Are you getting what you paid for when you decided to file bankruptcy? Don't look now, but your bankruptcy attorney may be robbing you blind. When it comes to filing for bankruptcy, too many of us look at them like a visit to the dentist: it's painful and complicated - but sometimes a very necessary part [...]
Harrisburg, Pennsylvania tried to join the growing number of municipalities who have exercised their right to file Chapter 9 bankruptcy; but now they face legal challenges by the state. Seeing that the city was poised to file bankruptcy, the governor and state legislature designed a law to stop Harrisburg, now they want a U.S. bankruptcy [...]
When it comes to covering massive amounts of bills or finding the funds for financial emergencies, many people turn to loans, rather than filing for bankruptcy. Thanks to the negative stigmas surrounding bankruptcy, many people avoid it - and that often is to the detriment of their financial freedom. You may think you can afford [...]
Thinking About Using A Bankruptcy Petition Preparer? Many debtors believe they can't afford to file bankruptcy; but at the same time they know that without bankruptcy they won't have the power to protect their income and assets from aggressive creditors. Unfortunately, the solution they come up with is to take shortcuts. One of these shortcuts [...]
If a debtor is filing Chapter 7 bankruptcy and wants to keep property that has a loan attached to it, they may want to consider a reaffirmation agreement. However, there are a lot of things about reaffirmation agreements that debtor's either don't know or don't understand. And because reaffirmation agreements are binding after the bankruptcy [...]
American Airlines and its parent company, AMR Corp. has filed for Chapter 11 bankruptcy protection. American, which was the only airline to avoid bankruptcy after the September 11th terrorist attacks in 2001, has fallen behind competitors who used bankruptcy to trim labor costs and restructure their debts. Speculation about an AMR bankruptcy grew in recent weeks, [...]
When it comes to the motivation behind applying for a Dallas bankruptcy (be it a Chapter 7, 11 or 13 bankruptcy), there are financial dry spells - and then there are financial emergencies. And unless you can tell the difference between the two, then you put yourself - and your finances - at risk for some [...]
To further its efforts to avoid bankruptcy, Eastman Kodak Co. has changed law firms hoping that a new firm can help it restructure its debts outside of the bankruptcy process. Kodak is intent on avoiding bankruptcy, a person familiar with the matter said. That is even though some of Kodak's biggest challenges involve expensive leases, [...]
Refinancing a Mortgage After Bankruptcy Within a year or two after receiving a bankruptcy discharge, many debtors can refinance their mortgages under certain circumstances. Let's take a look at a few qualities mortgage lenders look for in post-bankruptcy debtors: Payment History Mortgage lenders want to see at least 12 consecutive months of on-time mortgage payments [...]
When a debtor files Chapter 13 bankruptcy with a mortgage they may choose to keep their house and continue to pay the mortgage. However, because of the length of Chapter 13 bankruptcy cases, they may find themselves facing troubles paying their mortgage a few years down the line. If this happens there are a few [...]