For consumers considering bankruptcy protection, you may be unaware of the credit counseling requirement needed in order to file your petition. There is also a financial management courses that are required in order for debts to be successfully discharged. Many may not be fully aware of the second course requirement since it is different from [...]
Making the decision to file bankruptcy brings you one step closer to achieving the fresh start you're looking to achieve. In regaining financial control you want to ensure you follow the process thoroughly in order to obtain a favorable outcome. One of the most important aspects in establishing a positive working relationship between you and [...]
Bankruptcy and Credit Card Lawsuits Bankruptcy has the ability to cease or delay legal action from lawsuits related to credit card debt . How the filing process provides a solution for the issue will likely depend on which chapter you file; whether it be Chapter 7 or Chapter 13. For the most part, debtors may [...]
Filing for Bankruptcy Without an Attorney Filing for bankruptcy without an attorney, also known as "pro se," may not be as easy as it seems since it can be a challenge to complete successfully. Cases filed with the bankruptcy court need to be handled appropriately in order for the court to consider discharging debt associated [...]
Legendary Grammy-winning singer Dionne Warwick has filed Chapter 7 bankruptcy protection in the state of New Jersey. Warwick reportedly owes millions in tax debt to the Internal Revenue Service (IRS) and the state of California. Her representative claims the massive debt is due to mismanagement of finances during the late 1980's and 1990's. Warwick's legal [...]
Debtors considering bankruptcy may be aware of the credit counseling requirement needed for filing. You are required to complete a credit counseling course before you file and then a financial management course before your discharge can be granted. This qualification became effective when the bankruptcy code was revised in 2005. The idea is to [...]
Will Bankruptcy Affect My Partner? There are a number of questions that folks have concerning how their past debt and bankruptcies will affect their partner’s credit score once they are married. There is no reason to be concerned that you will be hurting your partner by bringing debt or a poor credit rating into a [...]
If you file for Chapter 7 bankruptcy , you may not need to worry about your tax refund if you take simple steps to plan beforehand. If you are anticipating a refund or you have received it and you plan to file for protection, it is likely you want to know what will happen. [...]
Debtors often expect creditor collection attempts to stop immediately when they file for bankruptcy protection. Sometimes the creditor isn't aware of the filing yet, which explains the collection correspondence you've just received in the mail. But, what if their attempts are still ongoing including phone calls at home, work and even attempts by mail? An [...]
Chapter 7 bankruptcy and Chapter 13 bankruptcy are powerful financial tools that help debtors regain financial control. Many consumers who consider bankruptcy as an option may not review differences between each chapter. In this sense, it is important to understand how each chapter works in order to get a clear idea on how filing may [...]
