Bankruptcy is a tool that should be used by people who have experienced a financial crisis and need help to recover and start fresh. A bankruptcy can do several things to help you if you're overextended and drowning in debt but there are certain things that a bankruptcy cannot do. The problem is that there [...]
Bankruptcy Myths Exposed When it comes to declaring bankruptcy, there are plenty of myths circulating out there - and some of them are doing serious damage to your finances. If you've ever put off filing for bankruptcy because you were embarrassed that everyone would find out or you put it off because you think it's [...]
If you recently moved from one state to another, there are certain rules that will impact where and how you file bankruptcy. Let's take a look at a few of those rules and other considerations a debtor must make before filing bankruptcy after a move: Where You Moved Certain bankruptcy rules could impact your case [...]
Determining Your Disposable Income When you file for bankruptcy you'll need to determine your disposable income. There are a couple different ways to do this, one is more involved and detailed, but you may want to use more than one method to see which result is more useful for you when filing bankruptcy. Your disposable [...]
What Happens When Your Ex-Spouse File Bankruptcy? If you've gotten divorced and your ex-spouse decides to file for bankruptcy your first instinct may be joy that you got out before things got bad. But don't gloat too long, you may actually be responsible for part of their debt. The first thing you should do is [...]
America has one of the most progressive bankruptcy codes in the world, but it's one of the biggest kept secret amongst both business and ordinary citizens. However, academics from around the country haven't overlooked how bankruptcy laws impacts entrepreneurship around the world. In a recent report published by Journal of Business Venturing, experts explore bankruptcy's [...]
What Bankruptcy Does to Your Spouse Married debtors filing for bankruptcy without their spouse often worry about how it may impact their non-filing spouse's finances and ability to get credit. Let's take a look at a few ways that bankruptcy could impact a non-filing spouse: Joint Credit Cards And Other Accounts If the bankruptcy debtor's [...]
It comes as no surprise that the onslaught of the recession - coupled with exposure of some pretty nasty lending practices - has brought on more than a few changes in the financial world. From mortgage to loans and everything in between, consumers are starting to notice a significant change in the way that banks [...]
If you've decided to file a Chapter 7 bankruptcy then you'll be assigned a trustee from a panel of people, typically lawyers. You will meet your panel trustee when you have your 341 meeting, which is where you answer questions about your assets and your financial situation. The panel trustee in a Chapter 7 is [...]
Do Women File Bankruptcy More Than Men? As politicians gear up for the 2012 elections, the number of bankruptcy filings by women continues to outpace men. While men filed their fair number of bankruptcies in the past few years, the number of women filers exceeded men by 150,000. When bankruptcy reform was considered in 2005, [...]