U.S. District Judge Otis Wright filed for Chapter 7 bankruptcy protection after reportedly being on the bench for just 5 years. According to the San Francisco Chronicle, Wright and his wife filed a petition in December 2011 and claimed to have over $895,000 in liabilities compared to their assets being worth nearly $833,000. An annual salary [...]
You've been attempting to pay off your debts to the best of your abilities. Whenever you get extra money, you throw it at your bills in the hopes that the mountain of debt you have will magically reduce itself. However, it seems that no matter how much money you make - or how much you [...]
In many situations, it may not be too late to add a creditor if you accidentally forgot to add them to your filing. Whether you are filing Chapter 7 bankruptcy or Chapter 13 bankruptcy , the process for some can be stressful so it's understandable this may happen. Upon realizing you left out a creditor [...]
Property Bankruptcy Can't Protect Fortunately, bankruptcy does protect a majority of personal property through exemptions. The exemptions allowed depend on the state and each state varies on how much is covered. There are different exemption categories for assets with each having a limitation on how much value is protected. Federal exemptions are also available and [...]
What is an IRS Wage Garnishment? IRS wage garnishment , also known as a wage levy, is a forced form of collection imposed by the Internal Revenue Service (IRS). This action takes place when a taxpayer fails to pay taxes. The process allows the IRS to withhold a certain percentage of paycheck earnings to put [...]
Ron Betenbough's company has been building homes in Texas for the last 20 years and has always been more than willing to compete by offering great prices. Now, however because of the number of foreclosures occurring, this has become difficult. He has now taken a new approach by creating construction that has features that save [...]
Being Sued by a Credit Card Company? Being sued for credit card debt makes many consumers nervous about dealing with the situation. The issue becomes more complicated if you're unsure if the debt is really yours or you can't afford to pay it. While creditors should be able to provide proof related to their claim, [...]
Dealing with debt collectors can be a challenging process whether or not you owe what they are trying to collect on. Debt collectors may exercise practices that are unfair in order to get debtors to pay. While it's true they can file a lawsuit for an outstanding liability, many feel that debtors are unaware of [...]
Determining the Right Bankruptcy Chapter to File If you are thinking about filing bankruptcy you may wonder which chapter is best for your financial situation. While you can get a better idea by discussing your circumstances with an experienced bankruptcy attorney, you may be able to gain an idea based how each chapter is meant [...]
Civil cases are typically private disputes between two people or smaller groups of people or even a company but a criminal case is when the actions of a person or a group of people is considered to cause or have the potential to cause harm to society as a whole. A civil case can be [...]