When To File For Bankruptcy Nobody wants to make the decision of when to file for bankruptcy, but at some point it may come up. Bankruptcy has a bad effect on your credit amongst other ramifications. Filing bankruptcy should only be a last resort when all other options have failed you. But when should you […]

Types of Bankruptcy Bankruptcy is a procedure that is designed to relieve debt to consumers who have fallen on hard financial times and cannot afford to pay their existing debts. While there are many types of bankruptcy out there, the most commonplace are chapter 7 bankruptcies and chapter 13 bankruptcies of the bankruptcy code. Chapter […]

Tips To Avoid Bankruptcy When individuals or businesses cannot meet with their financial obligations, many make the assumption that the only solution is bankruptcy. That is not always the case though. If the right steps are taken from the beginning, you can keep yourself and your family out of financial trouble and away from bankruptcy. […]

Pre-Bankruptcy Counseling With the new law passed in 2005 in regards to the filing of chapter 7 bankruptcy, it became law that anyone filing must first get pre-bankruptcy debt counseling. The debtor must get counseling and certification from a non-profit credit-counseling agency before the forms can be filed for your bankruptcy. This usually entails one […]

Credit After Bankruptcy People considering bankruptcy have many questions regarding how future credit will be affected. Some think that it will be 10 years before they can get credit again, or that they will never get a credit card after their bankruptcy. Common questions debtors have are usually about keeping current credit cards, establishing new […]

Chapter 13 Bankruptcy While filing for bankruptcy, there are several codes, which an individual can file under. One such chapter is 13, which allows the debtor to keep property and pay the debt off over time. The debt is usually paid over a three to five year period. This chapter is usually chosen by those […]

Bankruptcy With so many people in society today finding themselves in financial trouble more often, the rate of bankruptcy has been on the rise. The main purpose of bankruptcy is to give honest debtors a fresh start, clearing most debts and discharging debtors from legal obligations and providing the courts with non-exempt assets to be […]

Bankruptcy Laws In 2005 the U.S. was implemented with new bankruptcy laws that passed congress. Before that time, filing for chapter 7 bankruptcies was an easy way out of financial obligations. Many people spent years being careless with their credit and debts because it could be fixed with a quick filing for bankruptcy. Now that […]

Bankruptcy Court If you are planning to file for bankruptcy then you will indeed be making a trip to court. The U.S. Bankruptcy court is a federal court and deals with all aspects of bankruptcy law. Each of the 94 judicial districts handles bankruptcy matters. Each bankruptcy court houses a bankruptcy judge who is appointed […]

Alternatives To Bankruptcy When you’re in a financial bind, bankruptcy is not the only way out. There are many alternatives to bankruptcy if you are willing to put out the time and energy. It could save you much unnecessary hassle. Bankruptcy is a difficult decision to make so it is best if there is another […]