Understanding whether or not you are a candidate for bankruptcy most likely includes reviewing your situation with a qualified bankruptcy attorney.  A legal expert may be able to advise the best course of action based on your circumstances. Yet, there are a few factors that could have an influence on your decision that you can [...]

Many consumers wonder how they should go about making the decision to file bankruptcy.  Some are still trying to figure out if bankruptcy is the best option for their situation or if they should continue trying to pay down their debt.  There are things you should know about bankruptcy and your own financial situation that [...]

If your small business is drowning in debt, bankruptcy may help obtain the relief you're seeking.  While it is an option there are details to review to help you understand how the process can help. The way your business is structured could affect how you proceed. Other concerns to think about include understanding who is [...]

Some debtors are under the impression that they will automatically lose their credit union account when they file bankruptcy.  In most cases, you'll get to keep your account but it depends on whether or not you owe the credit union and what your intentions are for making payment on what is owed.  There are certain [...]

Cash-strapped consumers are being warned to be on the lookout for unethical practices conducted by debt settlement companies.  Many companies claim they can help struggling consumers reduce their debt obligations with creditors for a nominal fee.  While there are a variety of companies that claim to offer such services, unsuspecting consumers could end up losing [...]

If you are finding it difficult to keep up with business debt obligations but want to keep your business running, bankruptcy may help.  The type of bankruptcy you choose to file could impact the outcome but it also depends on how your business is structured.  Whether you are considering Chapter 7 ,  Chapter 11 or [...]

Filing Bankruptcy on Your Own Debtors considering filing bankruptcy on their own may think it can help them save money. While you may be able to file on your own, there are certain situations where it is best to have legal representation.  Most debtors choose to work with a bankruptcy attorney when they realize how [...]

For any 18 year old, it is scary enough having to deal with their future responsibility of finances. You can only imagine how much more difficult it may be for someone turning 18 that has had an illness ever since childhood. Unfortunately, the burden of children accumulating medical debt is on the rise. Some children [...]

Small business owners who consider bankruptcy protection may wonder if creditors may decide to pursue a spouse for outstanding debt when the business seeks protection.  There are a few aspects to consider that may help determine if your spouse is also liable.  It depends on whether or not you reside in a community property or [...]

This week Warren Sapp's Chapter 7 bankruptcy case was completed after filing in April earlier this year.  When he filed his petition he had an overwhelming amount of debt totaling close to $7 million.  Sapp's assets were just over $6 million which included personal items of value such as a signed boxing glove by Muhammad [...]