Bankruptcy Petition

Despite their many threats, it is simply not in the best interest of creditors to litigate every debt. The costs of going to court can be more than the amount recovered through a judgment. Therefore, if you are sued by creditors, chances are the amount in question is significant. The suit will probably allege the debt and enter... more »

For some debtors, filing Chapter 7 bankruptcy is a viable option for relief from harassing creditor phone calls, law suits and wage garnishments. For other debtors, filing Chapter 7 may cause loss of assets, such as bank accounts and real property. When considering this type of bankruptcy, knowing the pros and cons beforehand can help... more »

An individual's right to file for bankruptcy is protected under federal law. Although most people hope they never need to exercise this right, there are instances in which bankruptcy may be the best option available to someone who is overwhelmed by debt. Declaring bankruptcy can make it difficult to obtain credit in the future, and is... more »

Having found yourself facing foreclosure on your home, you may be wondering what options are available to you and what steps to take. The fact is that you actually have very few options. However, one course that you do have is filing a Chapter 7 bankruptcy. more »

The rules of procedure associated with the United States Bankruptcy Court differ significantly on a number of levels from those associated with the civil and criminal trial courts in the federal judicial system. There is a separate Bankruptcy Code of Procedure that is followed in these types of cases. Within the Bankruptcy Code of... more »