When employment ends abruptly or when it's not your fault, it's more likely that you'll qualify for unemployment benefits. Each state has procedures in place in order to determine eligibility when opening a new claim. The same is true for reopening a claim. Depending on state regulations, an existing claim may be reopened if you [...]
A credit card company or creditor may sue when payments on an account are no longer being paid. Winning a lawsuit against a credit card company or creditor may seem slim if evidence is provided to the judge showing you owe the credit card debt . While losing a suit isn't the end of the [...]
In most cases, if a credit card belongs to one person, the same individual would be responsible for debt incurred on the card. When your deceased spouse has credit card debt , there are different factors that help determine who is responsible for paying the debt upon death. When a spouse passes away, it will [...]
When you first make that appointment with your bankruptcy lawyer, you will have one primary goal: to get your biggest debts discharged by the bankruptcy courts. However, this does not always go according to plan. For example, you may discover that one of your biggest debts is not dischargeable, or that your job salary is enough [...]
Property Can You Keep After Bankruptcy You're afraid of filing for bankruptcy because you believe that you won't be able to keep all of your property after bankruptcy or so you have heard. You are terrified that as soon as you submit that paperwork, you'll discover that your home, car, and other possessions now belong [...]
When you file to have your debts discharged under a Chapter 7 bankruptcy , you might expect things to be approached in a straightforward manner. After all, once your bankruptcy attorney has filed for a Chapter 7 bankruptcy, it only takes a few months for the courts to look over your debts, decide what can [...]
According to the Washington Post, earlier this week Senate Majority Whip Richard J. Durbin (D-Ill) called for rules to be changed regarding student loan debt being discharged in bankruptcy. At a judiciary hearing Durbin addressed what consumer groups are calling the nations next potential "debt bomb." The Federal Reserve Bank of New York claims close to [...]
Bankruptcy and Income Tax Debt Dealing with income tax debt can be frustrating and for some, overwhelming. Bankruptcy has been known to help deal with credit card debt , medical bills and even helping people keep their homes, and the process may help with income tax debt. It's not uncommon for consumers to ask about [...]
Income Tax Refunds and Chapter 13 Bankruptcy Can I Keep My Tax Return in Chapter 13? Each case varies upon individual circumstances but your bankruptcy trustee may make the decision based on that status of your case. If you are current on your repayment plan, it's likely you'll be able to keep a refund up [...]
Filing Bankruptcy When You Are Self Employed Self-employment can be challenging in different aspects since you are in business for yourself. A sole proprietor or an independent contractor most likely takes financial risks to help get the business off the ground. But for some, it leads to debt that becomes too difficult to handle. Many [...]