Bankruptcy : Business & Finance

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Short Sale-Risks and Benefits

Short Sale-Risks and Benefits

A short sale in real estate isn't often a pleasing transaction. These sales were detested through sellers and averted through purchasers. This type of selling could be unsafe because a short sale will probably go ...
What Bankruptcy Can Do For You (And What it Can't Do)

What Bankruptcy Can Do For You (And What it Can't Do)

While bankruptcy is sometimes the ideal solution for individuals who have buried themselves under excessive debt, it isn't the answer to all debt problems.Unfortunately, not all debts can be completely erased by a bankruptcy- and in some cases, the debts cannot even be reduced or placed in a re
Bankruptcy Can Help People Get On With Their Life

Bankruptcy Can Help People Get On With Their Life

There are always things that happen in people's lives that can cause them problems physically or financially. Sometimes, it can cause problems with both. When this happens, it is difficult to pay creditors so people ...
Can I Put Past-Due Rent in Bankruptcy?

Can I Put Past-Due Rent in Bankruptcy?

If you're experiencing severe financial hardship, filing personal bankruptcy may bring relief for many of those problems. But when it comes to past-due rent and other obligations, such as child support, bankruptcy may only buy you a short period of time during which you can get your financial affair
Credit Debt Bankruptcy - Tips To Find Responsible Debt Settlement Services And Avoid Bankruptcy

Credit Debt Bankruptcy - Tips To Find Responsible Debt Settlement Services And Avoid Bankruptcy

Credit cards play a big role in today's world and the majority of the American society is using a credit card or has used it already. Or else now some are indebted to a credit card company with an over due. When you are indebted you tend to go for a debt relief plan and some prefer bankruptcy.
California Bankruptcy Rules

California Bankruptcy Rules

If you make less than California’s annual median income level and want to permanently discharge your obligation to pay debts, such as credit cards and medical bills, you can file Chapter 7 bankruptcy in a local court, according to the book “How to File for Chapter 7...
Credit Card Bankruptcy - Is It the Right Time For You to File For Bankruptcy?

Credit Card Bankruptcy - Is It the Right Time For You to File For Bankruptcy?

There are several options by which anyone who has incurred some debts and is in trouble paying them can turn to. A common refuge that delinquent borrowers have taken is credit card bankruptcy. This route is preferred by many since it frees them from the financial obligations that are pulling them do
All About Chapter 13 Bankruptcy

All About Chapter 13 Bankruptcy

There are two big types of bankruptcy filing in the United States of America: Chapter 7 and Chapter 13, both parts of the US Bankruptcy code. When it comes to Chapter 13, you might have some questions about the differences, the rules, and the history.
Bankruptcy Isn' The Only Way Out Of Debt

Bankruptcy Isn' The Only Way Out Of Debt

If you are facing personal bankruptcy, you may want to consider looking for alternatives before filing. Filing bankruptcy puts a mark on your credit score that will remain there for at least seven years, if not longer. If you can deal with your debt without filing bankruptcy, you may be able to prot
Debt Collection & Wage Garnishment

Debt Collection & Wage Garnishment

Wage garnishment is one method that debt collectors use to recover funds from individuals who do not submit a payment in response to collection calls and letters. Wage garnishment allows a creditor to collect a debt involuntarily by intercepting a portion of the debtor's wages. Wage garnishment is u
Deciding Which Car You Can Afford

Deciding Which Car You Can Afford

IntroductionWhen looking to buy a new car it can be tempting to purchase the first car that gets your adrenaline going. However, it is important to take in all of your lifestyle and financial factors before signing the papers. You should first sit down and write out what you can afford...
Facts About Filing Chapter 13 Bankruptcy

Facts About Filing Chapter 13 Bankruptcy

Chapter 13 bankruptcy allows people to partially repay their consumer debts under court supervision, according to both the United States Bankruptcy Court and the book "How to File for Chapter 7 Bankruptcy."
Alternatives to Filing Bankruptcy

Alternatives to Filing Bankruptcy

You can negotiate with your creditors yourself. But, you'll definitely have more success if you hire someone with experience in the process.
What Is Bankruptcy Law?

What Is Bankruptcy Law?

Bankruptcy law is the section of the U.S. Code that deals with getting out of debt. By filing bankruptcy, individuals and businesses can "discharge" their debts, wiping them out so their creditors can never collect on them. The bankruptcy courts may require filers to pay off a certain amount of debt
Life After Bankruptcy - How To Avoid Completely Demolishing Your Credit

Life After Bankruptcy - How To Avoid Completely Demolishing Your Credit

Is it possible to file bankruptcy and not completely demolish your credit? We have all heard of the guy who just filed bankruptcy and was actually able to purchase a car within a reasonable amount of time after. How can this be? In this article we will discuss how filing for bankruptcy can totally r
Will Some Debts Be Discharged in a Chapter 13?

Will Some Debts Be Discharged in a Chapter 13?

If you file a Chapter 13 bankruptcy, you're required to repay some money to your creditors. How much you pay depends upon the type of debt, whether you have non-exempt property, and how much you can afford. Chapter 13 does provide a discharge if you complete your plan as required.
Bankruptcy Lingo - What is a 341 Meeting?

Bankruptcy Lingo - What is a 341 Meeting?

One of the difficult parts of navigating a bankruptcy filing is learning all of the various legal and financial terms used by your lawyer and the court.If you end up filing bankruptcy, you'll experience something known as the 341 meeting.
Do You Need an Attorney to File Chapter 7?

Do You Need an Attorney to File Chapter 7?

Bankruptcy is a legal process that provides a fresh financial start to honest but unfortunate debtors who are unable to pay their debt obligations. The U.S. Constitution places the right and responsibility for creating bankruptcy laws on Congress; thus, all bankruptcy cases are heard in federal cour
Bankruptcy is the Best Debt Relief Option, Right? Wrong! Use Debt Settlement

Bankruptcy is the Best Debt Relief Option, Right? Wrong! Use Debt Settlement

There are many experts who advise pensioners and other persons with fixed and steady income to opt for bankruptcy to overcome all their debt problems. On the face of it, this solution seems to be the ideal one. There is no need for you to run after your creditors and convince them to give you a waiv
The Bankruptcy Trustee and His Role

The Bankruptcy Trustee and His Role

When you file for bankruptcy, you will be assigned a bankruptcy trustee. The trustee is the most important person that you will be dealing with while your bankruptcy is ongoing.