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 [...]
When a Spouse Doesn't Report All of Their Income at Divorce It's common for spouse to hide assets such as income during a divorce and for obvious reasons. They either feel they won't have anything left after property is divided or they are upset and bitter at their spouse and feel they are not entitled [...]
Don't Qualify for a Mortgage Modification? Mortgage modification may help you obtain a more affordable mortgage payment by adjusting loan terms. While the option seems obvious, especially if you're struggling to make mortgage payments and facing possible foreclosure , what happens if you are turned down for a modification? It's possible you may qualify for [...]
Divorce papers include important information that should be drawn carefully. It is often necessary to retain legal representation since certain provisions may include legal technicalities. Divorce papers may include information about child support, custody arrangements, property settlement and so on. The papers help many not only plan for life after divorce but also help to [...]
Digital Domain Media Group Inc., known for creating eye-catching digital effects for movies such as "Titanic" filed for Chapter 11 bankruptcy this week. The company, founded by director James Cameron, plans to sell the business for an estimated $15 million to a private investment firm. While the company has been in business for 10 years, [...]
Journal Register Company seeks bankruptcy protection again in efforts to reduce costs through selling company assets. The company is parent to 18 newspapers with media properties throughout 10 states. The filing is the second time around for the company, even though it just exited bankruptcy in 2009. The Chapter 11 bankruptcy will help the company [...]
New Salem Missionary Baptist Church in Tampa, Florida seeks Chapter 11 bankruptcy protection in wake of pending foreclosure proceeding from Fifth Third Bank. The church is led by Rev. Henry Lyons, known for creating controversy by scandalizing The National Baptist Convention USA during the late 1990's. Trustees of the church claim they made the decision [...]
When a person or business seeks bankruptcy protection, some may wonder how a filing offers protection. When bankruptcy is filed a protection order known as the automatic stay becomes effective immediately. The action is a welcomed relief effort that gives debtors a chance to review their situation and seek the best solution without pressuring collection [...]
Retirement Accounts and Chapter 13 Bankruptcy Contributing to a retirement account such as a 401 (k) during Chapter 13 bankruptcy continues to be a challenging topic in federal court. There was a recent ruling by the Bankruptcy Appellate Panel of the 9th Circuit that ruled debtors cease voluntary contributions during their Chapter 13 repayment period. Yet, [...]
Getting Sued for Past Due Debt? Being sued for unpaid debt is a possibility but you may be able to avoid legal action. It's common for debtors to forget or ignore the fact they owe money on an old or past due debt until a summons is received catching you off guard. Avoiding a lawsuit [...]
