Filing for a Dallas bankruptcy should be a straightforward, relatively painless process. All you have to do is report your liabilities and assets to your Dallas bankruptcy attorney, ensure that you follow his or her advice carefully, and wait for just a few months for your debts to be discharged. However, like love, the course [...]
When Should You Stop Paying Your Bills During Bankruptcy Let's face it: you dream of the day when you can finally finish paying your bills and declare yourself as debt-free. But with the shape your personal finances are in, you don't foresee that day coming for a long time. So instead of declaring bankruptcy in [...]
Debtors overwhelmed with credit card debt may look to file bankruptcy to help them get a fresh start. While there are qualifications to being eligible to file there is also the possibility of a credit card company protesting or blocking your petition. The chances are relatively small and there are measures you can to reduce [...]
MSNBC recently did a report on the effects unpaid student loans are having on thousands of Americans, and from the looks of it the economy may suffer if those who owe on outstanding loans don't get the financial relief needed in order to stay afloat. More and more people owe thousands toward these loans and [...]
Reasons for Bankruptcy Dismissal Debts are eliminated if they are discharged in a bankruptcy but in a dismissal debts will not be eliminated. A dismissal of bankruptcy occurs when the case is terminated by a federal judge and there are several reasons why this action may happen. The most common reasons for bankruptcy dismissal are listed below: [...]
What is the Means Test? The means test helps in determining eligibility for Chapter 7 bankruptcy by reviewing personal income. Chapter 7 has specific income requirements that must be met in order to file. If you are determined to be in a higher income bracket, you'll likely be eligible to file Chapter 13 bankruptcy . [...]
If you are in a Chapter 13 bankruptcy and you experience any reduction in your income, you may be able to file Chapter 7 bankruptcy under certain circumstances depending on your qualifications. There is a means test that can be taken to determine eligibility. The procedure for converting chapters may vary depending on what jurisdiction [...]
Debtors looking to seek bankruptcy protection often are unable to make debt payments or want to have their debt reorganized so that it is easier pay on what is owed. Bankruptcy can help debtors deal with their finances but certain financial decisions made before filing may make your case more challenging and even decrease chances [...]
To many consumers, this may be an odd question since the overall purpose of bankruptcy is to eliminate debt. While many debtors often include credit card accounts they are unable to pay, some may have a credit card account that is in good standing. A debtor may feel that the account in good standing may [...]
There's no denying that each individual will need to approach the issue of personal bankruptcy in his or her own unique way. However, with that being said, most individuals express the same concerns when filing for Chapter 7 or Chapter 13 bankruptcy . They worry that they'll end up losing their homes, or they're concerned [...]