How Does The Bankruptcy System Protect Your Privacy?

Filing for bankruptcy protection is a necessary tool at times, but many Americans hesitate to make use of it for a variety of reasons. One of the biggest is the fear of their personal and financial details becoming public knowledge.  If you worry about this, though, know that the bankruptcy process protects your privacy in several important ways. Here's what you need to know about three of them. 1. Redaction of Details

Settling Debts With Creditors Via Chapter 13 Bankruptcy

Certain situations in life cannot be predicted, such as falling behind on paying bills due to getting injured, losing a loved one, or a similar situation. Unfortunately, creditors still need their money when someone is experiencing financial difficulties and they will take action to get paid. Phone calls from creditors are frustrating to deal with and can cause more stress in a financial situation that is already difficult. If you are ready to satisfy the creditors so the phone calls will stop but cannot pay the debts upfront, consult with a lawyer about filing bankruptcy.

4 Reasons To Consult A Bankruptcy Attorney Long Before Filing

Do you struggle with debts beyond your ability to repay? If so, you may be considering filing for bankruptcy in order to get your financial life back on track. But even in these early stages, should you consult with a qualified bankruptcy attorney long before you actually file? Yes, and here are four of the most important reasons.  1. To Decide on a Chapter Bankruptcy claims are filed under one of several chapters of the bankruptcy code.

A Brief Introduction to Bankruptcy

If you feel like you are being smothered by your debt, then you need to take charge and do what you can to rectify the situation. If your bills are out of hand, and you feel like you are never going to catch up, then you should consider talking to a bankruptcy lawyer. You can learn more about Chapter 7 bankruptcy and some ways a bankruptcy lawyer can help in this article:

Top 4 Things To Know About Bankruptcy Lawyer Services

Bankruptcy law is a legal process in which individuals or businesses can file for relief from their debts. If you consider filing for bankruptcy, it's essential to know what bankruptcy attorneys can do and how bankruptcy law differs from state to state. Here are four things you should know about bankruptcy lawyer services before hiring one. What Is Bankruptcy Lawyer Services? Bankruptcy law is not as easy as it may appear.

What Everyone Should Know About Chapter 7 And Chapter 13 Bankruptcy

Bankruptcy can be a way to give yourself a fresh start when you are unable to pay back your debts. However, there are several ways to file for bankruptcy, which can make it difficult to figure out which one is best for you. You'll likely be picking between Chapter 7 and Chapter 13 bankruptcy, which are used by individuals rather than businesses. Each is very similar throughout the entire process.

What You Should Know About Chapter 13 Bankruptcy

A chapter 7 bankruptcy and a chapter 13 bankruptcy are very different. Chapter 7 bankruptcies last only a handful of months before it is discharged and you don't have to pay back your debts, but a chapter 13 bankruptcy lasts a few years and you are set up with a payment plan you can afford so you pay back your creditors. In a chapter 13 bankruptcy, the trustee manages your payments and pays your creditors back for you with payments you make each month.

Using Bankruptcy Protection For Relief From Your Debts

Bankruptcy is an important type of legal protection for individuals that have gotten themselves into trouble with excessive debts. Chapter 13 bankruptcy protection is among the most popular types due to debtors being able to avoid liquidation of their assets. Yet, despite the friendlier terms for applicants, it is still necessary to be as prepared as possible for the process of filing for bankruptcy. Determine Whether Chapter 13 Is A Viable Option

Discharging Your Debt Through Bankruptcy

If you are feeling the financial burden of your mounting debt, you may be considering bankruptcy as an option to help you get a fresh start. Filing for bankruptcy can be an effective way to help reduce your debt load, but only if you have the right kind of debt. Many consumers mistakenly believe that all of their outstanding debt can be discharged in a bankruptcy, but this simply isn't true.

Keep Up In Class: Financial Education Requirements For Bankruptcy

Many people have valid reasons for filing bankruptcy, and they file only after careful thought and after all other avenues have been exhausted. In fairly recent times, however, the large number of people filing for bankruptcy multiple times grew substantially, leading the government to amend federal bankruptcy codes. With the introduction of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, all bankruptcy filers were required to undergo two separate financial education classes.

How To Get Your Good Credit Back After Foreclosure

If you have gone through a foreclosure, then you may be worried that you are never going to be able to purchase a home again. However, this is not the case and you may be surprised at just how easy it can be for you to come back from a foreclosure to once again own your own home. This article will give you information on foreclosures and your credit score, as well as offer you tips on raising your score as quickly as possible.

Has Your Bank Made A Mistake? You Can Stop Your Foreclosure

Foreclosing on a home requires several steps that must be followed by the lender. Sometimes, the lender will make mistakes or will deliberately try to skip over some of these steps. A foreclosure that follows improper procedures is referred to as foreclosure fraud. But fortunately, there are ways to fight your wrongful foreclosure and either stop a foreclosure or receive compensation. You May Not Be in Default Some homeowners have been foreclosed on without actually being in default.

The Means Test And Bankruptcy

Whether you need relief from crippling debt, you have had unexpected medical expenses or you just made poor financial decisions, you may be able to make a fresh financial start with bankruptcy. If you are considering filing for bankruptcy, you should know that there are certain rules that regulate whether or not you are eligible to file. Bankruptcy courts take a hard look at your income and your ability to repay your debts before they allow you to declare bankruptcy.

Am I Eligible To File For Bankruptcy Under Chapter 7 Bankruptcy Laws?

Bankruptcy is a way that you can wipe out your unsecured debts and give yourself a much needed fresh start. Not everyone is eligible for using Chapter 7 bankruptcy though. Here is what you need to know to find out if you qualify.   Do You Have A History of Previous Bankruptcies? There is a waiting period between bankruptcy filings to prevent it from being abused. If you have previously filed for Chapter 7 bankruptcy, there is an 8 year waiting period until you can file for Chapter 7 again.

Answering Two Common Social Security Disability Questions

Suffering an injury or illness that results in you becoming permanently disabled can be one of the worst things that can happen to you. Unfortunately, these conditions can make it almost impossible for a person to support themselves financially, but this does not mean that you will have to fall into poverty. Social Security Disability is a program that is designed to act as a safety net for individuals that have found themselves in this situation.

Advice When Considering Filing For Consumer Bankruptcy

If you've found yourself in a difficult financial situation and cannot repay your debts, filing bankruptcy may be an option. The federal government has changed a few rules in order to allow people to file, so before you hire a bankruptcy attorney and begin submitting all of the paperwork, there are a few things you need to know. This information can help you file or even may help prevent you from having to file bankruptcy altogether.

3 Tasks You Need To Complete After The 341 Meeting

Once you get past the 341 meeting in your Chapter 7 bankruptcy case, you can breathe a little easier. However, there are still some tasks that you need to complete before your bankruptcy is finalized by the court.  341 Meeting The 341 meeting, or creditors' meeting, is a mandatory meeting in which your creditors can make challenges to the discharge of particular debts. Your creditors will have a chance to submit evidence that explains why the debt should stand and you be required to pay it.

Three Tips For Improving Your Credit After Bankruptcy

When you file for bankruptcy, it is inevitable that your credit is going to take a hit. Bankruptcy is one of the most influential events on an individual's credit score. With a subpar credit score, it is much more difficult to obtain and utilize credit. When a lender does extend credit to those with poor histories, it is generally at a high interest rate or riddled with fees. Taking steps to effectively manage your credit after bankruptcy puts you on the right track to improving your finances.

What Is The Difference Between Chapter 7 And Chapter 13 Bankruptcy

Many people are in a difficult financial position and are looking for a way to have some relief. There are a couple different types of bankruptcy and chapter 7 and chapter 13 are the most common. When many people talk about bankruptcy they are talking about chapter 7 bankruptcies. Here you will learn what the difference is between chapter 7 and chapter 13 bankruptcies so you can decide what route is right for you.

Get It Right The First Time: How To Avoid An Abusive Ruling On Your Chapter 7 Filing

Debt can feel like a sequoia tree hanging around your neck. Rather than enjoying a fun and fancy-tree lifestyle, you have to carry that burden of debt around with you wherever you go. Fortunately, laws exist to help you shed your past financial mistakes. Filing for a chapter seven bankruptcy is one way to shed your debts, but receiving a favorable ruling is far from a sure thing. A court may decide that you are abusing the intent of a chapter seven filing and rule against you.

3 Tips To Keep In Mind When Going Through The Bankruptcy Process

Filing for bankruptcy can be an incredibly big decision and you should never do it without compiling the right information. With this in mind, you'll want to be certain that you learn some critical tips that will help you prepare for your filing and make the right decisions along the way. To learn about a few tips that will help you make the most of your bankruptcy filing process, you should read this guide.

What You Should Know About Chapter 7 Bankruptcy

The second most people hear the term bankruptcy, they immediately put their guard up. They believe that bankruptcy is not for them, and that they are somehow better than that. This common negative association with bankruptcy is largely unfounded, and unfortunately, many people do not understand the truth about bankruptcy. Get to know some of the important facts about chapter 7 bankruptcy, specifically, so that you can understand the truth (rather than the misconceptions) about filing for bankruptcy.

Chapter 7 Bankruptcy And Sole Proprietorship: The Only Way To Discharge All Debt

When you own a small business, the only way can eliminate business debt without having to liquidate all of your business' equipment and holdings is with a Chapter 7 bankruptcy. However, as a bankruptcy attorney will inform you, there are some very strict rules to this procedure. The most important thing you can do prior to starting your small business is to investigate how to eliminate business debt in the event that you get in way over your head.