Debt is big business. That's why there are so many people out there invested in getting you indebted and keeping you that way. One of the ways they do this is by spreading myths about bankruptcy, which is the only legal way to have your debts forgiven. Let's take a look at some of the [...]
Carl Icahn and Dallas-based Beal Bank have appealed a bankruptcy court ruling that would give ownership of the casinos to Donald Trump, his daughter, Ivanka Trump, and company bondholders. Icahn and the bank claim the bankruptcy court made several mistakes in ruling against them. The Trumps and the bondholders, led by New York-based Avenue Capital [...]
Can Bankruptcy Stop Eviction? Many renters who have faced temporary money troubles and have fallen behind on their rent may be able to use bankruptcy to stop their eviction. However, the stay granted by bankruptcy is only temporary. And in some cases, an attorney representing that landlord may be able to get the stay lifted. [...]
Debtors who file for bankruptcy immediately enjoy some of the unique benefits offered to them under the law. Benefits of filing bankruptcy: Bankruptcy will stop creditors from calling you, sending you letters and prohibit them from demanding payment from you. Even if some of your debts are not legally dischargeable under the bankruptcy law, even [...]
When Creditors Challenge A Bankruptcy Filing While it doesn't happen often, sometimes a creditor may challenge a debtor's Chapter 7 bankruptcy or Chapter 13 bankruptcy filing. Reasons a Creditor Might Challenge a Bankruptcy Filing Below are some of the most common reasons a creditor might challenge a bankruptcy filing: The creditor has noticed that the [...]
When a debtor files for bankruptcy, they are required to have insurance on their vehicle even if it is exempt, fully paid for and the debtor says he is not driving the vehicle. Because the debtor's property becomes part of the bankruptcy estate when the debtor files for bankruptcy, the bankruptcy estate could be held [...]
When considering bankruptcy, many debtors only focus on the process; but the most important part of bankruptcy is after the debtor receives their bankruptcy discharge. It is the time after bankruptcy that the debtor is beginning their fresh financial start. So how does a debtor thrive after they receive their bankruptcy discharge? Let's take a [...]
The Fair Debt Collection Practices Act only governs certain types of debt and does not protect businesses who owe business debt. Debt requirements that must be met: The debt must be a consumer debt which was incurred for personal, household or family reasons. For example, if you have a credit card and used it to [...]
Can I File Chapter 13 Without My Spouse? Spouses can file for bankruptcy alone or they can file jointly. There are pros and cons to each and which one is right for you will depend entirely on your situation. If you are filing alone it’s important to consider what impact this will have on your [...]
About 75 percent of the people who file bankruptcy wait until they just don't have any other choice. They give various reasons for waiting to file bankruptcy; but below are three of the worse excuses for not filing bankruptcy earlier: Guilt. Guilt is never a good reason for delaying a necessary bankruptcy filing. But many [...]
