Why Hiding Assets and Property in Bankruptcy is Never a Good Idea
Hiding Assets & Personal Property When Filing Bankruptcy Hiding assets and personal property when filing bankruptcy not only jeopardizes the outcome of your case, you may face criminal prosecution and your debt may not...
Former Supermodel Janice Dickinson Files Bankruptcy
Janice Dickinson, 58, also known as the world's first supermodel, filed for bankruptcy protection after owing creditors close to $1 million. Her creditors include the Internal Revenue Service (IRS) and unpaid bills from plastic...
Bankruptcy Filings Increase Among Doctors
While many consumers struggle to make payments on their medical bills, there are doctors facing a similar struggle; except it involves keeping their businesses afloat. The American Bankruptcy Institute's health care committee has noticed...
Should a Personal Loan Owed to a Family Member or Friend Be Included When Filing Bankruptcy?
Personal Loans Eligible to Be Discharged in Bankruptcy One of the most important elements debtors should review when considering bankruptcy is how personal debt is handled by the court. When you file, you are...
Can Pay Day Loans be Wiped Out or Repaid in Bankruptcy?
Pay Day Loans and Bankruptcy Payday loans, also known as a cash advance, are short-term loans borrowers obtain against their next paycheck. While they seem convenient in helping you get necessary expenses covered between...
Protecting Assets in Bankruptcy: Personal Property Debtors Commonly Forget to List When Filing
When bankruptcy is filed, debtors are required to list assets and personal property as part of the bankruptcy estate. While common items such as saving accounts, jewelry, homes and vehicles are included, there are...
Understanding Income Eligibility for Chapter 13 Bankruptcy
Income Eligibility for Chapter 13 Bankruptcy Chapter 13 bankruptcy is a repayment plan approved by the court. This can be a suitable option for debtors who want an affordable payment plan for their debt...