Recent reports from multiple news outlets have highlighted a recent dispute with a senior citizen from Florida and her issues with alleged violations from a debt collection firm hired by Bank of America Corp. The Wall Street Journal (WSJ) reports a Florida woman (plaintiff) has retained legal representation and filed a lawsuit regarding collection tactics used to [...]
Advantages of a Chapter 13 Bankruptcy Many people feel that Chapter 7 bankruptcy has more advantages since it is known to give consumers a fresh start by discharging outstanding debt whereas a Chapter 13 bankruptcy allows you to reorganize your debt with a repayment structure over a three to five year period. But what some [...]
If you're ready to make 2012 the year you finally wipe your financial slate clean and start over again, then congratulations: declaring bankruptcy is one of the biggest steps you can take towards reclaiming your financial future. But before you pick up the phone to call your Dallas bankruptcy attorney , you'll need to sit [...]
Considering Bankruptcy for Debt Relief? Bankruptcy is a federal court proceeding that allows debtors to solve their debt issues through liquidation or reorganization. Chapter 7 allows qualifying unsecured debt to be discharged while Chapter 13 restructures debt. In order to have debt discharged, debtors are required to get credit counseling by an approved provider. Chapter 7 bankruptcy [...]
Bankruptcy is always getting a bad wrap due to the fact that there are so many untrue statements about the process. In order to understand bankruptcy it helps to do research on the procedure. Bankruptcy has helped thousands of consumers gain control of their financial situations. Many people are quick to downplay bankruptcy as an [...]
Bankruptcy and Credit Card Usage If you're struggling under a mountain of debt, you might have already toyed with the idea of declaring Chapter 7 or Chapter 13 bankruptcy . Perhaps it was just a flitting thought, or maybe you're seriously considering it. But no matter what stage you're at in any pre-bankruptcy planning, it's [...]
Can I Add Debt to a Chapter 7 or Chapter 13 After I've Filed Bankruptcy? When you decide to declare bankruptcy you will report information about your creditors to your bankruptcy attorney. A schedule is completed that shows the names and addresses of each creditor. Usually you will have the opportunity to view the listing [...]
Filing Bankruptcy After Employment A lengthy period of unemployment often contributes to growing debt obligations. After finally gaining employment you feel like you have the opportunity to get your finances back on track, or at least, work toward getting your finances in better order. When you were out of work you may have explored the [...]
Bankruptcy Can Help Resolve Your Tax Problems When it comes to tax debt , most of us believe that the only way to get the IRS off our backs is to grit our teeth and pony up the penalties. However, while common wisdom may indicate that the only certainty in life is death and taxes, [...]
Bankruptcy has helped many consumers who have been struggling to pay their bills get a fresh start with their finances. The option allows you to discharge or wipe away qualifying debts with a Chapter 7 bankruptcy . Chapter 13 bankruptcy will restructure your debt into a manageable repayment plan. While bankruptcy lets you include a wide range [...]