I have often heard from individual’s considering filing bankruptcy they do want to do this because they will never get credit again. That is not true. Most individuals who file bankruptcy can be educated how to reobtain their credit within 18 months … [Read more...]
How a Chapter 13 Bankruptcy Actually Works
A Chapter 13 bankruptcy actually starts to work when the debtor files a petition. The petition includes schedules, a statement of financial affairs and a counseling certificate by an accredited bankruptcy counseling organization. The debtor must … [Read more...]
The Chapter 13 Bankruptcy
A Chapter 13 bankruptcy is a reorganization of an individual’s or of a husband and wife’s debts. Many Chapter 13 bankruptcies are filed by individuals who are behind on the their mortgage payments or car loans. This can help them modify their … [Read more...]
The Chapter 7 Bankruptcy Process
Once a Chapter 7 bankruptcy is filed on the debtors behalf the United States Bankruptcy Court appoints a trustee. The court, upon filing of the bankruptcy, gives the debtor an automatic stay. This is a federal court order which cause all collection … [Read more...]
The Chapter 7 Bankruptcy
How It Works The first step in a Chapter 7 bankruptcy is the debtor files a bankruptcy petition. In addition the debtor must file schedules of assets and liabilities; schedules involving monthly income and expenditures made by the debtor; a … [Read more...]
The Chapter 7 Bankruptcy
A Chapter 7 bankruptcy is the most commonly filed bankruptcy in the United States. A Chapter 7 bankruptcy allows the debtor the opportunity stop a home foreclosure, stop collection actions against them and obtain a fresh start. The Means … [Read more...]
Bankruptcy Described
Bankruptcy involves a legal proceeding in which an individual can eliminate debt or work out a plan to pay back debts while under the protection fo the United States Bankruptcy Court. Bankruptcy Protection Bankruptcy can prevent continued legal … [Read more...]
Bankruptcy Terms
Bankruptcy court proceedings are handled in the United State Bankruptcy Court. Article 2 of the United States Constitution reserved the right to Congress to make laws involving bankruptcy. Federal proceedings differ from state court proceedings in … [Read more...]
Happy Thanksgiving
This Thanksgiving, we are immensely grateful, that with all the changes in our world, we have friends and family with whom we can gather. Let us take time this year to live in gratitude for the bounty we experience all around us. … [Read more...]
