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23rd September 2009
Florida's Homestead protections are actually three distinct protections under Florida law, each with a different purpose and effect: asset protection, reduced property taxes, and protection of surviving spouses and minor children. Each is explained below.... Read >
Author: wbdoyle21st August 2009
Companies in financial trouble are often forced to liquidate their assets to pay creditors. While a Chapter 11 bankruptcy sometimes makes the most sense, other times a Chapter 7 bankruptcy is required, and in still other situations a corporate dissolution... Read >
Author: MarcTow13th 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 Hanson12th August 2009
With so many people facing foreclosure and insurmountable debt, bankruptcy filings are rising. Bankruptcy is often the last resort for many people in debt. Many people find themselves in this situation due to excessive medical bills, loss of employment, o... Read >
Author: Daniel Berry08th August 2009
A bankruptcy trustee is an individual appointed by the bankruptcy court to ensure the smooth operations of the bankruptcy affairs. They are responsible for liquidating assets of the debtor, ensuring that the creditors are repaid accordingly. In the bankru... Read >
Author: Mercy05th August 2009
If you're thinking about filing for chapter 7 bankruptcy, you're probably wondering what is involved in the process. Filing bankruptcy can be a bit overwhelming, especially since you're probably still dealing with the stress of being harassed by creditors... Read >
Author: Jay Fleischman18th 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 Baxter07th June 2009
Bankruptcy may make it possible for you to:
Eliminate the legal obligation to pay most or all of your debts. This is called a “discharge” of debts. It is designed to give you a fresh financial start.
End constant and annoying phone calls by cred... Read >
Author: massachusetts bankruptcy27th March 2009
Chapter 7, sometimes referred to as "straight", or "liquidation" bankruptcy, is designed for debtors in financial difficulty who do not have the present ability to pay their existing debts. With a Chapter 7 filing, debtors will almost invariably pay back... Read >
Author: David Romito26th March 2009
Filing for bankruptcy is often thought of as an extreme measure. But truth be told, sometimes it is the only way out. People are afraid of bankruptcy claims due to the many myths surrounding it, but you should know better: bear in mind that myths are just... Read >
Author: Amanda Hash10th 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: QC09th March 2009
Bankruptcy is sometimes hard to imagine happening to you. When this does occur you have some options that you can take. These are in general chapter 7 and chapter 13 bankruptcy claims. For your creditors to stop contacting you it is essential that you und... Read >
Author: QC06th March 2009
From time to time someone may become bankrupt. As there are different forms of bankruptcy the person will need to decide what type of action to take. For the person who is unsure about the type of bankruptcy filing action to take they need to discuss with... Read >
Author: QC24th February 2009
Only those people who really do need to go bankrupt should consider the option of bankruptcy. There are several different types of bankruptcy, but for individuals this usually boils down to Chapter 7 and Chapter 13. Of these the Chapter 13 usually offers ... Read >
Author: Stephen Brittain10th February 2009
Are you considering filing for Chapter 7, 11 or 13 Bankruptcy? If so, you are not alone. An increasing number of consumers are considering bankruptcy as a debt relief option. Here are common bankruptcy mistakes you should avoid to prevent your bankruptcy ... Read >
Author: Glenn A. Brown, DMD, MBA, Esq.21st January 2009
Federal and state bankruptcy laws reflect the public policy value that no one should be deprived of all of their property. The federal bankruptcy laws, as well as the state laws where you reside, therefore, both allow for certain "exemptions." Federal e... Read >
Author: David Romito22nd November 2008
The four bankruptcy filings are chapters 7, 11, 12 and 13. Chapter 7 is the most common of all the filings. Chapter 7 requires you to liquidate your finances. You will have to start over from scratch after a bankruptcy chapter 7. A trustee liquidates your... Read >
Author: Cary B22nd July 2008
If you think that your medical malpractice New York case is going to be as easy as giving a high five you may be wrong. So you think you have the most clear cut case with the right medical documents, the best lawyer, and obvious injuries. You already have... Read >
Author: Paul Justice07th May 2008
Chapter 13 bankruptcy is also called the Wage Earner's Reorganization. It allows the wage earner to use his income to repay his creditors over a definite period of time. To accomplish this, the court makes a payment schedule, and the wage earner makes t... Read >
Author: Jared Myers07th 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 Siegel23rd January 2008
For times when debt gets out of hand, Chapter 13 bankruptcy is an ideal financial option. Repaying debts is very important to some people. Unfortunately, circumstances sometimes stand in the way of this goal. Although it will be a big blemish on your cred... Read >
Author: Deanna Mascle19th January 2008
The bankruptcy trustee is the designated representative of the bankruptcy estate who exercises statutory powers, principally for the benefit of the unsecured creditors, under the general supervision of the court and the direct supervision of the U.S. trus... Read >
Author: David Siegel07th 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 Gitundu07th November 2007
Bankruptcy is sometimes hard to imagine happening to you. When this does occur you have some options that you can take. These are in general chapter 7 and chapter 13 bankruptcy claims. For your creditors to stop contacting you it is essential that you und... Read >
Author: Peter Gitundu07th November 2007
From time to time someone may become bankrupt. As there are different forms of bankruptcy the person will need to decide what type of action to take. For the person who is unsure about the type of bankruptcy filing action to take they need to discuss with... Read >
Author: Peter Gitundu07th November 2007
Going bankrupt is something that is hard to imagine happening to you. When bankruptcy does occur though, you have some options that you can try. For these bankruptcy options to work you will need to consider bankruptcy filing. The options will include cha... Read >
Author: Peter Gitundu29th August 2007
Before Filing, You Must:
Stop using your credit cards and don't incur any additional credit. Once you have decided to file for bankruptcy, you should not use your credit cards nor incur any additional credit from that point forward. Any recent purchas... Read >
Author: David Siegel
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