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Articles, tagged with "bankruptcy code"

Why Should You Choose Bankruptcy? The Automatic Stay

29th September 2009
Bankruptcy works by protecting you from your creditors when you are no longer able to pay your debts. The most powerful function of a bankruptcy is called the “Automatic Stay”. The automatic stay goes into effect the second your bankruptcy case is ... Read >
Author: smithsbryan

‘After School’ Bankruptcy: Obtaining your Transcript

28th September 2009
A surprisingly common scenario is as follows: You recently attended, and maybe even graduated from, a college or university that is now holding your transcript and other such official documents. Unfortunately, however, you have not been able to fulfill ... Read >
Author: David Romito

Bankruptcy Lawyer Fees - Is This an Added Financial Burden Or a Necessary Expense?

23rd September 2009
If you are in a position where you find yourself in need of a bankruptcy lawyer, then the chances are that you are already unfortunate enough to be experiencing severe financial problems. You are, undoubtedly, broke in a number of ways and in more debt th... Read >
Author: Jeremy Edwards

Bankruptcy Means Test - What is it

23rd September 2009
If you are in the very unfortunate position of having to consider bankruptcy, then the chances are that you are at the very end of your tether and that your financial situation is unrecoverable by any other means. If you have therefore considered bankrupt... Read >
Author: Jeremy Edwards

Will Bankruptcy Stop Wage Garnishments?

17th September 2009
The short answer is yes. Once your case is filed, creditors are no longer entitled to garnish your wages for debts that existed at the beginning of the case. The only exception may be for on-going child or family support ordered by a court. This is a ... Read >
Author: John Stewart

The Truth about Individual Bankruptcy

17th September 2009
When you are in a situation where you realized that you have creditors on one side and the inability to pay them back on the other, it is easy to feel as though you are inbetween two huge boulders! This is very true in today's economic situation, where p... Read >
Author: Shaun McPherson

Bankruptcy Questions Free Assistive Info

11th September 2009
I am sure your quest for Bankruptcy Questions has come to an end as you read this article. Yes, gtwo are those days when we have to search endlessly for Bankruptcy Questions information or other such information like chapter 7 bankruptcy code, chapter 13 ... Read >
Author: deepak kulkarni

Bankruptcy

11th September 2009
The legal provision of bankruptcy, though sometimes misused, is a progressive and often merciful process. By it, a hopelessly indebted individual can make an official declaration of financial inability and be free of obligation. This may be on a temporary... Read >
Author: wbdoyle

A Guide To Chapter 7 Bankruptcy

10th September 2009
Bankruptcy is a legally declared inability of individuals or businesses to discharge their debts. A declared state of bankruptcy can be requested not only by creditors in an effort to get what they are owed but also by the insolvent individual or organiza... Read >
Author: wbdoyle

The Benefits of Bankruptcy

10th September 2009
After the new bankruptcy law went into effect in October of 2005, many people were under the impression that bankruptcy relief was no longer available or too hard to obtain. Nothing could be further from the truth. Bankruptcy is great way for hard work... Read >
Author: Bass.Franklin

Debt Settlement vs. Bankruptcy

07th September 2009
A recessed economy and bursting of the real estate bubble have pushed borrowers to the point where they can no longer keep up with payments on their credit cards and consumer debt. For those searching for solutions, the decision often comes down to choosi... Read >
Author: Debt Settle Inc

Get Fully Versed With Chapters, 7,11, 12, and 13

03rd September 2009
If you already know that there are seven different ways of filing for bankruptcy, then you're probably either a bankruptcy attorney, or you once went bankrupt, because very few Americans know that there are so many ways, and even if they do know, they mos... Read >
Author: Michael Redbourn

Is Bankruptcy the End of the Road? Legal Advice You Can Use to Climb Out of the Hole

27th August 2009
When the modifications to U.S. Bankruptcy Code made it more difficult for people to declare bankruptcy and have debts forgiven, many consumer rights activists cried foul. The credit industry worked hard to get this passed, and at first blush, it does appe... Read >
Author: Yodle

Credit Card Bankruptcy- Why This Is Your Ticket To A Fresh Start

23rd August 2009
It is quite easy to get into credit card debt. This is because when you use a credit card, you are paying for things on credit. You then get a bill at the end of the month that requires you to repay the debt. If you fail to pay your credit card balance in... Read >
Author: Mercy

Bankruptcy Code

23rd August 2009
The subject of bankruptcy is normally received with different reactions. Most people think that bankruptcy is a complex process. This is because the federal laws are quite extensive. This is in a bid to cover all possibilities. Lawyers also use the very c... Read >
Author: Mercy

The Most Common Types of Bankruptcy

13th August 2009
Bankruptcy has been in the news a lot lately, ranging from your neighbor and his foreclosed home to the very largest US auto manufacturers. Bankruptcy is not a one-size fits all proposition, but it will appear on your credit report. Here's a look at t... Read >
Author: Jamie Hanson

Do I Need Bankruptcy Attorney And What Forms Will I Need

11th August 2009
If you are in the process of having to file bankruptcy, and you are unsure of what you should do with your bankruptcy forms, then you should think about going to a bankruptcy attorney for advice. You will be able to get the forms needed, as well as help i... Read >
Author: smithsbryan

Bankruptcy And Attorneys – Part 1

08th August 2009
Bankruptcy attorneys Amongst bankruptcies, debtors usually opt for Chapter 7 and Chapter 13 bankruptcies, since they provide the maximum benefits. Bankruptcy is a process, which involves litigation and lawyers and courts. The process can be trying, and... Read >
Author: Judy Dixon

Bankruptcy Protection- How To Go About It

04th August 2009
You can file for bankruptcy protection under the bankruptcy laws, if you are finding it difficult to repay your creditors. Bankruptcy protection involves having most of your debt canceled with the inclusion of selling off some of your assets. The other op... Read >
Author: Mercy

What happens when a corporation files for bankruptcy?

04th August 2009
The fate of a corporation in bankruptcy — whether it goes out of business or is reorganizing in order to recover from crippling debt — is determined by federal bankruptcy law. The bankrupt corporation (i.e., "the debtor") can use Chapter 7 of the Bank... Read >
Author: makavelix52x

Bankruptcy Protection- How To Go About It

03rd August 2009
You can file for bankruptcy protection under the bankruptcy laws, if you are finding it difficult to repay your creditors. Bankruptcy protection involves having most of your debt canceled with the inclusion of selling off some of your assets. The other op... Read >
Author: Mercy

Bankruptcky Chapter 13

03rd August 2009
The aim of filing for bankruptcy under chapter 13 is for a debtor to get a chance to repay some or all his debts, in more favorable terms like low or no interest. The debtor also gets repayment period of three to five years. Unlike Chapter 7 bankruptcy th... Read >
Author: Mercy

Debt Settlement vs. Bankruptcy in the US market

26th July 2009
A recessed economy and bursting of the real estate bubble have pushed borrowers to the point where they can no longer keep up with payments on their credit cards and consumer debt. For those searching for solutions, the decision often comes down to choosi... Read >
Author: Isaac Gervais

Use the Bankruptcy Code And Learn How To File Yourself

09th July 2009
There are many circumstances that cause financial problems. Losing your job, having an adjustable-rate mortgage, going through a divorce, taking out payday loans, unforeseen medical bills, and credit cards with high interest can create a financial mess. W... Read >
Author: smithsbryan

Bankruptcy lingo: what is a 341 meeting?

30th June 2009
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. If you're w... Read >
Author: Cecilia Rodriguez

Bankruptcy fraud and luxury items: Be careful what you buy!

30th June 2009
In any financial or legal proceeding, there are often little pitfalls that you have to watch out for. One common mistake that consumers make is purchasing something on credit just before they declare personal bankruptcy. This is certainly something you ... Read >
Author: Cecilia Rodriguez

Remedies for Attempt to Collect Debts Included in Bankruptcy

18th June 2009
Remedies for Attempt to Collect Debts Included in Bankruptcy One of the most important benefits of filing for bankruptcy is that it will stop collection calls, letters, and other activities by debt collectors. This includes garnishments, lawsuits, and... Read >
Author: Justin Baxter

The Process of Filing for Bankruptcy

18th June 2009
The Process of Filing for Bankruptcy The procedural aspects of the bankruptcy process are governed by the Federal Rules of Bankruptcy Procedure and local rules of each bankruptcy court. The Bankruptcy Code, Federal Rules of Bankruptcy Procedure, and l... Read >
Author: Justin Baxter

The Effect of Filing for Bankruptcy on a Home Foreclosure

18th June 2009
The Effect of Filing for Bankruptcy on a Home Foreclosure In the years leading up the recent financial crisis, the housing bubble spurred a dramatic rise in new home ownership. At the same time, many of the nonconventional mortgage schemes (also known... Read >
Author: Justin Baxter

Inroduction to Bankruptcy

18th June 2009
Basic Information about Bankruptcy Deciding whether to file bankruptcy is a very serious decision. The majority of bankruptcies are precipitated by circumstances outside a person's control -- loss of a job, divorce, or significant illness. A recent stu... Read >
Author: Justin Baxter

Four Frequent Misconceptions Regarding Credit

15th June 2009
It never ceases to surprise me how confused most people are about credit report. This article is a brief summary of the top four myths of credit. Myth One: “Data in my credit file can’t be altered.” Truth: The Fair Credit Reporting Act r... Read >
Author: Wendy Polisi

US Federal Bankruptcy Law: Everything You Need to Know

11th June 2009
Bankruptcy is an economic condition where an individual or a company is unable to discharge all debts when they become due. It is a formal statement by a debtor of his failure to pay back his creditors. A particular course of action is then assumed to let... Read >
Author: Cecilia Rodriguez

Reaffirmation Under the New Bankruptcy Law

03rd June 2009
Whether or not to reaffirm a secured debt, under §521(2)(A) of the Bankruptcy Code, used to be a no-brainer. Because the act of reaffirmation did far more for the creditor than it did for the debtor, the advice most commonly – and properly – given b... Read >
Author: David Romito

Bankruptcy- The Discharge Rules

19th May 2009
Bankruptcy is a financial situation in which an individual or a corporation is not in a position to pay their debts which can be caused by a list of setbacks. Among the causes of financial distress, as recent research shows, is economic recess which is ou... Read >
Author: Peter Gitundu

Changes In The Bankruptcy Code

19th May 2009
Bankruptcy is a legally declared state in which an individual or corporation is not in a position to pay off their debts due to several reasons. Though many people believe that financial distress only happens to people who have irresponsible spending habi... Read >
Author: Peter Gitundu

To Stop Foreclosure: Obama Federal Loan Modification Plan - Does It Work?

13th May 2009
President Obama Federal Loan Modification Plan proposes to help homeowners afford their monthly mortgage payments and to stop foreclosure by either modifying the terms of the mortgage loan or refinancing the entire mortgage. Obama Federal Loan Modificatio... Read >
Author: Alfred Sant

Chapter 15 Bankruptcy Laws

07th May 2009
Chapter 15 bankruptcy laws are a set of new policies on the code dealing with financial incapability. They have been added by the bankruptcy and consumer prevention act of 2005 which replaces section 304 of the code. The main purpose of this law is to lay... Read >
Author: Peter Gitundu

How To Treat Bond Holders Under The Municipal Bankruptcy Chapter

07th May 2009
Bankruptcy is a legal procedure for dealing with debt problems of individuals and business. Bonds of different categories are treated differently in the municipal insolvency chapter. General bonds are treated just like any other debt and the municipal wil... Read >
Author: Peter Gitundu

Municipal Bankruptcy Chapter 9

07th May 2009
The main purpose of the municipal filing a petition with the court is to seek protection against certain actions that the creditors might choose to take against it. This law also protects the debtor, who in this case is the municipal from harassment from ... Read >
Author: Peter Gitundu

What Bankruptcy Chapter 7 Entails

07th May 2009
Bankruptcy chapter 7 is also known as the liquidation chapter. It allows an appointed trustee to take the assets of the debtor, sell them and pay off the debts. The petition is either voluntary or involuntary. Voluntary means that it is out of the debtors... Read >
Author: Peter Gitundu

Chapter 11 bankruptcy law

07th May 2009
Chapter 11 bankruptcy law applies to partnerships and corporations. It calls for the general reorganization of the business to keep it alive in an attempt to pay creditors to the business. This chapter, just like any other, does not work in case the debto... Read >
Author: Peter Gitundu

Mortgage Driven Bankruptcy Filings against the Backdrop of an Amended Bankruptcy Code

17th April 2009
Bankruptcy used to be the stigma laden option for consumers who were simply too deep in debt to find a way out. In the past Chapter 7 filings could lighten the debt load for filers by simply doing away with credit card bills and other unsecured loans. In ... Read >
Author: Lender411

Texas Bankruptcy Laws 2

01st April 2009
There are many methods that you can use to clear yourself of the many debts that you have. These methods can include going to bankruptcy courts, but you will need to know what is recommend for the bankruptcy courts in your state. The Texas bankruptcy laws... Read >
Author: QC

How To Find a Bankruptcy Lawyer

27th March 2009
Personal bankruptcy is not a new thing for us. We have been hearing it a lot from our friends. Even from history books, we will find an occurrence when a debtor cannot pay for his debts. The debtors who cannot pay for their financial obligations where tre... Read >
Author: domaingamer

Types Of Bankruptcy

10th March 2009
When someone has financial problems they look at bankruptcy as a means of ending their debts in a legal manner, and restarting their lives and businesses. There are four main types of bankruptcy that a person can file for. Each of these bankruptcy laws ha... Read >
Author: QC

Texas Bankruptcy Laws

10th March 2009
There are many methods that you can use to clear yourself of the many debts that you have. These methods can include going to bankruptcy courts, but you will need to know what is recommend for the bankruptcy courts in your state. The Texas bankruptcy laws... Read >
Author: QC

Ohio Bankruptcy Laws

10th March 2009
Every state in the US has ways of dealing with bankruptcy. These ways revolve around the framework of the bankruptcy code but they are defined by the parameters of the state. The Ohio bankruptcy laws have been amended so that the new laws for bankruptcy w... Read >
Author: QC

Bankruptcy Michigan Law 2

04th March 2009
There are many different ways that you can get rid of the many debts that you have accumulated. These ways can include going to bankruptcy courts but you should know what is recommend for the bankruptcy courts in your state. The bankruptcy Michigan law re... Read >
Author: QC

The US Trustee’s role in a Chapter 7 Bankruptcy case

03rd March 2009
Ok. You’re considering filing for bankruptcy relief under Chapter 7 of the bankruptcy code. You may have heard about the ‘means test’ and how the US Trustee can file motions or complaints under Section 707(b) to dismiss a case or force it to be co... Read >
Author: David Romito

Bankruptcy Laws 2

03rd March 2009
The US congress passed a set of uniform laws to govern how bankruptcy is dealt with. In these bankruptcy laws, or the bankruptcy code, there are ways to protect the debtor from being harassed while they are trying to pay off their loans. The different met... Read >
Author: QC

New Changes in the Bankruptcy Laws for California

24th February 2009
New Changes in the Bankruptcy Laws for California In October 2005 major changes were enacted in the bankruptcy code in an attempt to minimize some fraud that had been being used by some unscrupulous filers. Though it was feared that it would become tou... Read >
Author: Stephen Brittain

Is Bankruptcy the End of the Road? Legal Advice You Can Use to Climb Out of the Hole

12th February 2009
When the modifications to U.S. Bankruptcy Code made it more difficult for people to declare bankruptcy and have debts forgiven, many consumer rights activists cried foul. The credit industry worked hard to get this passed, and at first blush, it does appe... Read >
Author: sashalevin

Bankruptcy, Insolvency, and Taxes

31st January 2009
2008 was a tough year for many tax payers. It is important to know the tax ramifications of bankruptcy or insolvency. Insolvency There are two types of insolvency. The first type is cash flow insolvency, which means that you are unable to pay your d... Read >
Author: arstringfellow

The Chapter 7 Discharge: What Debts Are NOT Eliminated?

30th January 2009
Many people are familiar with the most common categories of debts that may be discharged in Chapter 7 bankruptcy. These include credit card account balances, medical bills, old utility and phone bills, and unsecured personal loans. What are not so well ... Read >
Author: David Romito

Using Chapters Of Bankruptcy To Survive A Debt Crisis

17th January 2009
Using Chapters Of Bankruptcy To Survive A Debt Crisis A real debt crisis is one that makes the victim seek a credit-counseling agency for step-by-step help to clear their debts. At this agency a professional credit counselor gives them personalize... Read >
Author: Poly Muthumbi

Common Bankruptcy Myths Debunked

16th January 2009
The average American knows very little about bankruptcy. Most people probably understand very generally that a bankruptcy can serve to eliminate debt and offer a ‘fresh start’ – but often know very little beyond this basic concept. Some of the infor... Read >
Author: David Romito

What you need to know about Chapter 7 Bankruptcy.

12th January 2009
Chapter 7 Bankruptcy is the Chapter under the Bankruptcy code that requires “liquidation”. Liquidation is the sale of a debtor’s nonexempt property and the distribution of the proceeds to creditors. In order to qualify for Chapter 7 you must be an i... Read >
Author: cpeter05

An Overview of Chapter 7 Bankruptcy

05th January 2009
Chapter 7 Bankruptcy, A liquidation bankruptcy cancels your debts, but you might have to let the bankruptcy court execute some of your property for the profit of your creditors. Chapter 7 bankruptcy refers to the chapter of the federal statutes that conta... Read >
Author: James Kertley

Considering Filing Bankruptcy Papers?

11th December 2008
If you are thinking about filing bankruptcy, you have found yourself in a situation where debt is something that you can't seem to get away from. Every year, there are many people who file for bankruptcy, and for some of them, it is a wise decision. On ... Read >
Author: Jon Arnold

Debt Settlement Program

06th December 2008
Bankruptcy is a legally declared inability or impairment of ability of an individual or organizations to pay their creditors. Creditors may file a bankruptcy petition against a debtor in an effort to recoup a portion of what they are owed. In the majority... Read >
Author: James Kertley

Qualifying for Chapter 7 of the Bankruptcy Code

15th October 2008
Chapter 7 of the Bankruptcy Code is used when a trustee, to pay off a holder’s claims, sells the debtor’s nonexempt assets. Some of the property may have liens against it or be within the bounds of a mortgage; if that is the case, the proceeds from th... Read >
Author: Joe Cline

What A Good Bankruptcy Attorney Will Do For You

22nd September 2008
What is all of the talk about bankruptcy these days? Quite simply, it is the section of the federal law that will allow a person who is in an extreme amount of debt to get a “fresh start”. It will reduce the amount of debt that is required to be pai... Read >
Author: Jon Arnold

Atlantis Plastics, Inc. has filed a motion with theBankruptcy Court to approve

04th September 2008
August 10, 2008. Atlantis Plastics, Inc. announced today that on Sunday, ,it filed voluntary petitions for Chapter 11 reorganizations foritself and its subsidiaries in the United States Bankruptcy Courtfor the Northern District of Georgia to facilitate ... Read >
Author: stjenre

A Guide To The Complexities of Bankruptcy Chapters and Laws

22nd July 2008
Bankruptcy is a legal procedure granted by the Federal Law that allows an individual or organization with excessive debt to pay their creditors in a certain amount of time. The bankruptcy attorney specializes in bankruptcy law which enables them to desig... Read >
Author: Jon Arnold

Chapter 7 Audits Return

20th May 2008
Yes, you read that correctly. Debit audits are officially back as of May 12, 2008. This is despite the fact that the panel trustee already examines the debtor, and despite the fact that the U.S. Trustee already reviews every petition filed with the Cler... Read >
Author: David Siegel

Corporate Bankruptcy Details You Should Know

06th May 2008
When a public company files for bankruptcy, everyone with a stake in the company, from employees to creditors to bondholders, is concerned about the future of the company and the outcome of the bankruptcy proceeding. As a result many tend to wonder who pr... Read >
Author: Poly Muthumbi

Anatomy of a Proof of Claim in Bankruptcy

07th April 2008
The proof of claim is the document indicating what a particular creditor is claiming that it is owed by a debtor. It is the starting point for receiving a share of any funds distributed by the bankruptcy trustee. The same proof of claim for applies to b... Read >
Author: David Siegel

Self Employed Tax Deductions – Alas Poor Yorick, I Knew Them Well…

07th April 2008
I just read an article that is titled "Taking a hard line on rewriting the bankruptcy code" by Edward L. Glaeser, a professor economics at Harvard University. I am in awe at how well it summed up the mortgage crisis in one short article. I am a retired... Read >
Author: Aubrey Clark

Bankruptcy – Understanding the Chapters

07th April 2008
The term bankruptcy is often thrown around as an absolute. In truth, there are different chapters of bankruptcy available for different debtors and situations. Bankruptcy is a form of federal law. It is generally known as the “second chance” finan... Read >
Author: Aazdak Alisimo

Bankruptcy

04th April 2008
Bankruptcy is a state of being completely unable to pay your debts and is broken down into two categories: Voluntary Bankruptcy and Involuntary Bankruptcy. The objective in both cases is a fair settlement of claims and distribution of assets. Body:- ... Read >
Author: cash loan

Chapter 7 & Chapter 13 Differences

03rd April 2008
Form 22 Means Test & Automobiles One would initially not recognize a significant difference in the preparation of documents for Chapter 7 bankruptcy and for Chapter 13 bankruptcy. After all, it seems relatively simple. In a Chapter 7 bankruptcy case,... Read >
Author: David Siegel

Property, Exemptions and the Trustee

28th February 2008
In a Chapter 7 bankruptcy case, all non-exempt property can be sold to satisfy creditors. The question that arises is just what is non-exempt property? This question cannot be answered in generalities. Instead, the answer depends upon which jurisdictio... Read >
Author: David Siegel

Need Answers - Chapter 7 Bankruptcy and You

23rd January 2008
Chapter 7 bankruptcy is the type of discharge that most people associate with the idea of bankruptcy. Chapter 7 is also the option that most people commonly choose because it offers a fresh financial start without the obligation to repay the debts that th... Read >
Author: Deanna Mascle

Dealing With a Property in Chapter 7

14th January 2008
There are several different bankruptcy codes that people file when they get in over their heads financially. One of the more common ones is Chapter 7. This is the bankruptcy code providing the “liquidation” of the debtor’s assets with the proceeds... Read >
Author: Bryan Benson

Understanding the Different Types of Bankruptcy Set Up By US Congress

07th November 2007
When someone has financial problems they look at bankruptcy as a means of ending their debts in a legal manner, and restarting their lives and businesses. There are four main types of bankruptcy that a person can file for. Each of these bankruptcy laws ha... Read >
Author: Peter Gitundu

Texas Bankruptcy Laws for People in Severe Financial Difficulties

07th November 2007
There are many methods that you can use to clear yourself of the many debts that you have. These methods can include going to bankruptcy courts, but you will need to know what is recommend for the bankruptcy courts in your state. The Texas bankruptcy laws... Read >
Author: Peter Gitundu

Ohio Bankruptcy Laws and the Framework of the Bankruptcy Code

07th November 2007
Every state in the US has ways of dealing with bankruptcy. These ways revolve around the framework of the bankruptcy code but they are defined by the parameters of the state. The Ohio bankruptcy laws have been amended so that the new laws for bankruptcy w... Read >
Author: Peter Gitundu

What it Takes for a Bankruptcy Michigan Law to Issue a Discharge Notice

07th November 2007
There are many different ways that you can get rid of the many debts that you have accumulated. These ways can include going to bankruptcy courts but you should know what is recommend for the bankruptcy courts in your state. The bankruptcy Michigan law re... Read >
Author: Peter Gitundu

Bankruptcy Laws Reflects Our Varied Lifestyle Expenditure

07th November 2007
The US congress passed a set of uniform laws to govern how bankruptcy is dealt with. In these bankruptcy laws, or the bankruptcy code, there are ways to protect the debtor from being harassed while they are trying to pay off their loans. The different met... Read >
Author: Peter Gitundu

How to File For Bankruptcy Under the Bankruptcy Illinois Act

07th November 2007
Going bankrupt is a nightmare that not all people might experience. While the bankruptcy code can’t be altered by any state there are different procedures for each state. For anyone who is living in Illinois, the matter of bankruptcy Illinois courts sys... Read >
Author: Peter Gitundu

Understanding the Laws From the US Congress Bankruptcy Code

07th November 2007
Becoming bankrupt is not something that many people think about. There are occasions when this will happen and these individuals will need to file for bankruptcy. The various chapters of bankruptcy like chapter 13, and chapter 11 are taken from the bankru... Read >
Author: Peter Gitundu

Michigan Bankruptcy - Walk Away With Debt

06th November 2007
The term Michigan bankruptcy relate to bankruptcy cases being filed in Michigan City and percentage of cases booked under different chapters of bankruptcy code of US federal court.Michigan bankruptcy laws are not different from Las Vegas bankruptcy laws a... Read >
Author: James Arther

Florida Bankruptcy - Walk Away From Debt

05th November 2007
Florida bankruptcy as the term implies relates to bankruptcy laws as prevalent in Florida City. The cases filed here in courts are mainly dealt under chapter7 for individuals with no regular earning potential and under chapter 13 for wage earners with sta... Read >
Author: James Arther

Las Vegas Bankruptcy - An Option to Resolve Financial Crisis

19th October 2007
Las Vegas bankruptcy is a term used in financial circles to quote the percentage of bankruptcy cases dealt under chapter 13 of bankruptcy code in Las Vegas city, where emphasis is more on recovery than on writing off the credits.Las Vegas bankruptcy cases... Read >
Author: James Arther

California Bankruptcy - Credit Score at Stake

12th October 2007
California bankruptcy is a term used in financial circles to quote laws in vogue in California City for dealing cases of bankruptcy under uniform federal laws falling under chapter 7,9,11,12,13 of bankruptcy code.California bankruptcy cases are mainly dea... Read >
Author: James Arther

The 5 Different Kinds of Bankruptcy

04th October 2007
Understandably, the government made provisions on different bankruptcy proceedings that a person or a group can acquire to protect himself from his creditors. This way, lawsuits that creditor are bound to file against the borrower would be avoided. H... Read >

New York Bankruptcy - Repay Debts under Court Protection

03rd October 2007
New York bankruptcy, relates to cases of bankruptcy reported from New York City and how such cases are being dealt by US federal courts under chapter 7,9,11,12and 13 of bankruptcy code.New York bankruptcy laws have considerably checked filing of bankruptc... Read >
Author: James Arther

Bankruptcy - Can Ruins Your Credit Rating

01st October 2007
Bankruptcy, in simple language means insolvency i.e. a person is no longer in a position to repay his debts. Such a situation arises when liabilities exceed assets and therefore you have no assets to repay your debts.It is a very unfortunate situation and... Read >
Author: James Arther

What is the Role of the Chapter 7 Trustee?

31st August 2007
Once a Chapter 7 bankruptcy case is filed, an impartial case trustee is appointed by the office of the United States Trustee. (In Alabama and North Carolina, the trustee is appointed by the court). The primary function of the Chapter 7 trustee is to adm... Read >
Author: David Siegel

Is Chapter 7 Still Available To a Debtor?

03rd August 2007
The Bankruptcy Code was significantly amended with a general effective date of October 17, 2005. It was Congress' intent to make those who could afford to pay back a portion of their debt ineligible to eliminate their debt in a Chapter 7 bankruptcy. Thi... Read >
Author: David Siegel

You Can File for Bankruptcy Chapter 13 With a Regular Income

01st July 2007
The US Congress passed a law that established a set of uniform laws to govern how bankruptcy was handled. These laws were placed under a system called the bankruptcy code. In this code there are chapters that pertain to various issues in bankruptcy. One s... Read >
Author: Peter Gitundu

Must you list every debt you owe in bankruptcy?

30th March 2007
Recently, I received an email asking about filing a chapter 7 bankruptcy The writer asks: "Do I choose which debts I want to include in my bankruptcy or does the trustee do this? I have a bank loan for my truck which I pay on time and I want to keep m... Read >
Author: Terrance Leeders

Can a spouse file an individual bankruptcy?

30th March 2007
I received an email today from a prospective client asking if a spouse could file bankruptcy without her spouse. Excellent question. Although both spouses are not required to file bankruptcy jointly, the Bankruptcy Code does require both spouses in... Read >
Author: Terrance Leeders

Chapter 13 to Stop home foreclosures

30th March 2007
Chapter 13 bankruptcy -Stop mortgage foreclosure Stop Foreclosure Yes, you can save your home! Using the chapter 13 can strategically help you cure your mortgage default, protect your equity and eliminate your other debts to help you right the ship... Read >
Author: Terrance Leeders

US Bankruptcy Laws

27th March 2007
When people become bankrupt, the creditors are entitled to payment as soon as the debtor is in a position to pay them. They are entitled o payment forthwith. They have an unassailable right to be paid out of the assets of the debtors. From the scenario, ... Read >
Author: Gabriel Rise

Bankruptcy After the New Law

24th January 2007
It has become harder to go into personal bankruptcy, but the condition of not paying bills remains whether or not formal bankruptcy is filed. The changes in the bankruptcy code of 2005 have really not changed very much. The cost of going bankrupt has in... Read >
Author: AdamHeist

A Closer Look at Bankruptcy

14th November 2006
Bankruptcy is a process of the federal court that is aimed at helping both businesses and individuals in clearing up their debts and repaying under the protection given by the bankruptcy court. There are basically two types: liquidation and reorganizatio... Read >
Author: Andi B.

Bankruptcy Law And How To Get Your Credit Back

08th September 2006
Personal Bankruptcy what is it? Personal Bankruptcy is legal procedures that enables a debtor to for the time being or lastingly avoid paying some of their personal debt unpaid. The US Congress enacted the existing bankruptcy code in 1978, and newly a... Read >
Author: Derek Gardener

What the Credit Industry Doesn't Want You to Know About Bankruptcy

31st August 2006
1. The "new" bankruptcy law that went into affect in October, 2005 isn't very much more restrictive than the "old" law. The law revision got a lot of press that made it sound like it would be much more difficultperhaps impossibleto file for bankrupt... Read >
Author: Tiffany Sanders

For your Information (FYI) - Bankruptcy

04th June 2006
People view bankruptcy as a wake up call and well they should because that means they hit the bottom of the barrel and are now scratching the bottom - for more cash! If you believe misery loves company be secure in the knowledge that there are at leas... Read >
Author: robert hanania

9 Simple Steps On How To File Bankruptcy

08th February 2006
Copyright 2006 Dean Shainin A bankruptcy is the last option any businessman wants to take. They can cause a big dent on their credit rating and deeply ruin their reputation. But sometimes filing for bankruptcy is the only solution to get a person out o... Read >
Author: Dean Shainin

The bankruptcy code acknowledges the validity of the homestead exemption.

13th July 2005
Many times the subject of bankruptcy seems baffling in its complexity. Actually the basic principals of bankruptcy are fairly simple even though the federal statuses on bankruptcy are extensive. The reason that the statutes are so complex is because in as... Read >
Author: John Roush