Bankruptcy is commonly seen as a last resort to overwhelming financial problems. Debtors often understand their debt situation better than anyone else and if other options have been exhausted, bankruptcy may be a plausible idea. Sometimes it makes financial sense to file for protection instead of continuing to let yourself struggle to make payments you [...]
It's no exaggeration to say that personal bankruptcy is the last taboo in America. Let's face it: more people than ever are filing for Chapter 7 or Chapter 13 bankruptcy , yet no one wants to talk about the filing process, or even what bankruptcy really means. Thanks to this taboo attitude, there are numerous [...]
Missteps of Filing for Personal Bankruptcy When filing for personal bankruptcy, you might believe that only fraud can prevent you from successfully discharging your debts. However, there are a number of missteps you can take on the path to a clear financial slate. Therefore, if you want to successfully file for personal bankruptcy, here are [...]
The National Association for Consumer Bankruptcy Attorneys (NACBA) is pushing to have the bankruptcy code revised to change the way student loans are being treated according to a recent report by Reuters. The bankruptcy group feels that college graduates should be allowed to get student loan debt discharged; an argument that is being presented to [...]
Bankruptcy Alternatives in Dallas If you're looking into bankruptcy alternatives in Dallas, then you stumbled across this article just in time. While bankruptcy is certainly the best option for those individuals struggling under a mountain of debt, there's no denying that this solution should be approached with plenty of thought and rationale. Bankruptcy is a [...]
What You are Obligated to Pay During Chapter 13 Bankruptcy Chapter 13 bankruptcy is a repayment plan that helps reorganize outstanding debt. The purpose of this filing is to create a payment plan that will help you handle debt over a certain time period. There are guidelines that should be met upon filing including meeting [...]
Bankruptcy fraud is not taken lightly as one former resident of Toms River, New Jersey recently found out. Bryan Young, 39, may face criminal charges related to bankruptcy fraud, according to an announcement from United States Attorney Paul J. Fishman. Young filed a Chapter 7 bankruptcy petition in November 2008 but evidence has surfaced after [...]
Keeping Your Tax Refund After You Filed Bankruptcy Tax season can be an exciting time of the year for those who are expecting a large refund but if you are set to file bankruptcy, you may wonder if your refund will be targeted by the bankruptcy trustee. While your tax refund may be considered an [...]
Lowering Credit Card Rates After Bankruptcy At first glance, the title of this article might seem a little ambitious to you. After all, if you have credit cards after personal bankruptcy, you just may feel grateful that you even have access to credit. Therefore, you may be willing to put up with any interest rate that [...]
Credit & Debt Counseling Requirements For Bankruptcy If you are considering filing for bankruptcy, you'll want to review the credit counseling requirements that need to be completed in order for debt to be discharged. There are organizations that have been approved by the federal government to provide credit counseling and debtor education. Debtor education is [...]