February 2015

In 2012, the average U.S. household credit card debt reached an astounding average of $15,950. With the economy struggling, many Americans are having a hard time paying back their debts and reaching financial stability. If you've been falling behind on your car payments, your car may have been repossessed or may be in danger of getting repossessed by the dealership. You can get your car back or prevent the repossession by simply filing for bankruptcy under chapter 13.