In what is being considered the largest municipal bankruptcy filing in U.S. history the city of Detroit seeks Chapter 9 protection. While the move was anticipated for some time by financial analysts, the city has seen a significant decline in a number of ways over the last several decades. The filing is being seen as [...]
Bankruptcy exemptions play a significant role during the filing process. They help debtors obtain protection for their assets and personal property against creditors. In short, exemptions provide legal options for debtors to keep their possessions during and after bankruptcy. Chapter 7 bankruptcy exemptions help determine what you can keep, while Chapter 13 bankruptcy exemptions help [...]
Filing for bankruptcy can help you keep your assets legally without having them seized by creditors to satisfy an outstanding balance or past due debt. Yet, some who file think they need to hide or withhold information about their personal property in order to retain it. This action may lead to bankruptcy fraud charges, hefty [...]
A California business man and an attorney were recently convicted in a multimillion dollar bankruptcy fraud and money laundering scheme that carried on for a number of years. Steven Zinnel, 49, of Gold River and attorney Derian Eidson, 49, of Yorba Linda, will both be sentenced later this year their roles in the scheme that [...]
Monthly Payments For Chapter 13 Bankruptcy Debtors who are struggling to make payments may find Chapter 13 bankruptcy helpful for a number of reasons. For some, it helps them make their money stretch further while still being in good standing with their creditors. For others it helps them keep their property due to falling behind [...]
Married couples may benefit from filing a joint bankruptcy petition under certain circumstances. Couples may save money during the process and gain adequate protection for assets and property between them. Yet, there are a few details to review in understanding the process and whether a joint petition is the best option. The process is similar [...]
Falling Behind on Mortgage Payments Filing for bankruptcy has helped many debtors save their home by giving them more time to get caught up on payments or even prevent foreclosure. But, if you are considering Chapter 7 as an option regarding missed mortgage payments, you may need to review this with your bankruptcy attorney to [...]
This is a common question among debtors who either don't own their home, or are still making mortgage payments. Some homeowners worry about what will happen to their house when they file chapter 7 bankruptcy. It helps to understand your options prior to filing based on your unique situation. In most cases, debtors end up [...]
Bankruptcy may help stop a number of collection attempts from creditors depending on your situation. Many people have a habit of ignoring or neglecting collection notices from creditors and wait too long to begin the filing process. Meaning in some cases, it may have made sense legally to file sooner to avoid further action being [...]
Whether you are struggling in getting debt obligations paid such as medical bills, personal loans, credit card debt, mortgage payments, or student loan debt, chances are you are not alone. Every year bankruptcy is filed by millions of consumers who are tired of struggling in trying to make ends meet and want a fresh start. [...]