A Power of Attorney is a unique document that states certain transactions can be carried out by a designated party on behalf of a loved one.  Such documentation may be drawn up when a hospitalization occurs or when a person is unable to complete certain tasks.  So if you have Power of Attorney for the [...]

When a debtor seeks bankruptcy protection by filing either Chapter 7 or Chapter 13 bankruptcy , it includes debt accumulated prior to their filing. This means debt obligations included in the current petition filed was accumulated before the decision to file. Debt incurred after you file your petition is known as post-petition debt. This debt [...]

There is no question that many people are struggling with their finances and the thought of filing for bankruptcy can be scary. You are not alone, many people feel the same way in tough times. The truth is if you have the support of a responsible attorney you can be best prepared for the hurdles [...]

Debt Limit For Bankruptcy Debtors considering bankruptcy likely will have different amounts of outstanding debt.  The type of debt may also vary with some debtors having more unsecured debt, such as medical bills or credit cards , than others.  Some debtors believe that if they owe too much money their bankruptcy case may get denied [...]

Bankruptcy offers different exemption systems for debtors who file. In Chapter 13 bankruptcy exemptions may help determine what payment arrangements are created for your repayment plan.  In Chapter 7 bankruptcy they can offer protection of assets from creditors.  In most cases, the exemptions you are eligible for will depend on the state you reside in.  [...]

If you're struggling to make payments on debt obligations you may wonder if filing for bankruptcy is an option. For some, they have been making payments for several years but feel stuck when they realize their finances are out of control. Whether it's become a challenge to make minimum credit card payments , mortgage payments [...]

Have Multiple When Filing Bankruptcy? If you have multiple vehicles when you file bankruptcy, it's likely you'll be able to keep them thanks to bankruptcy exemptions. When you file bankruptcy you are entitled to exemptions that can help protect automobiles.  The exemptions are available at different levels including state and federal.  While there are exemptions that [...]

Unemployed During Bankruptcy It's possible a job loss could affect the outcome of your case, yet it depends on which chapter you've filed. Losing your job will likely have an impact on how you maintain assets such as your vehicle and home. How your job loss affects your case may vary but unemployment benefits may [...]

The Bankruptcy Court requires debtors who file for bankruptcy protection to complete a financial management course before a discharge is granted for your case. Part of the reason for the requirement is due to changes made in bankruptcy laws in 2005. The credit counseling and financial management requirements are there to educate and inform debtors [...]

Cash Advances and Bankruptcy A cash advance is known as either a payday loan or cash withdrawal from a credit card. A cash advance as a payday loan allows consumers to borrow money against their next paycheck. A cash advance as a withdrawal from a credit card allows consumers to withdrawal money from their available [...]