|
Written by Attorney Assistant
|
|
If you decide to file bankruptcy, you have a lot of options. One is to do the job yourself without any professional help. If you are skilled with legal matters, this can work, but you are setting yourself up for trouble if there is any aspect of the process that you do not fully understand. If you want, you can hire an attorney to help you with the process. This is the most expensive option, but also the option that offers the most security against problems. A third option is to use a bankruptcy preparer. This can be a nice compromise between the risks of doing it yourself and the expenses of an attorney.
|
|
Read more...
|
|
|
Written by Attorney Assistant
|
|
If you own a small business that is struggling, you may be thinking about filing for bankruptcy. This can be a very valid way to deal with debt, but it is not a decision to make lightly. Small businesses have some considerations they have to make that larger businesses do not, so make sure you do your homework well before making a decision.
|
|
Read more...
|
|
Written by Attorney Assistant
|
|
Being sued by anyone is a very unsettling situation, but when you are being sued by a creditor, someone you legitimately owe money to, it can be even more so. The good news is that you do have options if and when this occurs, even if the lawsuit is completely legitimate. Knowing your options, including whether or not you should file for bankruptcy, will help you make good choices when facing this type of lawsuit.
|
|
Read more...
|
|
Written by Attorney Assistant
|
|
If you spend much time in credit counseling firms, you are going to hear a lot of options thrown at you as being alternatives to bankruptcy. Trying to wade through these and determine which ones are the right ones for your situation is challenging. Offer in compromise is one of these. Here is what you need to know about it if you are trying to determine whether or not it is right for you as an alternative to filing for bankruptcy.
|
|
Read more...
|
|
Written by Attorney Assistant
|
|
If you are planning to file bankruptcy, you need to know that not all of your debts will be discharged when you do. Bankruptcy is designed primarily for consumer debts, like credit cards and loans, and as such, may not discharge other types of debts. Before you file, it is a good idea to learn what debts are going to continue to follow you after the fact. This will help you make an informed decision about whether or not filing makes sense for your situation.
|
|
Read more...
|
|
|
|
|
|
|
Page 1 of 4 |
In Chapter 7 Bankruptcy
The debtor is required to surrender assets to pay debts. Any remaining debt...
Maybe you have gotten in over your head with multiple credit cards; maybe you have recently lost you...
Although it might seem like it helps in the short-term, in the end it can only make your financial t...
The 7 reasons to file bankruptcy all have to do with what the creditors can do to collect their debt...
Even though you may have to claim bankruptcy, you need to relieve the pressures of your finances now...
Blog