Many consumers try to avoid bankruptcy mostly because of false misconceptions and a lack of understanding. While filing may have its pros and cons, it often depends on the situation of the individual. When considering bankruptcy it is important to get sufficient information that can help you make an educated decision about your finances. Get [...]
An important contributing factor in achieving a favorable outcome for your case includes having a good attorney. Choosing the right lawyer to work with during the process is a vital step, but with so many options it's easy to get overwhelmed and confused. Here are a few things to look for when finding an attorney: [...]
Bankruptcy has the ability to wipe out debt, but you'll need to understand which debts qualify to be eliminated if you decide to file. You need to learn about the process and depending on your situation, what it will and will not do for you. This includes reviewing your debt situation, getting an idea of [...]
Bankruptcy and Public Assistance Some debtors are under the impression that receiving public assistance may make them ineligible to file bankruptcy. The truth is you can file if you are receiving public assistance or have low income. With economic uncertainty and the cost of living on the rise, many households are receiving some type of federal [...]
Bankruptcy Exemptions to Protect Personal Property Debtors considering bankruptcy have several options to explore that can help them protect their property. Too often, people get caught up in myths and misconceptions about what happens to personal assets when they file, instead of focusing on how they maximize their exemptions. By conducting some pre-planning prior to [...]
Many consumers consider bankruptcy as a final resort after other options have been explored. Yet, some may not realize it is time to file even though their finances are spiraling out of control. To help in determining if bankruptcy is an option, consider the following points. Has bankruptcy been an option you've considered for a while? Do [...]
Debt From Delinquent Utility Bills It's common for debtors to fall behind on payment obligations such as paying utilities when money is tight. When you begin the filing process you may wonder if you need to list these bills in your bankruptcy. Any delinquent accounts you have should be included in your filing. Utility bills [...]
Sometimes waiting to file bankruptcy is a better option for those wanting to keep their refund. Yet, it is possible to have your refund protected if it meets requirements depending on the state you reside. There is also the issue of being married and filing a joint return and wondering if the decision to file [...]
Before filing bankruptcy you should have a clear idea of what is going on with your finances. In short, review your situation in detail to understand if bankruptcy is the right solution. Discussing your situation with a bankruptcy attorney may include comparing other options to help resolve problems. Learning how bankruptcy can help you is [...]
Bankruptcy Appraisal on Personal Property Part of the filing process in bankruptcy includes listing personal property and its value. In bankruptcy you refer to the replacement value or the amount it would be worth if sold by a retail merchant based on the condition and age of the property. Depending on the item itself, you'll [...]