In some ways, your financial fresh start occurs the moment you file for bankruptcy, as your creditors are immediately prevented from taking actions against you or your property to collect their debts. The debts are then officially wiped out when you … [Read more...]
Stopping a Home Foreclosure with Bankruptcy
Bankruptcy and Foreclosure Proceedings If you are struggling to meet your financial obligations, and have fallen behind on your mortgage payments, you may be worried about a foreclosure proceeding and the loss of your home. You may be considering … [Read more...]
The Automatic Stay in Bankruptcy
The Benefit of the Automatic Stay in Bankruptcy The federal bankruptcy laws were enacted to give individuals and business owners a way to get a fresh financial start. But Congress also recognized the need to provide relief from aggressive collection … [Read more...]
The Two Most Common Personal Bankruptcy Options
Your Personal Bankruptcy Options If you are considering filing for personal bankruptcy protection, you can easily be confused about the different options available to you. Here are the basic options for obtaining personal bankruptcy … [Read more...]
The Floating Check Controversy
At the moment you file a Chapter 7 Bankruptcy, all your nonexempt cash and non-cash property technically becomes part of the bankruptcy estate. An interesting question arises concerning the funds in checking and other Demand Deposit Accounts … [Read more...]
How Long Will a Bankruptcy Affect My Credit?
How Long Will a Bankruptcy Filing Impact Your Credit? If you have opted for bankruptcy as a way to get your finances under control, you may be wondering how long the bankruptcy filing will remain on your credit report, and how long it will have an … [Read more...]
How Come I Can Be Thrown in Jail for Not Paying Child Support If I’m in Bankruptcy
Bankruptcy and Delinquent Child Support Payments You are behind on all your bills, including your child support. Maybe you lost your job, maybe you’ve had a difficult time getting back on your feet after a divorce or maybe you’ve been sick or hurt. … [Read more...]
Questions to Ask Your Lawyer About Bankruptcy
Considering Filing for Bankruptcy? Here Are the Questions to Ask Your Bankruptcy Lawyer You’ve been working hard to get your financial life back in order, but still can’t see any light at the end of the tunnel. You’re thinking maybe it’s time to … [Read more...]
What Is the Difference Between Chapter 7 and Chapter 13 Bankruptcy?
Deciding Between a Chapter 7 and a Chapter 13 Bankruptcy Filing If you’ve concluded that the best (or only) way out of your current financial predicament is to seek protection in bankruptcy, your next step is to determine which direction you want to … [Read more...]
Feeling Good about Starting Over Debt Free
You Have the Right to Feel Good After Filing for Bankruptcy Protection Bankruptcy has gotten a bad rap. The media likes to portray celebrities who file for bankruptcy as failures, people who had it all and messed it up. Of course, the implication is … [Read more...]
