Facing Bankruptcy
If you face the possibility of bankruptcy you should first seek alternative solutions as soon as possible through either an individual voluntary arrangement or via a debt management plan. Bankruptcy carries a bad stigma and is a traumatic experience especially as it involves going public with your financial situation. But remember bankruptcy is just […]

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Are you finding yourself falling behind in your monthly credit card bills? Are you struggling to learn how to deal with debt collectors or how to consolidate credit card debt? Well, welcome to the club. Unfortunately, far too many Americans find themselves buried in excessive credit card debt, as well as other kinds of debt. […]

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Chapter 13 bankruptcy is often referred to as a wage earner’s plan. It enables individuals with regular income to develop a plan to repay all or part of their debts. Individuals who have regular income and want to pay their debts but cannot do so in a timely manner can use this chapter.

Under chapter 13, […]

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The decision to file bankruptcy can be a tough one, and should not be taken lightly. The long-term repercussions to this quick financial solution may outlast the length of the original problem. Thus, people may vacillate between struggling to pay their debt and getting instant relief from the pressures of the endless collection agency calls.
Once […]

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Filing a bankruptcy claim can be a very stressful procedure, specially when you do not really know what chapter to file for. And now with the new law, some individuals will not even have the chance to choose, they will either qualify for both chapters or just for Chapter 13. The idea behind this measure […]

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Proposed Change in Bankruptcy Laws Has Unclear Impact on Important TILA Claims - Are the Banks Influencing Congress Too Much?
Important legislation is pending that is apparently being pushed forward on a rush basis. The proposed legislation is entitled, “Helping Families Save Their Homes in Bankruptcy Act of 2009″. The primary affect of the proposed legislation […]

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At some point after the completion of your bankruptcy proceedings you will one day want to get a loan or refinance current debts. With the valuable lessons learned from the past, this should make you financially weary. We will go over the steps you’ll need to take to get back on track, if […]

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Many people don’t realize that there are 6 types of bankruptcy chapters. Not all apply to the average individual, but this information may be of interest to you now or sometime in the future.
Under the United States Code, there are actually 6 types of bankruptcy chapters entitled under the Federal Bankruptcy Code. Below you will […]

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Bankruptcy is on the rise thanks to the credit crisis affecting the US, Britain and most of Europe. However, many people are filing for bankruptcy without knowing the full story. This article explodes some bankruptcy myths.
Myth 1: You can Keep Inherited Money
If you come into any money while bankrupt, whether it be inherited or won, […]

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We begin with the creation of the automatic stay. The stay is automatically created at the time of bankruptcy filing.
The automatic stay is actually a unique feature. If a creditor attempts to collect from the debtor in any way after the bankruptcy was filed and the automatic stay was enacted, the court can undo creditor’s […]

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