People often associate bankruptcy with the ability to wipe out or eliminate debt to gain a fresh start.  Yet, the filing process has other advantages such as property protection, which can make things easier for debtors while getting finances back in order. Bankruptcy can stop creditor harassment and ease the stress associated with overwhelming [...]

In today's entrepreneurial landscape, investing in a tech startup is a risky business. More than 90% of tech startups fail. The reasons for these failures are as varied as the methods to success. Why do some startups succeed where so many others fail? Laptop Computer Tech-Startup Successes Successful tech startups have a few things in [...]

 Is It Better to Use Retirement Funds or File Bankruptcy? Retirement funds are commonly used to pay off debt when a person wants to avoid filing bankruptcy.  Yet, in some cases when you avoid filing it can put more strain on your finances.  It is understandable you want to take care of your financial obligations, [...]

Bankruptcy and Unpaid Tax Returns Bankruptcy has the ability to wipe out tax debt but income tax returns need to be filed. Tax debt is subject to specific qualifications in order for it to be discharged or eliminated after your case is filed.  There are several factors to review if wiping out tax debt is [...]

In most situations, it may not make a difference when you file bankruptcy. If the judgment is related to unsecured debt it is likely to get discharged.  Some people may decide to file when they receive a summons learning of a creditor seeking to take legal action.  Others may decide to submit an answer or [...]

Deciding to file bankruptcy can be confusing.  People often choose not to file because of misleading information, lack of understanding and fear of not knowing what will happen in the future.  These factors have been known to make financial situations even worse since debtors put off the filing process.  Upon gaining a better understanding of [...]

What Types of Income Is Reviewed on the Means Test? The Means Test helps in determining eligibility for bankruptcy.  The test gives a general idea of whether or not you have the ability to pay on outstanding debt.  Depending on the income requirements for your state the test provides details on which bankruptcy chapter you [...]

As a married individual you can choose to file bankruptcy on your own without your spouse.  It is a common question asked upon married individuals since you can file a joint petition with your spouse, but you don't have to. In some cases, it may be better for you to file without your spouse if [...]

If you plan on filing for bankruptcy protection you'll need to review qualifications and requirements in order to obtain a successful discharge.  This includes getting credit counseling with an approved government organization within 180 days of filing your petition.  A debtor education course is also required for debt discharge approval.  It is important to consult [...]

Joint Property and Bankruptcy If you are considering bankruptcy protection as a married individual you may have concerns about joint property and whether or not it can be protected from creditors. The outcome of your case may depend on the chapter you file, the state you live in, if you file on your own or [...]