Bankruptcy
Learn what bankruptcy is, how to file & how it impacts your life. Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts.
The New Employment of America Will Lead Many Into Filing Bankruptcy
Since around 2010, the government has added trillions of dollars to add liquidity to the markets in hopes of some form of economic recovery. The scary thing is, this money...
Read moreCan a Person File Bankruptcy Twice?
While you may file for bankruptcy any time you wish, if you previously filed and received a discharge, you must wait a specified period of time before filing bankruptcy a...
Read moreTry and Save Your House From Foreclosure by Filing Bankruptcy
Back in 2008 the national debt was at $ 10.02 trillion, now that number is closing in on $ 18 trillion. It's crazy to think that it's almost doubled in...
Read morePersonal Bankruptcy – Final Destination
It is usually those factors that we have little or no control over that lead many individuals towards personal bankruptcy. Because of the long term and serious ramifications of such...
Read moreMedical Bankruptcy – Does It Exist?
A bankruptcy that consists mostly of medical bills is often called a medical bankruptcy. This type of bankruptcy is not an official term, but lenders may look at a bankrupt...
Read moreHow Do I Save My Home? Using Bankruptcy Protection (Chapter 13)
Bankruptcy protection is often utilized to stop foreclosure and provide the debtor an opportunity to restructure mortgage arrears on affordable repayment terms.When debtors fall behind on their mortgage, the bank...
Read moreCredit Cards and Bankruptcy
The inevitable trap of credit cards and the preying by banks on their victims may lead many to bankruptcy. There is no easy way out of financial situations when income...
Read moreHow to Stay Out of Bankruptcy
Many want to use the law surrounding bankruptcy to avoid paying off their debts. In the long run, however, what does it achieve other than a bad reputation? People that...
Read moreLien Stripping – 522(F) – Motion to Avoid Liens in Bankruptcy
One of the primary objectives of the United States Bankruptcy Code is to enable Debtors to obtain a fresh start and return to good financial health. Towards that end Congress...
Read morePreparing for Foreclosure – Can Bankruptcy Protect You From Foreclosure?
What does bankruptcy do to a foreclosure sale?Let's take a look at what happens when someone files a bankruptcy petition. Immediately at the time of the bankruptcy filing, an automatic...
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