Filing Bankruptcy

Bankruptcy is a last-resort financial measure that is typically reserved for use only in serious financial predicaments. However, even if you are in a bad financial position, it may sometimes work to…

Both corporate and individual bankruptcy can trigger a series of tax events for anyone involved; however, no specific "bankruptcy tax" exists. In corporate Chapter 7 cases where a court trustee…

Bankruptcy alleviates the financial burdens of debtors who are unable to meet their monetary commitments. Though bankruptcy helps ensure that no one has to remain a slave to debt, its purpose is not…

Most people who find themselves on the receiving end of a testamentary gift or an intestate inheritance consider themselves lucky. Others, usually those with a significant number of their own assets,…

Eligibility to claim a dependent on your taxes qualifies you for tremendous tax advantages. In addition to the exemption allowed for your dependent, you may also qualify for the child tax credit, the…

If you receive real estate by way of an inheritance, how you record and file the deed depends on whether or not the property passes through probate. In either event, unless a mortgage needs to be…

Airline miles, while seemingly insignificant, can be important assets in the bankruptcy process. A debtor must fully disclose all assets and financial holdings when initially filing for bankruptcy,…

Bankruptcy offers a fresh start to debtors with debts of all kinds. A debtor with deferred deposit obligations is no exception. Such a debtor may file Chapter 7 or Chapter 13 bankruptcy to do away…

Your husband's filing for bankruptcy could affect you in many ways -- and for years to come. The Federal Trade Commission reports that bankruptcy is one of the most negative credit events possible,…

Extending personal credit to customers and allowing for monthly payments can create a challenging situation when a debtor dies. This puts you in the position of filing for the money owed after the…

The ex-spouse of a person filing for bankruptcy is informed of the legal proceedings when she has a financial interest in the case. The bankruptcy court sends a notice of bankruptcy filing to the…

The United States Bankruptcy Court has jurisdiction over all claims of bankruptcy by individuals and corporations. Although representation by an attorney is not required to file for bankruptcy, many…

Foster parents temporarily take care of children who cannot live with their legal guardians for a period of time. Sometimes foster parents adopt foster children, becoming their permanent guardians;…

Bankruptcy can be a useful tool for debtors who face large debts from which they'll never recover, but it's not a guarantee to get out of all your financial obligations. As with any major financial…

"Waste managment" is the 21st century's answer to the "garbage collectors" of the past 100 years. Far from the low-paying, simple job many might think it is, waste management require skill in using…

Working out of your truck can mean many things. Your mobile business may involve using your truck to complete your operations, or you may simply be using the truck to get you back and forth to the…

Debts that one or both spouses can't repay create stress in a relationship, and divorce and bankruptcy may be inevitable conclusion. Whether it is better to file for bankruptcy before or after divorce…

Bankruptcy laws are set by the federal government and do not differ from state to state, but it does help to know where to turn locally for resources and guidance. Residents of Moreno Valley will file…

Bankruptcy can provide great relief to you as a debtor, but to earn a bankruptcy discharge, you must first successfully navigate many federal and state bankruptcy laws. In Tennessee, you must follow…

Unpaid debts rarely disappear. And while your creditor may temporarily halt their collection attempts, they can sue you at a later date for payment. The consequences of going to court over an unpaid…

If you default on a loan, credit card or other financial agreement, your creditor may sue you to obtain a judgment for your outstanding balance. This usually happens when you default on an unsecured…

Deferred compensation plans work much like a 401(k) plan. They allow employees to set aside money for retirement in an account that allows investments to grow tax-free until the money is withdrawn.…

Generally, fault in a divorce has no impact on what assets a court might consider to be your sole and separate property. If you receive an inheritance, it is almost always your separate property…

If your lender has threatened to take your property or withhold some service in Waco, Texas, you want to put a stop to this as soon as possible, and the way to put a stop to it is to file for…

Throughout the bankruptcy petition, bankruptcy filers will see the following language: "I declare under penalty of perjury that the information contained in this petition is true and correct."…

A summary judgment for credit card debt is a judge's decision in a civil lawsuit based on evidence. Judgments in Massachusetts are valid for 20 years, meaning that the creditor may pursue collection…

Making the decision to file bankruptcy often takes a considerable amount of time and is fraught with many emotions. Being married does not mean that both parties must file for bankruptcy -- one spouse…

Many people file bankruptcy to get out of financial trouble, but those who don't have any bills except a mortgage and are in foreclosure file to stop a foreclosure sale or to keep a foreclosure case…

Bankruptcy is generally for those who would like to pay their debts but, due to misfortune, cannot. Debtors who have inheritances, arguably, are no longer in a position where they cannot pay their…

Although bankruptcy is typically a last resort for debt problems, filing for bankruptcy protection can help stop creditor calls and letters and can give you a financial fresh start. The two most…

State laws and even individual judges handle child support differently. However, as a general rule, the parents are responsible for the finances required to raise their children. If you cohabitate…

Missouri state law allows a car lender to repossess a car when the borrower defaults on the car loan. Auto lenders in Missouri must give the borrower advanced notice before the lender actually…

The bankruptcy court for the Middle District of Florida is located in downtown Tampa and has several local rules regarding the filing of motions and emergency motions. Unless for certain…

If you find yourself in the position of having just signed a new car lease agreement and discover, for whatever reason, that you're not in a position to honor it, your options are limited.…

Rental property can be a complicated subject in Chapter 7 bankruptcy because rental property does not qualify for a homestead exemption as a primary residence. Some people may be able to keep rental…

"Repossession," or "repo," is a term used to describe a creditor taking back property from a debtor who has defaulted on a secured property loan. In general, this term is only applied to actual…

The Bureau of Labor Statistics, a division of the United States Department of Labor, compiles salary data on teachers by state as well as for the nation. The BLS categorizes teachers by specialty and…

The Social Security Administration overpaid some recipients to the tune of $2.547 billion in 2009, according to the SSA website. Although you are supposed to reimburse the SSA for any overpayment of…

If someone who owes you money cannot pay his bills on time, he may file for bankruptcy. This would give him protection from his creditors while he gets his finances in order under court supervision. A…

If you inherit property within 180 days of filing for a Chapter 13 bankruptcy, there is a risk that it may be used to pay some of your debts. Luckily, a Chapter 13 bankruptcy is more flexible than a…

The effect of marriage on bankruptcy depends on several factors. Whether you file bankruptcy before, during or after your marriage could affect the results of your individual bankruptcies. Whether or…

An attorney's fees for bankruptcy vary by state and with the circumstances of your financial position. When you retain an attorney to file bankruptcy, always schedule a consultation with at least…

Nurse-midwives, otherwise called certified nurse-midwives, or CNMs, play a very special role in the medical community. They offer prenatal and neonatal care, gynecological exams, personalized advice…

Due to the negative consequences that follow a bankruptcy, debtors should consider this legal proceeding as a last resort. But if you are constantly being harassed by creditors or if you have an…

When you file bankruptcy, you grant the bankruptcy court permission to examine your financial affairs and administer your financial assets. While in many cases the court does not sell or take…

The past decade has seen a terrible economic downturn, from drops in stocks values to increases in foreclosures and unemployment. If you lose your job and you have a lot of debt, bankruptcy can be a…

The U.S. bankruptcy code contains provisions for petitioners who cannot afford the filing fees. As of 2011, the fee for filing Chapter 13 is $274 and $299 for Chapter 7. Typically, a petitioner must…

If you are negotiating the tricky waters of bankruptcy, you may find you need more time to negotiate with lenders or sell an asset. As a result, asking for more time to complete a task is fairly…

The active proceedings of a Chapter 7 bankruptcy can be relatively swift. You should receive your discharge in an average of 14 weeks from your filing. This is in contrast to a Chapter 13, which can…

The most important thing to know about a creditors meeting in Riverside, California, is that you must attend. If you file a bankruptcy petition in Riverside, you cannot receive a discharge of any of…

As a debtor, you do not have an automatic right to cancel a Chapter 7 bankruptcy case. You can, however, file a motion to have the case dismissed. A judge will hear reasons for the dismissal and…

Income plays a large role in bankruptcy calculations, particularly if you are filing a Chapter 7 petition. Since Chapter 7 bankruptcy allows debtors to avoid up to five years of payments that are…

Bankruptcy affects all loans for which a debtor is responsible, including any car financing such as a lease. The bankruptcy discharge eliminates any and all obligations that the debtor has to pay for…

Filing for bankruptcy usually stops all collection practices against you, including liability lawsuits, until you emerge from bankruptcy. You may also elect to include civil judgments against you…

A bankruptcy in Riverside County, California, follows both federal rules that apply to all bankruptcy cases and local rules that only affect regional cases. In order to file bankruptcy successfully in…

Bankruptcy is one of the most severe steps you can take to repair your credit and eliminate. There are generally two types of consumer bankruptcy available: Chapter 13 and Chapter 7. With a Chapter 13…

When you get divorced, a judge may award your home to either you or to your ex-husband as part of the divorce settlement. If the judge awarded your home to your ex-spouse then your ex-husband can…

If a landlord files for bankruptcy, it is possible for him to be his own trustee if he files for Chapter 11 bankruptcy. Chapter 11, unique among the bankruptcy chapters, provides for the position of a…

In most cases, divorce courts won't allow one spouse to force the other out of their shared home while a divorce is pending. However, if your husband wants to evict you from the house during the…

Midwives earn their wages by administering primary care. As advanced practice nurses, midwives are found in hospitals, in clinics and in private practice, providing a variety of services such as…

Filing taxes with a bankruptcy can be difficult in the first few years after filing. The IRS does not require a taxpayer to list the bankruptcy on any tax return although the bankruptcy itself may…

If you live in Colorado and file for bankruptcy, officers of the federal bankruptcy court handle your case. Title 11 of the U.S. Code, the Federal Rules of Bankruptcy Procedure, the Federal Rules of…

You can file bankruptcy in Missouri regardless of how your income compares to your debts. Federal bankruptcy law doesn't require you owe more than you can pay, and some individuals file bankruptcy…

In North Carolina, as in other states, it's perfectly legal to file for bankruptcy multiple times. Federal law does require a waiting period between bankrupt filings, however. You will also have to…

Debt collection, often outsourced by creditors to third-party debt collecting companies, is frequently associated with bankruptcy. A debtor may be forced to file bankruptcy as a result of aggressive…

If you are an individual filing for bankruptcy, you must file for either Chapter 7 or Chapter 13 bankruptcy. If you have a spouse but do not want to include your spouse in your bankruptcy case, you…

Income issues from loss of employment or inadequate pay can cause you to get behind on credit card debt, loans and medical bills. After months of delinquency, creditors and lenders may file a lawsuit…

Bankruptcy is an option for people overwhelmed with debt. Chapter 13 bankruptcy is available to those with a steady income that can repay their debt over time, whereas Chapter 7 is for those without a…

You may know that student loans are practically impossible to escape through bankruptcy, but you can eliminate some of your other student debts in bankruptcy. At the very least, you might be able to…

Unemployment insurance pays you a percentage of your previous salary to help you financially while you look for work after you lose a job. The law requires employers to pay unemployment insurance for…

You cannot file for bankruptcy online. Bankruptcy proceedings take place in federal court. To file for bankruptcy, you must prove to the court you meet certain requirements. This means submitting…

Bankruptcy is a legal procedure that provides honest but unfortunate debtors a means of obtaining a fresh financial start without the burden of onerous debt. The U.S. Constitution granted the right…

Filing for bankruptcy during a divorce in Texas can be arduous, as you will be initiating another legal proceeding in addition to your divorce. One benefit of filing a bankruptcy during a divorce in…

One of the concerns that may keep you from filing bankruptcy in Pennsylvania is the fear that you may lose your vehicle or your home. In some cases, this is true. However, bankruptcy carries many…

If your fiancee is about to file for bankruptcy, or has filed for bankruptcy within the past 10 years, her credit has likely been damaged. While your credit report isn't affected by your fiancee's…

A bankruptcy filing by your spouse may have a substantial effect on your financial affairs due to the intersection of bankruptcy laws and state marital property laws. A bankruptcy will discharge all…

Many consumers choose to lease a new vehicle, taking advantage of the lower payments that allow them to purchase a more expensive car than they would otherwise be able to afford. If you run into…

When you get so far behind on your bills that your creditors start garnishing your wages and your bank account, you need to take action. The fact that you have been unable to pay your bills up shows…

In most cases of Pennsylvania bankruptcy, you cannot keep your house. Pennsylvania does not offer a homestead exemption law, according to Bankruptcy Action. If you do not own your house outright and…

A foreclosure is a stressful event in anyone's life. Of course, the most immediate impact is that you will lose your home and be forced to move. Unfortunately, the negative effects do not stop there.…

When contemplating a bankruptcy filing, it is important to understand what will happen to any assets you own. Part of the determination is based on the type of bankruptcy undertaken. For many people,…

A debt placed for collection with an attorney could signal the start of a debt lawsuit. That makes it a perfect time to file for bankruptcy -- if you are suffering from excessive debt overall.…

Converting an Oklahoma Chapter 13 bankruptcy filing to a Chapter 7 is occasionally necessary, by either the debtor or the trustee, if the debtor's financial circumstances deteriorate. Oklahoma follows…

Whether or not you keep your cell phone through bankruptcy depends on which bankruptcy chapter you file under, which state you live in and what you decide to keep through your personal property…

Bankruptcy does not discharge child support, but filing for bankruptcy often temporarily stops overdue child support payments and quite often wage garnishments for the purpose of overdue child…

You can file bankruptcy any time you wish, but it may or may not help you. If you buy a second house and then file for bankruptcy, you most likely will not be able to keep the second house. If you…

Bankruptcy is a complex legal step taken by millions. According to CNN Money, over 1.5 million Americans filed for bankruptcy in 2010 -- an increase from the over 1.4 million who filed in 2009.…

Chapter 7 bankruptcy provides relief for debtors who have few assets and no way to repay what they owe. The guidelines for filing Chapter 7 are established by both the federal government and state…

Chapter 7 bankruptcy is usually the fastest way you can discharge your debt in a bankruptcy court, with most cases only lasting a few months. However, to get a Chapter 7 discharge in Indiana you have…

When you file personal bankruptcy, it can affect your business as well as your personal life. Depending on your business structure and which form of bankruptcy you pick, your personal bankruptcy could…

There is no legal requirement that you remain in your residence after you file bankruptcy in Florida, and if you are undergoing eviction or foreclosure proceedings, you may have no choice but to find…

Filing for bankruptcy in Texas can be a challenging endeavor. In addition to filling out pages and pages of legal paperwork, you must be aware of how your actions may affect the success of your case.…

If you file for bankruptcy, you probably aren't eager to have the whole world know. Unfortunately, bankruptcy is a public record, meaning that anyone who knows where to look can find out that you…

Filing bankruptcy in Georgia, regardless of whether you hire an attorney, requires significant planning. Most Georgia residents choosing bankruptcy file either a Chapter 7 debt liquidation request or…

Filing bankruptcy in Florida does not have a specific time frame. It depends on which type of bankruptcy you file, whether you are filing yourself and whether you use an attorney. The most important…

A personal loan can be used for a variety of purposes, from paying medical bills to taking a vacation. Personal loan is simply a term used to describe a loan made to an individual for an undisclosed…

A married couple can file for bankruptcy together, or one spouse can file for bankruptcy on his own. If a person decides to file for bankruptcy without his spouse, the spouse owes a responsibility to…

When filing for bankruptcy, a debtor must list all of the creditors to whom they owe money and file that listing with the bankruptcy court. This listing is called the creditor matrix. The creditor…

The length of time it takes to settle a bankruptcy case depends on where you file your case, the type of case you file, whether there is fraud in your case and when you consider a case to be over.…

Bankruptcy allows financially struggling Texans to partially or fully eliminate their pre-existing consumer debts, including credit card and medical bills. While most bankruptcy laws are federal and…

Chapter 13 bankruptcy is commonly used by people to reorganize debts. It addresses all debts -- including those owed to family members. People filing for Chapter 13 are forced by federal law to…

The duration of a bankruptcy case in Tennessee depends on several factors, including the speed with which you can complete a bankruptcy petition and the nature of your individual case. For the most…

Bankruptcy relief comes in many forms. For the two main types of bankruptcy, Chapter 7 and Chapter 13, relief is in some ways similar, and in some ways different. Bankruptcy can provide you relief…

The Colorado bankruptcy process is similar to the bankruptcy process in all other states. The bankruptcy rules and regulations are established on a federal level meaning the rules for bankruptcy,…

Federal law provides four ways to declare bankruptcy to help debtors get a handle on overwhelming debts. These forms of bankruptcy are named Chapter 7, 11, 12 and 13 after the sections of U.S. law…

After a debtor files for bankruptcy, the federal bankruptcy court is required to notify the creditors involved. In some cases, creditors may receive compensation for debts set to be discharged in a…

U.S. states do not enact laws regarding bankruptcy eligibility requirements or filing options. When filing for bankruptcy in Michigan or any other state, you must comply with federal bankruptcy laws.…

Several relief options are available to homeowners who find themselves unable to make mortgage payments, yet do not want to let their home go into foreclosure. If owners have enough equity in the…

Bankruptcy is a legal procedure that takes place in a federal district bankruptcy court in front of a federal judge. The exact procedure varies depending on whether you file Chapter 7 or Chapter 13…

The Founding Fathers placed the right and responsibility of creating bankruptcy laws with the U.S. Congress, under Article I, Section 8, of the United States Constitution. All bankruptcy case are…

Filing bankruptcy can be a difficult choice, since bankruptcy often carries long-term ramifications. In addition to the decline in your credit score, the fact that bankruptcy is a public record means…

Filing bankruptcy isn't always an easy way out of debt. The judge on your case could reject your discharge -- the decision that wipes out what you owe -- if she believes you've hidden information or…

Bankruptcy applications require detailed information about your income and expenses -- and your permanent street address. Alternate addresses are not acceptable except in some circumstances, such as…

Bankruptcy is a legal proceeding allowing you to get relief from your debts by filing a case in federal court. The two primary types of consumer bankruptcy are Chapter 7 Liquidation, which wipes out…

Filing for bankruptcy can be a very stressful process for debtors. Many worry that they could lose key assets that they would prefer to keep, like homes and cars. Fortunately, the bankruptcy laws in…

When you file for bankruptcy, you can get some major assistance from the courts in the form of eliminating your debt. However, bankruptcy does not come without major consequences. After you file for…

Most people who file personal bankruptcy in the United States choose Chapter 7 or Chapter 13, according to the book "How to File for Chapter 7 Bankruptcy." Some people who wish to combine business and…

After you file bankruptcy, you generally are not responsible for any of the debt you owed before you filed. As a result, your credit report will reflect your bankruptcy for a number of years, so that…

In spite of its nature as a federal proceeding, bankruptcy cases vary tremendously according to the specifics of state law. As a California resident, you must be aware of local bankruptcy rules that…

One solution for consumers with financial problems is filing for personal bankruptcy. The most common types of bankruptcy cases are Chapter 7 and Chapter 13, according to the book "How to File for…

When crushing debt bears down on you, and you see no possible way of paying your loans, bankruptcy may be your best solution, allowing you to move on with a fresh financial start. Car loans are a…

After going to the court, your creditor may get a judgment that legally declares that you owe a certain amount of money. A judgment gives your creditor the right to collect money from you. There are…

The results of filing for bankruptcy depend on the type of bankruptcy filed, amounts owed and debt types. Bankruptcies can help relieve consumers of burdensome debt, but a bankruptcy on your credit…

During the process of filing for bankruptcy, you may need to give up some of your property so that your creditors can be repaid on the way to getting a discharge of your debts. If you have a…

When you file bankruptcy in North Carolina, your case can have a number of different outcomes. Under some circumstances, the court can grant you relief from all of your debt, and you won't have to pay…

Federal laws do not offer a specific type of bankruptcy that only applies to credit cards, according to the United States Bankruptcy Court District of New Hampshire. People with excessive credit card…

Mortgage companies cannot prohibit a homeowner from refinancing a mortgage. However, mortgage companies can make it costly for a homeowner to refinance before a certain time period expires. The…

X-ray technicians, technically called radiologic technicians or technologists, perform diagnostic imaging using radiographic methods. The U.S. Bureau of Labor Statistics advises that X-ray technicians…

Many people declare bankruptcy after experiencing a variety of financial hardships. Loss of income, high credit card bills, collections and judgments, unexpected taxes and liens combine to create an…

Individuals may find themselves in a financial mess for a variety of reasons, including financial mismanagement, medical bills, job loss or divorce. Bankruptcy laws allow a person suffering from…

Chapter 13 bankruptcy can sometimes be used by a homeowner facing foreclosure as a way to save her home. A Chapter 13 filing in Connecticut and other states halts all debt collection efforts and puts…

Filing for bankruptcy can be complicated and emotionally draining. Some people attempt to file for bankruptcy on their own, while others seek official bankruptcy help. Credit counseling organizations,…

When pursuing relief via bankruptcy, you need to provide your bankruptcy attorney with a variety of financial documents. Your bankruptcy attorney will use these documents to prepare your bankruptcy…

Paying your debts prior to filing for bankruptcy can either help you or significantly damage the chances of having your appeal for relief approved. It is often better to stop paying your bills and…

Whether you can keep your car in an Arizona bankruptcy depends both on the value of your car and on how you want to handle your situation. In most cases, you can keep your car in an Arizona bankruptcy…

When a company that has stock trading in the financial markets files for bankruptcy, the results can be disappointing. Only if that company emerges from bankruptcy and goes through a corporate…

Whether you are owed a refund or you owe the IRS money, you will need to file any due tax returns prior to your bankruptcy finalization. However, if you file and are owed a tax refund, poorly timing…

Before you can file for bankruptcy, you must file last year's tax return and comply with minimum eligibility requirements. If you've previously filed for bankruptcy, wait until the designated time to…

Although consumer bankruptcies seem to be on the decline, according to the American Bankruptcy Institute, there were 1.5 million bankruptcy filings in 2010. A person can file for bankruptcy with or…

Taxpayers may be able to reduce their tax obligation by claiming either the standard deduction or by itemizing their deductions. A taxpayer who pays for a meal for herself and a client in the course…

When someone gives you stock as a gift, you then become the owner of the full value of that stock. At that point, you have the option of retaining the stock or selling it for a profit. Depending on…

Before deciding to file for bankruptcy, it is best to have a firm grasp on the process and its implications. By understanding what bankruptcy entails, you can better decide whether it is the best…

If you are filing for Chapter 13 bankruptcy, you must be bringing in a regular income to commence your case. Chapter 13 bankruptcy requires that you commit to a debt repayment plan. Under the plan,…

A certified nurse midwife provides support and assistance to a woman during childbirth as an alternative to obstetrical medical care. Certified nurse midwives also provide health care for women of all…

The federal bankruptcy code establishes the guidelines for filing the different chapters of bankruptcy. State bankruptcy courts may also establish local rules for filing that are specific to…

Bankruptcy can lead to a fresh start financially. However, the decision to file bankruptcy should not be made hastily. The advantages and disadvantages of filing bankruptcy should be considered first.…

A debtor files for bankruptcy when he is unable to pay their debts and is looking for protection from creditors and collections activity. In many instances, a bankruptcy discharge also eliminates any…

Consumers may file for bankruptcy protection under Chapter 7 or Chapter 13, depending on their situation. Debtors with few assets and low income may opt for Chapter 7 while Chapter 13 is better suited…

Making the decision to file for bankruptcy is never easy, but in some cases it may be the only option for eliminating debt. Residents of Maine can file for Chapter 7 or Chapter 13 bankruptcy…

When you file Chapter 7 bankruptcy due to financial problems, you risk losing some of your assets including your house. But if you have lived in Colorado for at least two years, you can use state…

If you file for Chapter 7 bankruptcy in Maryland, you will very likely lose your home. In bankruptcy law, a state's bankruptcy exemptions usually allow debtors to keep property, such as a home. The…

These days, most people need a car to get to work, so it would come as no surprise to a bankruptcy court that you financed a new car. Under Title 11 of the United States Code, you can file for…

The term "midwife" is derived from an Old English word meaning "with women," and is usually applied to individuals who may be either women or men who assist pregnant women with the delivery of their…

If you see no way to pay your debts, bankruptcy may seem like the best alternative. However, even when faced with foreclosure, you may be able to negotiate with your lender or find a government…

A divorce cannot only take an emotional toll, but a financial one as well. Attorney fees, support payments and a new set of living expenses can drive you to the brink of ruin no matter how frugally…

Bankruptcy is a financial maneuver that is often misunderstood. Many people believe they will lose their homes and all their possessions if they file bankruptcy. They also may fear being embarrassed…

Filing for bankruptcy is a serious financial process that places debts and assets in the hands of the bankruptcy court. The court appoints a trustee to manage the bankruptcy estate and take care of…

There's more than one way to lose your house in Chapter 7 bankruptcy. Even though Chapter 7 will wipe out your mortgage debt, your lender can still foreclose if you don't pay. In addition, a…

Bankruptcy laws are enacted at the federal level. The latest version of bankruptcy law applies to debtors across the country, including those wishing to file for bankruptcy in Oklahoma. You must meet…

Just because you file for bankruptcy doesn't mean you'll receive a debt discharge. Bankruptcy courts can deny a petition for failure to appear in court, refusing the court's orders, or because you…

In the world of finance there are two values given to an asset. They are the book, or accounting value and the market, or investment value. Accounting value is based on the value of an asset on the…

A person who has enormous amounts of debt, enough that his current income will not allow him to pay the debt off without going deeper into debt, may choose to declare bankruptcy. Bankruptcy affords a…

Bankruptcy is the legal process by which a debtor may ask the court for relief from debts owed to creditors. Bankruptcy petitions are filed in a federal court located in the state where the debtor is…

People needing to file for bankruptcy now can do so any time during normal court business hours. A streamlined bankruptcy application requires just minutes to complete, allowing an immediate filing to…

You can file bankruptcy whether you're single, married, divorced or widowed. The debts you're liable for may vary slightly with your marital status, but married or not, you still have the right to…

The Bankruptcy Abuse Prevention and Consumer Protection Act incorporated a means test into bankruptcy law. As a result, all debtors must take the means test prior to filing for bankruptcy. The means…

For many consumers, bankruptcy means placing their financial life on hold. The impact of bankruptcy spans the length of time the blemish remains on your credit report, which can mean little access to…

The actions you take in the 90 days before filing bankruptcy could affect your discharge in both Chapter 7 and Chapter 13 bankruptcies. By avoiding certain activities, such as actions the court may…

Financially struggling Californians have the legal right to file bankruptcy, but usually must pay for this option. California residents who economically qualify can file Chapter 7 to liquidate most…

There are a number of different options for dealing with outstanding debt, including debt management, debt settlement and bankruptcy. You can file for Chapter 7 or Chapter 13 bankruptcy protection…

Filing your federal and state taxes is not as daunting a task as you may think. The forms have an instruction booklet that provides line-by-line guidance. State taxes are easier yet because states…

A credit report is not an asset in the traditional sense, like a house, but you can leverage it like you would an asset. Creditors make most of their decisions using a mathematical formula called the…

At any given time, a company or individual may have dozens, hundreds or, in some cases, millions of individual assets. Each of these assets has worth, meaning that you can get some amount of money if…

When you're looking for debt relief, bankruptcy is sometimes the only option. You can get rid of most or all of your debt either in a Chapter 7 or in a Chapter 13 case. Sometimes, however, you may…

The anxiety and stress associated with a bankruptcy can be made worse by your husband's decision to file for divorce. Fortunately, any divorce proceedings must wait until after your bankruptcy case is…

The United States Bankruptcy Court acknowledges that filing for bankruptcy is an often complex and confusing task. Rules and regulations are numerous, and it does not help that people filing for…

A claim in bankruptcy is a right to payment from the debtor. Holders of claims are known as creditors in bankruptcy. For example, a credit card company is the owner of a claim against a debtor who…

Bankruptcy is a powerful legal tool that can cause favorable and unfavorable outcomes in your life. While you may emerge from a bankruptcy free from debt, you will carry the consequences of that…

Filing Chapter 7 bankruptcy allows you to walk away from the majority of your personal debts without owing any money. Because you get to leave your debts behind, many of your assets will be seized or…

Usually when an individual purchases a new home he does so with the expectation that certain factors in his life are going to remain stable and predictable. For many years this is how it was, however,…

For many consumers, bankruptcy is a logical option for relief from burdensome debts. Many if not all debts are forgiven or restructured, and collection actions against the debtor stop. Bankruptcy…

When a higher education is required, coming up with the money to pay for it can be difficult. One way many choose to get the money they need for school is through student loans. Student loans are…

Filing bankruptcy in a marriage can be a complicated decision involving no small amount of paperwork. The decision to file bankruptcy with your husband should be made only after considering all the…

Bankruptcy has a negative connotation, but it is designed to aid individuals who are struggling to repay their debt obligations. Undergoing a bankruptcy requires significant time and restrictions, so…

The goal of bankruptcy is to get you back on your feet financially. However, if your spending habits don't change or you don't take steps to raise your income, subsequent bankruptcies may become…

Bankruptcy is a debt relief process based in the federal court system. You can use bankruptcy to discharge debt, reorganize debt and repay debt. If your bankruptcy will result in payments to your…

Bankruptcy laws provide strict penalties for individuals attempting to commit fraud. Transferring property prior to filing for bankruptcy falls into "fraud" category. Serious consequences result when…

People burdened by excessive debt and constant harassment from debt collectors often turn to credit counseling for help. Counselors approved by the U.S. Department of Housing and Urban Development…

An attorney may charge $300 to $400 for a simple will, which takes about 1.5 hours to complete, if the attorney normally bills $200 to $266 per hour. A more complex will may take about five to 10…

Bankruptcy is a tough choice, and the idea of going through it more than once can be troubling. However, many people do find that they need to file more than once in their lives. Congress has made…

When you file bankruptcy, you don't have to lose everything you own. In fact, you may be able to keep a substantial amount or even all of your property, including your car. Best of all, you usually…

Any individual can file for Chapter 7 bankruptcy protection, and you don't have to be an attorney to do so. While a local bankruptcy attorney can certainly offer you insight into local practices and…

A 2005 Harvard study attributed over 60 percent of bankruptcies in the United States to catastrophic medical collections. When an individual becomes seriously ill, the bills can pile up. Even fully…

In the process of bankruptcy, the law sets down certain procedures that must be followed by the court, the debtor and the creditors. One of the most important roles is that of receiver, or trustee,…

Filing for bankruptcy may be attractive if you have a large amount of debt and you do not foresee a way to pay it off in the future. Before you can file for bankruptcy, you must go through the…

Filing bankruptcy should be a last resort, according to financial expert Gerri Willis at CNN Money; however, sometimes it's the best choice given the circumstances, even though it has a negative…

Each year at tax time you're faced with the decision of whether to do your taxes yourself or hire someone. Tax preparation can be a very time-consuming and confusing process for a novice, but it can…

Bankruptcy has the power to eliminate your unpaid bills and outstanding debts. As long as you qualify for bankruptcy, the court has the power to issue you a discharge, which eliminates your bills.…

Bankruptcy is a process that is supposed to help both debtors and creditors. Debtors can get relief from a crushing debt burden through a process called a "discharge," which means that certain kinds…

An automatic judgment is more commonly known as a default judgment. It is a legal decision by a judge after you fail to respond to a lawsuit. The judge's decision in favor of the credit card company…

An administrative officer of the bankruptcy court, called the bankruptcy trustee, may attempt to sell your house in a Chapter 7 bankruptcy if you have enough home equity. However, the trustee will…

Filing for bankruptcy is a major financial decision that can affect you for the rest of your life. Individuals commonly file for bankruptcy under Chapter 7 or Chapter 13 of the U.S. Bankruptcy Code.…

In bankruptcy, a consumer eliminates, or discharges, all eligible debts---including a car lease. Since you have no equity to protect, the bankruptcy treats the auto lease as it would treat an…

Chapter 13 bankruptcy is a common method used to avoid foreclosure. If you are a Connecticut homeowner who has exhausted all foreclosure prevention options, consider filing bankruptcy to eliminate…

Taking the first steps into bankruptcy means you're facing a daunting and often confusing process. In order to benefit from filing bankruptcy it's important to organize information so all of your…

Florida residents who are struggling with unpaid debt may turn to bankruptcy as a solution to their financial problems. Depending on your situation, you may file for bankruptcy protection under…

Bankruptcy involves federal law and a debtor must file the proper bankruptcy petitions in the closest federal district court in the state where the debtor lives. Before filing bankruptcy, a debtor…

Bankruptcy is a big financial move with long-reaching consequences and sometimes scary aftereffects. While combining households does not necessarily mean combining debt, one spouse's bankruptcy will…

The primary types of bankruptcy that private citizens should be aware of are Chapter 7 and Chapter 13, each named for the section of federal law describing them. The basic difference between the two…

Being sued after filing for bankruptcy can compound an already stressful financial situation. Bankruptcy law provides protection from creditors and collection practices during your bankruptcy as long…

Perseverance and patience come into play when you need financing following a bankruptcy. Scout out and compare all the possibilities to find the best loan for you. Lenders extend financing based on…

If you are married and your family is in a difficult financial situation, you can file for bankruptcy to manage your debts. You can choose to file jointly with your spouse or to file alone without…

A foreclosure action typically ends in a foreclosure sale and eviction. In the case of the sale, the house is either sold to the highest bidder in an auction or transferred to the possession of the…

When you visit a doctor or hospital, you've agreed to pay for services rendered. Thus, unpaid medical bills can lead to collection accounts on your credit report that are just as damaging as those…

You can file for bankruptcy during a civil lawsuit, even if the outcome of the trial has not been determined. However, filing before the outcome is known could be risky if the lawsuit is your only…

If you want to file for bankruptcy in Michigan as a partnership or corporation, you must hire an attorney. If you are filing as an individual, the court does not require you to have an attorney,…

In tort and bankruptcy law, entitled parties may have claims on the assets or belongings of an opposing party who has either incurred injury or failed to meet liability obligations, respectively.…

A debtor who wishes to file a personal bankruptcy case in Phoenix, Arizona, must do so in the United States Bankruptcy Court for the District of Arizona at the Phoenix location. The debtor should…

The fastest, cheapest way to file bankruptcy is to file an emergency petition with a simple three-page document. The form can be filled out in about 15 minutes without the help of a lawyer, and it is…

Any debtor who files bankruptcy a first time is allowed to file again and receive a second discharge. However, debtors who decide to do so can only file a second time after a certain number of years…

Inheriting money during a bankruptcy can have an impact on the debtor's bankruptcy case. In the eyes of the court, inheritance money is often a windfall for the debtor that could be used to pay off…

Several types of bankruptcy can potentially affect a person's assets. If he files personal bankruptcy, then he might have to relinquish some of his assets to offset creditor's losses, but retirement…

The U.S. Citizenship And Immigration Services is the federal entity responsible for providing immigration services, such as visas, as well as some services to U.S. citizens, such as adoption of a…

Whether you want to request a partial debt repayment plan under Chapter 13 or forgiveness of pre-existing debts under Chapter 7 in California, you don't necessarily have to hire an attorney to…

California homeowners contemplating bankruptcy should understand that bankruptcy could potentially result in the loss of the home. Whether you will lose your home in bankruptcy or not depends on what…

Bankruptcy allows people who have lived in California for at least six months to request partial or complete forgiveness of consumer debts. But this doesn't necessarily include tax liability. Senate…

Whether or not you can keep your house after filing a California bankruptcy case really depends upon the type of bankruptcy you declared, how long you've lived in the state and your financial…

Although the word "midwife" leads one to think of labor and delivery, nurse midwives actually provide health care services to women of all ages. Primary health care for women in inner cities and…

Australian debtors sometimes file for bankruptcy if they are overwhelmed by debt. Bankruptcy protects the debtor from further collection action and gives him a chance to start over. Creditors may…

An individual who has a large amount of debt should seriously consider the alternatives to bankruptcy prior to filing. Bankruptcy causes a serious negative impact on your credit score, affecting your…

Often when the time comes to file for bankruptcy, it is not an individual who files but a couple who have gotten into debt over their financial heads. With personal bankruptcies, couples will either…

The decision to file bankruptcy is a tough one, and a bankruptcy has long-term consequences. Creditors will report the bankruptcy to the credit bureaus and your credit score will decrease. For this…

In many cases, filing for bankruptcy means that you may have to sell some of your personal property to repay your creditors. However, bankruptcy laws can help you hang on to certain types of property…

If you want to file for bankruptcy, you must meet all applicable requirements. These requirements vary according to the type of bankruptcy you file. Along with meeting these requirements, once you…

After filing bankruptcy, you can fix your credit yourself and get approved for new credit at a lower rate. Some people resort to hiring credit repair companies after a bankruptcy. But instead of…

Both filing bankruptcy and filing taxes can be complicated procedures that require specific documents to complete successfully. In addition to the inherent complexity, each type of filing may require…

Reviews of credit reports are not a part of the standard application process for filing for bankruptcy. The bankruptcy court expects you to list all of your debts, and failing to do so could result in…

Bankruptcy can give you a fresh start and freedom from crushing debt. Once your bankruptcy has been discharged, you can begin to rebuild your credit and start borrowing again. However, if you are…

Unforeseen circumstances can arise in life that will put a strain on your finances. You have no problem making your monthly car payment, mortgage payment and credit card purchases, but then a tragic…

Filing for bankruptcy is a drastic financial decision, but it can benefit debtors that cannot pay off their debts with their current income. These debtors face serious legal actions if they don't…

You can theoretically file a bankruptcy petition whenever you want, simply by completing the forms and submitting them to your local bankruptcy clerk. However, if you want to receive a bankruptcy…

When you are in financial trouble, filing for chapter 7 bankruptcy can provide you with some relief from your debts. If you are a business owner when you file for this bankruptcy protection, you may…

One of the most personal and important assets a person can own is her home. Debt and bankruptcy can put that asset at risk, even if the owner owns her home outright. Depending on the type of…

Bankruptcy allows consumers who are completely overwhelmed by debt to discharge their obligations and start over. Bankruptcy is not a "get-out-of-debt-free" card, however; it remains on your credit…

When you retire, it is time to enjoy the fruits of your labor and start accessing the money that you have saved. Depending on the type of retirement accounts you have, the amount that you take can…

Bankruptcy is a legal procedure that allows an indebted individual to reorganize or receive legal relief from his debts. Although bankruptcy is a way in which a person can free himself from oppressive…

A bankruptcy filing is a legal action that clears dischargeable debt. To qualify for personal bankruptcy, an individual must attend credit counseling before his or her expected filing date, according…

Bankruptcy has a powerful effect on the execution of judgments. Filing for bankruptcy stops creditors and debt collectors from collecting on judgments as you reorganize your finances with the help of…

You may think Chapter 7 bankruptcy is the best alternative to crushing debt. If your spouse doesn't agree, that doesn't mean you can't file: There is no legal requirement that you and your spouse file…

If you file a consumer bankruptcy, even the United States Courts recommend that you hire an attorney and that costs money. Filing fees are an additional expense. Even though you are probably filing…

Bankruptcy could stop you from starting a business, but there are no hard and fast rules. You're free to start as many businesses as you want after your bankruptcy is completed, and starting a…

State residents with financial troubles can file for complete relief of pre-existing, eligible debts such as credit card and medical bills under Chapter 7, according to the United States Bankruptcy…

If you're a resident of Missouri and are struggling to repay your debts, filing bankruptcy may be the only way to get out of your financial mess. There are two chapters consumers can file: Chapter 7…

Your creditors generally try hard to give you the best possible service; that is, until you stop making your payments. Once you default on debt payments, your creditor will begin collections,…

Do-it-yourself bankruptcy in Ohio is known by the formal name of pro se filing. While the courts strongly advise against filing bankruptcy without an attorney, you can do so if you follow all…

The Internal Revenue Service allows people to claim personal exemptions on their federal income taxes for each person they support, including yourself. Knowing whether you can claim yourself on your…

If you're overwhelmed by debt, bankruptcy may be the only alternative for dealing with your bills. If you owe a large amount of unsecured debt, have few assets and no way of repaying what you owe,…

Individuals may file for bankruptcy if they do not have the means to pay off their debts. . The debtor may file the petition himself or his creditors can do on his behalf. The two common types of…

A certified nurse midwife, or CNM, is a specific type of advanced practice nurse. Certified nurse midwives work under the supervision of a licensed physician to aid women through pregnancy, labor,…

Bankruptcy can help homeowners avoid foreclosure. To save your home, you will need to be able to afford your current monthly mortgage payment. You will also be required to pay back the missed payments…

If you owe a lot of court fines, bankruptcy may feel like a viable option. Unfortunately, you cannot reduce or eliminate any type of court fines under any type of bankruptcy, according to the book…

Spouses filing for bankruptcy can decide whether they want to file together or whether they want to file on their own. If one spouse files on his own without the other spouse, the bankruptcy will…

Most bankruptcies in Michigan can be handled online. Before deciding which online service is best for you, consider pricing and the level of effort required. Michigan bankruptcy is largely the same as…

Financing a home refers to getting a mortgage from a lender in order to purchase a property. Under normal circumstances, you would review lenders and choose one to apply to for a mortgage. But if you…

When you file for bankruptcy, the paperwork you turn in to the court must include all of your outstanding debts and the names and addresses of everyone to whom you owe money. The courts will send out…

Whether to file personal bankruptcy is a difficult decision, and the consequences can be far-reaching. While bankruptcy does have many benefits, it will change your life, and you can expect a ripple…

The primary purpose behind filing for bankruptcy protection is having the opportunity for a fresh financial start. The bankruptcy process is designed to help consumers wipe out their debts or receive…

If you're a resident of Iowa who's struggling to pay your debts, bankruptcy may be your only option. Consumers may file for Chapter 7 or Chapter 13 bankruptcy protection, depending on their individual…

Both state and federal laws apply to your Hawaii bankruptcy filing. Qualifying for bankruptcy can be easier in Hawaii than in other states, because the average income and expenses that are used to…

When you file bankruptcy in California, income plays an important role. To qualify for Chapter 7 bankruptcy, you must compute your current monthly income and compare it to the California median.…

It is always possible to file bankruptcy individually even if you are married. But before deciding whether you and your spouse should file jointly for bankruptcy, it's important to understand your…

If you fall back into debt after you file for bankruptcy, you can't just declare bankruptcy again. To prevent people from exploiting the system, the federal government limits how often you can file.…

Bankruptcy allows businesses and individuals reorganize finances and liquidate assets to meet debt obligations when either is unable to pay creditors. By declaring bankruptcy, business and individuals…

Bankruptcy is available to a variety of people and entities. Each bankruptcy chapter provides a different type of relief, depending on the type of debt you have and whether you are filing an…

If you consider filing a bankruptcy petition, you must make decisions concerning your personal possessions. With three bankruptcy chapters focusing on individual indebtedness, the basis for your…

Juvenile courts handle child protection cases and criminal matters wherein a minor is the defendant. In most cases, parents have a right to appeal the decision of the juvenile court after a final…

Several different types of bankruptcy are available under the U.S. Bankruptcy Code. Some are designed primarily for individuals, and some are designed primarily for companies. Some types offer full…

Bankruptcy is the legal and orderly court-supervised process for unwinding, reorganizing or liquidating a debtor's assets in order to satisfy the claims of creditors. Bankruptcy can be voluntary or…

The United States Bankruptcy Court Western District of Texas serves financially struggling residents of areas of the state such as Austin, El Paso, Midland, San Antonio and Waco. Texas residents can…

Bankruptcy is a type of federal debt relief that allows financially struggling Texans to reduce or eliminate approved consumer debts, such as medical and credit card bills. Most people opt to file…

The creation of bankruptcy laws in the United States is the sole prerogative of the U.S. Congress. The administration of bankruptcy proceedings are the sole prerogative of the U.S. federal courts. All…

Federal income taxes are easier to file than ever with the help of the Internal Revenue Service. The IRS has joined with tax software companies to make tax software available to filers with incomes…

Bankruptcy is a way for individuals and businesses alike to obtain debt relief. If someone who owes you money files bankruptcy, and the bankruptcy trustee expects there will be money to distribute to…

Filing for bankruptcy yourself is no easy undertaking. The laws governing bankruptcy are extensive; and in the eyes of the court, you are as responsible for knowing and understanding them as any…

Getting engaged means the start of a new life with the person you love. However, your bad credit can haunt both of you if you try to purchase a home together. On the other hand, your bad credit may…

Bankruptcy is a federal procedure that offers debt relief to certain qualifying individuals who are struggling with debt. The procedure is not bulletproof; it will not discharge all debt. Further,…

Moving can be such a stressful time as you pack and then unpack all of your belongings in addition to becoming accustomed to your new surroundings. To add to your stress, you may need to keep accurate…

Filing consumer bankruptcy provides at least partial relief of pre-existing debts, but is a serious legal procedure. Since 2005 bankruptcy reform laws passed, American citizens may find it harder to…

New Hampshire residents who have found themselves in difficult financial straits may choose to file for bankruptcy protection. In many cases, a debtor may retain her home, vehicle and personal…

Whether bankruptcy will help you depends on your financial situation and what you hope to accomplish by declaring bankruptcy. If you have a large amount of unsecured debt, want to prevent an immediate…

Bankruptcy is scary and life-changing. Filing for bankruptcy affects your credit report for years after it is discharged, throwing up a red flag to creditors. After some thought, you may determine…

Bankruptcy is the legal procedure by which a debtor may either discharge his debt or reorganize his debt into manageable payments. Bankruptcy is governed by federal law and all bankruptcies are filed…

Prohibitions against filing bankruptcy are rare. In most cases, the law will not prevent you from filing bankruptcy if you wish to do so. Where the law does become more limiting is in the type of…

Bankruptcy is a snapshot of your financial life at the time you submit your petition. To allow the court to process your case, you must provide all of the information required on the bankruptcy…

Deciding when to file bankruptcy is almost as important as deciding to file bankruptcy in the first place. If creditors file a lawsuit against you, it may make sense to file bankruptcy sooner rather…

When a woman is pregnant, one of her most important decisions is which health care provider to use. Most women in America rely on licensed OB/GYNs to deliver their babies. However, midwives are…

Choosing to file bankruptcy is one of the most serious financial decisions you'll ever have to make. The consequences of bankruptcy can be severe, but if you're already swimming in debt, then…

A strong financial position necessarily involves planning for having money to live off of when the worker retires. Employers often sponsor savings plans; one common form is a 401k savings plan. Under…

Bankruptcy is a serious step that can have long-lasting negative financial ramifications. However, if you have no other way out, bankruptcy can help you get on with a debt-free life. While anyone can…

Bankruptcy usually hurts your credit score badly, but so do the financial problems that usually lead up to it, like defaulted accounts, charge-offs and creditor judgments. Bankruptcy stays on your…

Once the bankruptcy court enters a dismissal order, the debtor's property is no longer protected from creditors. The creditors have the right to pursue payment for debts based on contractual terms and…

Bankruptcy is a legal process designed to provide honest but unfortunate debtors, who are willing but unable to pay their debts, with a means of obtaining a fresh financial start. Provisions of the…

There were approximately 2.6 million registered nurses (RN) in the United States as of May 2009, making registered nursing the largest employment sector in the health care industry, according to the…

The expense of paying an attorney to handle a bankruptcy case can strain a tight budget. Because of the immense amount of paperwork required for the new bankruptcy laws, bankruptcy attorneys have…

Married couples share not only their assets but their debts as well. Thus, if your fiancée carries a considerable amount of student loan debt, its natural to have concerns about your ability to…

With no actual standards in place for licensing or certification, the nurse assisting field welcomes applicants from all walks of life. While nurse assistants may see a boost in salary from obtaining…

Filing bankruptcy can wipe out your debts and give you a fresh start. Chapter 7 bankruptcy, for example, will wipe all of your debts out, and Chapter 13 is a wage earner's plan that allows you to pay…

Bankruptcy is an option for consumers when they find that they are too far in debt to pay their financial obligations. While there are many reasons that this can happen -- unemployment, illness and…

Bankruptcy is a legal process that allows debtors and creditors an equitable means of settling financial obligations that the debtor is unable to pay. The authority to enact bankruptcy laws was…

Louisiana government officials offer several types of debt relief to its financially struggling residents. The most common legal debt resolution, bankruptcy, enables people to either partially repay…

What you get to keep when you file bankruptcy depends on the type of bankruptcy you file and the value of the assets you own. Although a Chapter 7 bankruptcy is known as a "liquidation" bankruptcy and…

Bankruptcy is a legal process where a debtor, whether an individual or business, can be absolved of debt, with some exceptions. After a bankruptcy petition is filed with the court, and the bankruptcy…

Bankruptcy refers to a federal process of protection for a debtor from creditors. Specifically, if you file bankruptcy your creditors can no longer attempt to collect on a debt you owe them. Not all…

If you're a resident of Oklahoma who's struggling with mounting credit card, medical or other debts, bankruptcy may be your best option for dealing with the situation. Consumers may file for Chapter 7…

Finding yourself overextended in debt can be a daunting experience. For some situations there is no way out except to file bankruptcy. The type you file will determine how much and what kind of debt…

One of the most common fears that people experience when they file for bankruptcy is that they will lose all of their possessions. While you could potentially lose some of your possessions, there are…

States have similar laws to protect consumers' rights to receive refunds for purchases they make when the merchandise or services they buy fail to meet their expectations. Your state Department of…

Oklahoma has state bankruptcy rules and regulations that residents must follow, even though in general court procedure follows federal bankruptcy law. For example, as a resident of Oklahoma, you must…

Bankruptcy law is difficult for most people to understand, and even if you want to file yourself you might at least consider consulting an attorney. In addition to federal rules, you must observe…

Knowing how lease agreements are treated under the Bankruptcy Code is important if a debtor is leasing a vehicle when he files for bankruptcy. Disclosing the existing lease agreement in the bankruptcy…

Chapter 7 bankruptcy provides federal court protection for debtors from creditors. Each individual state also helps protect Chapter 7 debtors by providing certain bankruptcy exemptions that can be…

Stop paying your credit card and delinquency notices from your credit card company will begin to arrive regularly in the mail. Depending on the amount you owe and your credit card provider, your…

When you lease a car, you make payments to the car dealership based on the value of the car for the amount of time it remains in your possession. At the end of the lease, you can opt to purchase the…

Bankruptcy is both a financial and emotional challenge for consumers. Many people who file feel the information should be private and are worried that friends, family, employers or colleagues will…

Harassing creditors may move you to file for bankruptcy to get rid of your outstanding balances. Yes, a bankruptcy can erase debts and stop calls from creditors. But the consequences of a bankruptcy…

Nurse midwives are advanced practice registered nurses. These health care professionals care for women before, during and after pregnancy including labor and delivery. Nurse midwives may perform…

If your home equity is less than the North Carolina state homestead exemption, then you will be allowed to keep your house in a Chapter 7 bankruptcy. The North Carolina homestead exemption is just…

When a judgment is entered in a federal district court, the losing party has the right to appeal the decision to the next higher court. In the federal system, that court is the court of appeals. If…

A person needs to fulfill the basic residency requirements to file for bankruptcy in a particular state. Determining how soon the case needs to be filed and finding out how the district court within…

A debtor who receives a discharge under Chapter 7 no longer has the obligation to pay his creditors. Understandably, creditors who were not being paid as a result of debtors filing for bankruptcy…

You are not limited to filing only one bankruptcy in your life, but Congress has placed limitations on the frequency of bankruptcy filings. The time period you must wait between filings depends upon…

Level 3 Communications Inc. is a public company whose stock trades on the NASDAQ Stock Exchange under the symbol LVLT. The company, headquartered in Broomfield, CO., provides a range of communications…

In Missouri, you can file bankruptcy at any time whether or not you own your home. However, there is a chance you may lose your home to the bankruptcy trustee for the benefit of your creditors. If the…

Declaring bankruptcy doesn't mean your doomed from finding a suitable place to rent. People with bad credit, which includes those who recently file bankruptcy, generally can't qualify for mortgages…

Facing an impending bankruptcy filing can be emotionally difficult and time consuming. Online companies provide paid bankruptcy filing services to individuals and businesses wanting to file a Chapter…

Bankruptcy has the single worst effect on your credit score of all possible blemishes. Part of the reason for this is that you are granted a discharge of all of your debts, often without having to pay…

The general steps in a California bankruptcy are similar to those in other states, as all bankruptcies are covered by the federal rules of bankruptcy procedure. However, in terms of qualifying for…

The procedures for filing bankruptcy in Vermont, from qualifying for bankruptcy to filing a petition, follow federal standards. However, as a Vermont resident you must use Vermont-specific data to…

A bankruptcy could affect your ability to find employment, but it is not always a factor. First, as a woman you are entitled to compete for any job that would be offered to a man. A bankruptcy record…

Bankruptcy is a limited legal remedy that is generally only available once every several years. Federal law does not generally allow debtors to file bankruptcy each year. The time limitation that must…

Nurse assistants provide basic care services to patients in facilities such as nursing homes, long-term care centers, hospitals and clinics. They also work in home health care. In New Hampshire, nurse…

Bankruptcy is inevitably a complicated process but when a married couple files separately, it becomes even more complicated. There's nothing legally to stop one spouse from filing without the other,…

For Ohio residents struggling with debt, filing bankruptcy can potentially solve financial difficulties. Consumer bankruptcies may be filed under Chapter 7 or Chapter 13 depending on your situation.…

Foreclosure is rarely a good idea; a black mark on your credit that can make getting another mortgage or other credit difficult for years, a foreclosure tells creditors that you were unable to meet…

Bankruptcy documents are available to the public. The Administrative Office of the United States Courts maintains a national database called PACER -- Public Access To Court Electronic Records. This…

Ohio has strict consumer rights governing telemarketing, bill collection and lemon laws. Other Ohio consumer rights laws involve credit bureaus, home improvement work and advertising. The Ohio…

If foreclosure is looming in your near future, then you may consider bankruptcy as an option to either delay or permanently prevent the sale of your home. However, bankruptcy is not always an…

Although federal bankruptcy laws apply to every state, each state has its own process that you must follow in order to file bankruptcy. This can make filing for bankruptcy easier in some states than…

Any person wishing to file for Chapter 7 bankruptcy must meet the income requirements. The Bankruptcy Abuse Prevention and Consumer Protection Act implemented a new provision of bankruptcy law in…

It is stressful enough to have to file a bankruptcy, but occasionally things get even worse. You get the news that a close relative has died and left you an inheritance. For a moment, your grief gets…

It can be easy to fall into debt, with everything from a home mortgage to an auto loan or credit card bill earning interest and increasing the amount you owe each month. If you have serious debt…

If you file bankruptcy, you have several options regarding payments on your car. Whether you maintain possession of your car after bankruptcy depends on factors such as the state where you live and…

Filing for bankruptcy in Texas provides you with protection from creditors, allowing you time to reorganize your finances and pay off your debts or eliminate most of your debts altogether. The…

New Jersey residents may opt to file Chapter 7 or Chapter 13 bankruptcy to deal with their debts. Chapter 7 bankruptcy enables you to eliminate your liability for certain kinds of debt and gain a…

Filing a Chapter 7 bankruptcy does not mean automatically losing your home. Whether you can keep your home in a Chapter 7 case in Michigan depends upon how much equity you have, whether you choose…

An individual bankruptcy is a bankruptcy that an individual files alone. A joint bankruptcy is a bankruptcy that a legally married couple files together. If you are married but want to file an…

Typically, homeowners who have substantial equity in their homes choose to file Chapter 13 bankruptcy to keep their homes and their equity. If you're in this situation, you can use that equity to…

The U.S. Bankruptcy Code permits debtors to include attorneys' fees in bankruptcy cases. Any outstanding attorney fees need to be listed in the bankruptcy petition, along with all of the other debts…

You can file for bankruptcy in the state of Washington without using an attorney. This is called a "pro se" filing. It is recommended only for debtors who have relatively few assets and uncomplicated…

Any debtor can file a Chapter 7 bankruptcy petition at any time, regardless of home ownership. Whether or not your assets such as a home are protected in bankruptcy depends on a number of factors.…

Chapter 7 bankruptcy, or liquidation bankruptcy, allows creditors to liquidate their own assets and discharge debt when the effort to repay becomes hopeless. Businesses that file under Chapter 7 are…

If you live in Alabama and wish to file for bankruptcy, you should be relieved to know that the vast majority of Alabama residents qualify to file for personal bankruptcy. Chapter 7 and Chapter 13…

In many cases, you can keep your car after you file bankruptcy in Florida. Factors that may affect your ability to keep the car include whether you have already paid off your car, your ability to make…

One of the most important aspects of bankruptcy is the automatic stay. This is a court order to all your creditors that bars them from continuing collection activity, including vehicle repossession…

Filing for bankruptcy can be a difficult and embarrassing process. You don't, however, need to worry about your employer firing you because you filed for bankruptcy. By keeping your job, you'll be…

If you file Chapter 7 bankruptcy, all of your assets may be subject to seizure, including your home. The value of your home and the state you live in are two of the main factors in whether or not you…

Through effective money management strategy, it is possible to improve your net worth by hundreds of thousands of dollars over the long term. As part of the wealth creation process, you must be able…

In 2005, federal bankruptcy laws were changed and new qualification tests were implemented for debtors wanting to file Chapter 7. Because of the changes, the bankruptcy court now "presumes abuse" of…

Bankruptcy law is a federal law contained in Title 11 of the United States Code. The federal government dictates the rules governing bankruptcy filings including the amount of time that must elapse…

Chapter 7 bankruptcy is what's known as a liquidation bankruptcy. It wipes the slate clean of most debt, but it also means many of your assets---the things you own---are vulnerable to being sold off…

If you become disabled an can no longer work or have to decrease your work hours, you may find it hard to keep up with debt obligations from the past and more recent debts you incurred as a result of…

Regardless of your past credit mistakes, you need a place to live, and everyone deserves to live in a safe environment. If shopping for an apartment or a house to rent, a bankruptcy filing may produce…

If you are in a relationship with a person with damaged credit due to a past or pending bankruptcy, your finances and credit could be affected. Depending on your financial involvement with the man and…

The trustee opposes discharging or confirming the bankruptcy case when the debtor fails to fulfill his obligations. Typically, the trustee files an opposition to the case within a couple of months…

According to the Federal Rules of Bankruptcy Procedure, a Chapter 13 debtor may convert his case at any time without a court order. If an Oklahoma debtor has filed a case under Chapter 13 bankruptcy,…

New York residents wishing to file for bankruptcy must comply with federal and state laws and file the required paperwork on time. The bankruptcy filing process can be done without the assistance of…

Many debtors who consider filing for bankruptcy express concern over the prospect of losing their homes. In a Chapter 7 bankruptcy, a debtor may lose property, including a home, depending on the value…

In Alabama, consumer bankruptcies are filed under Chapter 7 or Chapter 13 of the federal bankruptcy code. Chapter 7 is known as a liquidation bankruptcy, meaning your assets are liquidated and your…

While the process of going through bankruptcy can provide you with relief from your debts, it is also very complicated. During the process of bankruptcy, you have to follow the rules if you want to…

Residents of Nevada have two options for filing consumer bankruptcy: Chapter 7 and Chapter 13. Chapter 7 may be suitable if you have little or few assets and lack sufficient income to repay what you…

A person who wants to file for bankruptcy in Oklahoma needs to know that there are two chapters of bankruptcy that an individual debtor can file. An individual can file for either Chapter 7 or Chapter…

One of the greatest fears of many people who are considering bankruptcy is that they will lose everything they own. While you could lose some possessions, this is one of the most common misconceptions…

Whether you file bankruptcy prior to your foreclosure sale date depends upon several factors. If you want to keep your house and you can afford a Chapter 13 case, you must file before the foreclosure…

Unpaid bills, insurmountable debt and stressful calls from lenders and collection agencies may leave you wondering how you're ever going to climb out of the financial hole that has somehow swallowed…

Filing for bankruptcy multiple times is permitted by the U.S. Bankruptcy Code. People who previously received a discharge must wait for a certain period of time before they can file for bankruptcy…

Bankruptcy is the legal process through which a debtor can be absolved of his outstanding debt through a total liquidation of assets or a debt reorganization repayment plan. Although individuals do…

While companies must file for bankruptcy with an attorney, the courts do not require individual consumers to hire an attorney. Individuals representing themselves must, however, follow the same rules…

Filing for bankruptcy can be a frustrating and confusing prospect. When only one spouse wishes to file, bankruptcy becomes an even more tangled affair. While it's legal and possible for one spouse…

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 abolished debtors' ability to choose between filing for Chapter 7 bankruptcy and Chapter 13 bankruptcy. Legislators wanted to make…

When expenses exceed what you are able to pay, welfare and financial assistance may be a good temporary solution. This kind of monetary help is not for everyone, and in fact there are strict…

Bankruptcy proceedings can take months or even years to complete. In the meantime, you may want to move to a different state for a new job or just a fresh start. Whether you have filed for a Chapter 7…

If you are a homeowner facing foreclosure, you are aware of how devastating it is. Not only does the bank repossess your home, but foreclosure equals severe consequences for your credit rating. Buying…

Although bankruptcies are regulated by federal law, state laws can have bearing on allowable exemptions. Oklahoma is one of 34 states that doesn't allow federal exemptions to be substituted for state…

Creditors often hire debt collecting firms, or sell unpaid bills to collection agencies that hound you for payment through the mail and over the phone. The Fair Debt Collection Reporting Act (FDCRA)…

If you want to move the money in your IRA, you have two choices: a rollover or a transfer. A rollover is a process where you take receipt of the funds you want to move. You perform the transaction…

One of the most severe drawbacks to filing for personal bankruptcy is the damage done to your credit report. Personal bankruptcy---either Chapter 7 or Chapter 13 bankruptcy -- results in a severe…

Filing your own bankruptcy case is the cheapest way for you to declare bankruptcy. The length of time it takes for your case to be discharged will depend on the type of bankruptcy that you file. Be…

When a person files for personal bankruptcy, a trustee is placed in charge of his assets. Personal bankruptcy comes in two forms: Chapter 7 and Chapter 13. Chapter 7, also known as liquidation…

Filing for bankruptcy without an attorney is formally referred to as a "pro se" bankruptcy, which means "for oneself" in Latin. Although individuals are not required to have an attorney represent them…

A debtor living in Pennsylvania may file for bankruptcy at any time. The federal bankruptcy code provides debtors with relief from their creditors. Chapter 7 bankruptcy removes the burden of debt off…

Married couples can file for bankruptcy separately, but deciding if this is the best decision for your finances requires examining your financial situation. A couple may choose to file together, but…

Bankruptcy offers debtors a chance to start over debt-free. Most debtors file bankruptcy only once in their lifetimes and then rebuild their credit once the debts are gone; credit counseling…

Bankruptcy is a form of legal debt relief available under U.S. federal law. Citizens of any state within the United States can file for bankruptcy, although the details of how bankruptcy works can…

After you file for bankruptcy, credit bureaus can continue to list information about your debts on your credit report. The information included in your reports depends on the type of bankruptcy you…

California evictions are a legal process that landlords use when a tenant is not following the lease or paying their rent. This process gives the landlord back the possession of his rental property so…

According to Section 525 of the Bankruptcy Code, filing bankruptcy cannot affect your teaching job. Section 525 of the Bankruptcy Code is designed to help individuals filing for bankruptcy avoid…

The economic crisis starting in 2007 left many Americans in a position where they could not pay their mortgages. According to Bloomberg, 2009 saw six straight months where there were 300,000…

Once you file the petition and your case is underway, you can relocate within your state or to a new state if you wish. Your case will remain open in the jurisdiction in which you originally filed and…

A personal bankruptcy case in Ohio can last anywhere from six months to more than five years, depending on the type of bankruptcy for which you qualify, and which chapter of the bankruptcy code you…

Bankruptcy can be a final solution for a debt-riddled consumer with too many bills and not enough income to pay them off. A successful bankruptcy can eliminate a consumer's debt but will also do…

No one looks forward to filing for bankruptcy but in some circumstances, it is the best choice. Filing for Chapter 13 bankruptcy in Oklahoma does permit its own exemptions as they opted out of federal…

A strong credit score is essential if you want to qualify for the low-interest rates that make refinancing your mortgage loan a financially wise move. You can qualify for these low rates even if you…

If you're facing foreclosure on your home, you've probably been told that bankruptcy can help you keep your home. This is true, but only if you are able to repay the mortgage after the bankruptcy has…

Bankruptcy is ruled by federal law, but if you live in Arizona you must meet both federal and Arizona requirements to qualify for bankruptcy. If you do not qualify for a Chapter 7 bankruptcy you may…

Chapter 13 bankruptcy filings are federal proceedings that fall under the jurisdiction of U.S. district courts exclusively established for the purposes of handling bankruptcy cases. You cannot file a…

To file Chapter 7 bankruptcy, you must pass certain income-related tests. If you fail, you may have to file Chapter 13, which requires a three- to five-year repayment plan to creditors. In California,…

Bankruptcy laws in the United States are designed to give deserving debtors a fresh start when they do not have a realistic chance to get out of debt on their own. In a personal bankruptcy, you are…

Fearing the loss of your home can involve indescribable stress and anxiety. Not knowing how to save your home, at what point bankruptcy should be filed or even whether you can save it can create…

There will be times when a wife wants to buy a house without her husband. It might be due to the husband having poor credit or the wife might be buying the house as an investment. Whatever the reason,…

Filing for bankruptcy is a serious and complicated matter. Although individuals, unlike corporations, are not required to have an attorney, it is highly recommended by the U.S. Bankruptcy Courts that…

Finding yourself unable to pay your bills is not a pleasant experience. Being pursued by creditors is even worse. Fearing your house and other possessions may be taken can cause extreme worry. In some…

Bankruptcy allows an individual or a business to get a court settlement on a debt load where payments can be made much smaller over a longer period of time, or it can be used to completely wipe out…

If you're a Connecticut resident who's overwhelmed by debt, you may consider filing for Chapter 7 or Chapter 13 bankruptcy protection. Chapter 7 bankruptcy can help you eliminate certain debts while…

Creditors submit proof of claims to the Northern or Southern District Court of Ohio when Ohio residents file for bankruptcy protection. Filing a proof of claim in a bankruptcy case is essential if the…

Bankruptcy is a powerful federal procedure that can eliminate most if not all of your debts. However, without careful planning you may lose some of your assets in exchange. As with all states,…

Many legal records are made available to the public. This means anyone, at anytime, can request to see and even obtain copies of your case. Bankruptcy is a type of legal proceeding that is available…

Filing for bankruptcy has both short- and long-term costs. In addition to the immediate cost of bankruptcy filing fees, attorney fees and possible bankruptcy payments, your credit report will be…

Filing for bankruptcy requires you to be diligent about providing accurate and extensive financial documentation to the bankruptcy court, particularly if you decide to file on your own and without an…

If your financial life is spinning out of control, the thought of filing bankruptcy has probably crossed your mind. Bankruptcy should be your last resort -- the consequences are plummeting credit…

If you file bankruptcy in Florida, you must observe federal bankruptcy laws as you would in any other state. The exception is that Florida has its own set of exemptions that allow you to protect…

If you have a better credit score than your wife, adding her to your card may help her credit score to rise; however, you must make sure that you both continue to use the account responsibly, or you…

Contemporary bankruptcy law is designed to provide honorable, but unfortunate debtors with a means of obtaining a fresh financial start. There are several types of bankruptcy available to individual…

Bankruptcy is a way to get court-sanctioned relief from creditors. If you are granted a discharge by the bankruptcy court, your creditors can no longer pursue you for unpaid debts. While bankruptcy…

Bankruptcy is the court-supervised liquidation or reorganization of the assets of an individual or business in order to satisfy the claims of creditors. You do not need an attorney to file for…

The bankruptcy process begins when a debtor files a petition in bankruptcy court. Like any other court case, a bankruptcy can be dismissed if the debtor fails to abide by court orders or fails to…

While the details of a bankruptcy petition can vary substantially from case to case, the overall bankruptcy process is fairly standard. The federal laws of bankruptcy procedure dictate that bankruptcy…

While all bankruptcy petitions may be different, the timeline for the bankruptcy process is fairly standard. If there are no objections or irregularities in your case, you may be through your Chapter…

Bankruptcy is a complicated process that requires you to observe a number of specific regulations and procedures. In Phoenix, Arizona you must follow certain local rules in addition to those in the…

The most viable alternative for a family to claim bankruptcy and still retain their home is a Chapter 13 Bankruptcy. A Chapter 13 bankruptcy can give a family a fresh start by reducing their unsecured…

Chapter 7 bankruptcy is sometimes called the "all-out" or straight bankruptcy because, under this section of the code, a debtor may surrender a large portion of his assets in exchange for a discharge…

A court-appointed trustee is assigned to each Chapter 7 bankruptcy case. The Chapter 7 bankruptcy trustee needs to verify the debtor's financial status. The documents requested may vary slightly…

To successfully file a bankruptcy petition in any state you must follow the federal laws of bankruptcy procedure. Texas also has additional bankruptcy laws that you must observe if you want to file a…

Filing bankruptcy is usually a difficult decision to make. Feeling overwhelmed by debt, having collectors call trying to collect, being threatened with a lawsuit or having your utilities turned off…

Although bankruptcy is a federal process, your bankruptcy will be shaped by the state in which you live. Your state of residence determines what type of bankruptcy you qualify for and the effect…

Bankruptcy is a federal procedure that has standard filing fees throughout the nation. However, many variable costs affect the bankruptcy process, and if you address them individually and minimize…

The courts require two separate courses for any consumer that wants to have their debts discharged through a bankruptcy. First, all consumers who file a bankruptcy petition must take a course before…

If you have fallen behind in your debt payments to creditors, they have the right to pursue collection activities against you. Typically, the collection process begins with phone calls and letters.…

Bankruptcy in Virginia can pose some risk of loss for your home, even if it is your primary residence and you don't have a mortgage. In fact, a mortgage could help protect your home as long as you…

Inheritance money involves some special legal rules in a bankruptcy proceeding. The first thing to consider is whether the inheritance money is a part of your bankruptcy estate, and the next thing to…

Declaring bankruptcy is a complex federal procedure that also incorporates state and local rules. To successfully file bankruptcy in Indiana, you must provide all information requested on federal…

Most states allow petitioners who are filing bankruptcy to exempt a certain value or amount or specific items from liquidation. Among these items are automobiles, as long as the value meets the…

A person needs to carefully assess his income and debts prior to filing for bankruptcy. If he wants to retain his financed cars and determines that the car loans are affordable, it is possible to keep…

Filing for bankruptcy in Richmond, Virginia, is similar to filing in other states and cities across America, as bankruptcy is a federal process. However, many individual court districts have local…

Bankruptcy has a different effect on debts and property depending on whether the debt or property is secured or unsecured. A secured item of property is subject to a creditor's lien, and bankruptcy…

Married people always have the choice whether to file bankruptcy jointly or separately. Spouses are never required to voluntarily file joint bankruptcy, but there are some potential negative…

Once you have a judgment against you, a creditor can garnish your wages or your bank accounts until you pay off the entire debt. Bankruptcy can affect judgment depending on the type of bankruptcy you…

For the most part, the information you need to file bankruptcy in Ohio is the same as what you will need in any bankruptcy court in America. Bankruptcy is governed by the federal rules of bankruptcy…

When you file a bankruptcy petition, your goal is a discharge, which is the elimination of your debts. However, if your case is dismissed, it means that your case has been thrown out of court and you…

If your home is being foreclosed on, chances are you are considering bankruptcy as an option to cure your financial problems. Filing for bankruptcy not only stops any collection debts and discharges…

Generally speaking, if your name isn't on the bankruptcy petition along with your fiance, you won't suffer any immediate credit consequences from his bankruptcy discharge. However, as bankruptcy has…

Although it may seem counter-intuitive, there are many situations in which you can keep your car during bankruptcy in Oregon. Some of the factors determining whether you can keep your vehicle include…

A 401k is a tax-advantaged retirement account that is generally protected from creditors if you are sued. However, under certain circumstances, your protections may be limited.

Bankruptcy seems to be a word many people use to resolve their financial difficulties. Rather than filing for bankruptcy, many consumers choose to file a consumer proposal, also called a Chapter 13…

Filing for bankruptcy without an attorney is referred to as a "pro se" bankruptcy, from the Latin phrase that loosely means "for oneself." In the United States, businesses and corporations cannot…

While bankruptcy filing fees are the same wherever you file, there is no such thing as a typical bankruptcy cost after that. Your case may or may not need the services of an attorney and, if you hire…

The U.S. Supreme Court, in a 1934 decision, stated that bankruptcy was to give an "honest but unfortunate debtor a new opportunity in life . . . and a clear field for future effort . . ." A vital step…

Bankruptcy is a tough decision and a tougher process, but for some people it is the only way to escape crushing debt. In most situations, the law protects you against the stigma of bankruptcy…

A certificate of deposit is a financial instrument known as a time deposit that's primarily issued by banks and other financial institutions. Certificates of deposit represent assets to to the…

If you find yourself struggling to repay your debts, bankruptcy can potentially be the best solution to your financial problems. Both consumer and corporate bankruptcy filings must adhere to the…

Filing for bankruptcy involves providing the court with a detailed description of all of your assets and liabilities. In exchange for a discharge of your debts, the court needs to be satisfied that…

Filing for bankruptcy in Texas is similar to filing bankruptcy in other states, since bankruptcy is a federal procedure. Texas has certain rules and regulations, however, that make knowledge of Texas…

Bankruptcy, a legal process designed to give you a fresh financial start, can deal your credit a devastating blow. As damaging as bankruptcy is, the bankruptcy process is the start of the path to…

Filing for bankruptcy is a stressful and emotional time for most people. For many people, bankruptcy is their last resort, yet they cannot afford the filing fee to start the bankruptcy case.…

If you filed a petition for bankruptcy and received a letter from the bankruptcy court stating your case has been dismissed, do not lose hope. You have the right to appeal the dismissal but must do so…

When you file for Chapter 7 bankruptcy, you run the risk of your trustee selling your home to help pay off your debts. You can take several steps to stop this from happening and keep your home. In…

If you receive Temporary Assistance to Needy Families benefits, commonly known as welfare, you probably cannot afford the various costs associated with bankruptcy such as attorney, credit counseling…

Filing a bankruptcy petition yourself is known as filing pro se, or without an attorney. While there is no law preventing you from filing your own petition, even the U.S. Courts recommend that you…

When you submit a federal bankruptcy petition, you are signing the petition under penalty of perjury to be correct to the best of your knowledge. However, if you overlook a creditor or debtor that…

If you file for bankruptcy in Collier County, Florida, you must follow the Federal Rules of Bankruptcy Procedure, also known as the "Bankruptcy Rules." This is true no matter which county you live in,…

The breakup of a marriage brings about devastation on many levels of a person's life, including his financial condition. A couple living paycheck to paycheck on two incomes may find themselves unable…

Marriage marks the start of a new phase of your life. In a sense, filing bankruptcy does the same. However, if your future husband is currently in bankruptcy proceedings, your new start may be…

The job of a resort manager sounds like a dream job; you make a lot of money while working in a posh environment with free access to swimming pools, great food and expensive entertainment. In real…

Filing bankruptcy is a federal procedure, but you must also follow local rules to avoid dismissal of your case. If you live in Centennial, Colorado, you live in the Colorado District of the United…

A lease is a binding legal contract for the long-term rental of a vehicle. The lease calls for you to make timely payments as they are due. If you fail to make the payments, then there will be…

When you file a bankruptcy petition, you must attest in writing that the petition is accurate under the penalty of perjury. However, if you overlook a creditor or a particular debt that you owe, you…

Nobody likes filing for bankruptcy, and it is understandable that you would want it to be over with as quickly as possible. Your Chapter 7 bankruptcy may be completed in as little as three months,…

Filing for bankruptcy in Oregon is a serious decision, which may have significant consequences to you for years to come. A bankruptcy could make it difficult to get credit and purchase a home, and it…

Filing a Chapter 7 bankruptcy is a major financial decision, and whether you file with your spouse or not, he will be affected by your decision. The law allows you to file Chapter 7 either as a couple…

Chapter 7 bankruptcy can be a last resort for a person carrying serious debt. Creditors naturally prefer that at least some money be repaid over getting no money and may try any method available to…

In the United States, the federal government regulates bankruptcy proceedings. Individual states must follow federal guidelines, although they may also create "local rules" -- specific guidelines…

Federal law dictates how you may file for bankruptcy in any of the 50 states, including Virginia. You can file for bankruptcy without the aid of an attorney if you wish. Even if you don't intend to…

The federal government allows people to file for bankruptcy if they are so deeply in debt that they cannot hope to repay their debts over the course of their lifetime. Since 2005, the government has…

Millions of Americans have filed bankruptcy since the beginning of the Great Recession. The most common reason for filing is medical debt beyond the capacity of the average working person to afford.…

Getting married means starting a new life together with your spouse. However, if you have tons of debt, and have filed or are considering filing for bankruptcy, you're also bringing a financial…

Allowable attorney fees and payment arrangements should be clearly understood between a bankruptcy attorney and his clients. The type of work the attorney will perform for each case and the cost of…

If you can't pay your bills, bankruptcy can help you eliminate your debt and start fresh. The fact that you live in a home owned by your mother won't prevent you from filing for bankruptcy, although…

The decision to file bankruptcy should never be made lightly. Bankruptcy can have a devastating effect on your credit but gives you a second chance at your financial future. Residents of Finley, Ohio,…

If you need to consider filing for bankruptcy and you are married, you might wonder how your bankruptcy will affect your spouse. Married couples do not always file jointly. In fact, it is quite common…

Bankruptcy allows individuals with significant debt to receive a discharge of that debt to give the filer a fresh start. By filing bankruptcy, an individual requests the court to release the…

Preparing bankruptcy papers is a complex legal procedure that you should thoroughly understand before you begin. Although most debtors file bankruptcy with the assistance of an attorney, there are no…

Though it causes many people anguish and embarrassment, personal bankruptcy is sometimes the only way to resolve a financial crisis. It allows individuals to work through personal debt problems…

Creditors use lawsuits as a last resort when collecting debts. After the lawsuit, the creditor can then use garnishment and liens to force you to pay off the outstanding balance you owe. If you're in…

If you fall behind in your payments on credit cards or other loans, you may be the subject of a lawsuit initiated by the creditor. For many debtors who are contemplating bankruptcy, receiving a…

Filing for bankruptcy refers to filing a petition with the bankruptcy court asking for protection from creditors while you either liquidate your assets or come up with a plan to repay your debts. U.S.…

Bankruptcy is a common method for escaping a mountain of debt, but for many people, it's an embarrassment they'd rather not publicize. Bankruptcy is a court proceeding and part of the public record,…

If you have debts well in excess of your ability to pay them off, you may consider filing for bankruptcy protection from your creditors. Chapter 7 bankruptcy, also known as a liquidation bankruptcy,…

Bankruptcy is a serious step with long-lasting consequences. If you file a Chapter 7 bankruptcy, you may receive your discharge within three or four months after you file, but if you file a Chapter 13…

If you have lost control of your finances and are in need of a fresh start, bankruptcy will wipe the slate clean. While bankruptcy is a federal process, each state implements its own guidelines. In…

An advantage of filing for bankruptcy protection under Chapter 7 of the federal bankruptcy is that most of your debts will be washed away by the court. To qualify for a Chapter 7 filing, however, you…

A bankruptcy filing is available to people in the United States who are unable to pay their debts. Individuals and married couples can file Chapter 7 bankruptcy, also known as liquidation, or Chapter…

Federal law governs bankruptcy procedures in every state. If you live in West Virginia and want to file for bankruptcy, you must go through one of two courts: the Northern District Court or the…

A bankruptcy filing alone is not a legal reason for an employer to dismiss a job candidate, but a low credit score or nonexistent credit history due to a bankruptcy may prevent you from getting some…

Chapter 7 bankruptcy is a legal way for people to get rid of debt. Debtors who file Chapter 7 often have little income available to pay bankruptcy costs and attorney fees. However, federal law gives…

If you have outstanding debts, few assets and no means to repay what you owe, a Chapter 7 bankruptcy may be the best option for resolving your financial dilemma. While the U.S. Bankruptcy Code…

People who have incurred overwhelming debt can file Chapter 13 or Chapter 7 bankruptcy. Chapter 13 allows debtors to come up with a plan to make one monthly payment to the court that will reduce or…

Bankruptcy court records are available to the public. Not only can you see if someone has filed bankruptcy in New Jersey, you can see the actual bankruptcy petition and other documents related to the…

Bankruptcy is a federal procedure, so filing for bankruptcy in Denver is similar to filing in any other state. However, each local court often has its own additional rules or forms that you must use,…

While the U.S. Bankruptcy Code establishes federal guidelines for filing bankruptcy, each state's district bankruptcy court may also establish its own local rules. In Tennessee, bankruptcy cases are…

Bankruptcy law is notoriously complex, and the determination of whether you should add your wife to your bankruptcy should usually be made only after consultation with an attorney. Factors to consider…

According to law, it is essential for corporations and partnerships to have an attorney to represent them in a bankruptcy case. Individuals may be allowed to file for bankruptcy themselves; however,…

Filing for bankruptcy can protect you from creditors seeking repayment but can also have long-lasting negative effects. Bankruptcy typically stays on your credit report for up to 10 years and lowers…

You are permitted to file for bankruptcy without all of the forms, schedules and information generally required for bankruptcy proceedings. An incomplete bankruptcy filing is known as an emergency or…

After filing for bankruptcy, many believe they won't qualify for a loan. However, this is far from the truth. In fact, it's easier for a person who has filed for bankruptcy to get credit than it is…

If you are drowning in debt, bankruptcy may be your best option. Texas follows federal bankruptcy rules and procedures. If you live in Amarillo, you must file for bankruptcy with the Northern District…

Bankruptcy is a legal process, governed by the federal bankruptcy courts, designed to help consumers have a new financial start. All bankruptcy cases are public record and available to anyone who…

If you're considering bankruptcy, you've likely exhausted all other possible avenues of getting relief from your debts. While bankruptcy will wipe your debts clean, it will also affect your ability to…

Bankruptcy records are public records that are available to anyone. You can not only find out if someone has filed bankruptcy, but you can also view, print and review all documents pertaining to the…

Although touted as a fresh start for financially troubled consumers, bankruptcy does not automatically wash away all debt, either. Debtors may still remain on the hook for liens, support payments,…

Filing a chapter 7 bankruptcy is not a process to take lightly. Not only does it ruin your credit in the short term, but when you file bankruptcy, it stays on your credit report for 10 years. For…

Vehicle leases are long-term rental agreements where the user does not take actual ownership of the vehicle. Lease contracts usually go into great detail as to what will happen in case of default and…

Bankruptcy is a process used by individuals and businesses to reorganize or clear their debts and, if necessary, to distribute assets among creditors. Bankruptcies are handled by special bankruptcy…

A California home is always safe in a Chapter 13 bankruptcy, but the same home may be at risk of loss in a Chapter 7 bankruptcy. Generally, you can keep a home in Chapter 7 if the value of the home is…

Filing bankruptcy is a decision that should be arrived at after careful consideration of the pros and cons. Bankruptcy affects your credit for ten years after the fact and will most likely make you…

Chapter 7 bankruptcy is a drastic legal remedy available to individual debtors. Chapter 7 involves a liquidation process, which means a bankruptcy trustee will try and sell as much of your property as…

Chapter 7 bankruptcy allows you to liquidate your assets and use them to pay off your debts. Your home is considered an asset, but you may be able to keep it if you can bring your mortgage payments up…

A Chapter 7 bankruptcy filing allows consumers to discharge any debt obligations and receive a fresh financial start. Each state has specific income guidelines and exemptions that are required for…

Bankruptcy is a way for those deeply in debt to stabilize their finances. There are two different types of bankruptcy -- Chapter 7 and Chapter 13. Both allow you to keep your home, but there are…

Declaring personal bankruptcy is often considered a last resort for those deeply in debt. Not only does a bankruptcy do lasting damage to a person's credit rating, but it can result in the seizure and…

Bankruptcy occurs when a person or business is unable to pay off their debts. When a person declares bankruptcy, he must go through a legal process to file the bankruptcy. Individuals typically file…

Texas bankruptcy courts, which run in accordance with federal bankruptcy laws, enable state residents to request partial debt forgiveness. But not every debt is suitable for bankruptcy, according to…

Bankruptcy is a federally regulated process, so residents of all states pursuing this type of debt relief must follow a uniform set of guidelines. The aim of bankruptcy is to enable financially…

Consumers who are unable to pay off their debts due to financial hardships can file a petition to declare personal bankruptcy. Federal bankruptcy law provides debtors a fresh start by writing off most…

In Illinois, Chapter 13 bankruptcy allows debtors to come up with a plan to repay all or a portion of their debt. Illinois bankruptcy courts require the plan to give priority to secured debts such as…

People in Illinois can file bankruptcy to eliminate or reduce overwhelming debt. Chapter 7 bankruptcy completely gets rid of debt by allowing the court to distribute the debtor's assets to creditors…

A Chapter 13 bankruptcy filing is referred to as an "individual debt adjustment" by the federal courts because it restructures debt into a payment plan, rather than eliminating most or all debt under…

People in Illinois with debt they cannot handle can choose to file bankruptcy for partial or total relief from their debts. Chapter 7 bankruptcy allows debtors to give up some assets to creditors to…

In Maine, people can file bankruptcy when they can no longer handle their debts. Individuals have the choice of filing Chapter 7 bankruptcy to get rid of debt entirely or Chapter 13 to restructure and…

For some people overwhelmed with debt, the only option is to file bankruptcy. Bankruptcy allows you to eliminate debt in a Chapter 7 case or restructure debt in a Chapter 13 case so you can get your…

Increased numbers of bankruptcy filings mean that the social stigma once attached to bankruptcy is fading. However, bankruptcy filings are still public information, meaning anyone has access to…

For people struggling to pay their debts and still make ends meet, bankruptcy might be a viable option. Filing for bankruptcy does not necessarily mean you will lose your house, car and other assets.…

The U.S. has experienced an increased number of cases of personal bankruptcy filings in which the person filing for bankruptcy, called the debtor, uses false identifying information. As a result, the…

The United States saw almost 1.5 million bankruptcies filed between September 2008 and September 2009. However, filing for bankruptcy comes with its own set of financial challenges. You will have to…

Under federal law, Texas residents who can't meet all their financial obligations can petition their local bankruptcy courts for formal debt relief. But not everyone can automatically qualify for…

If you and your spouse have separate financial obligations and assets, you may wish to file bankruptcy separately. Bankruptcy filed as a couple imposes restrictions on assets owned by both parties. In…

Struggling debtors who have lived in the state for at least six months may opt to file bankruptcy, notes both the United States Bankruptcy Court Eastern District of North Carolina and the book "How to…

Bankruptcy is a procedure that forces creditors to halt collection activities against a person. A Chapter 7 bankruptcy grants debtors a discharge from most of their debts and the court sells some of…

Begin the bankruptcy process in Arkansas by filing the correct paperwork with your local bankruptcy court. Filing procedures vary depending on the type of bankruptcy you want to declare. You will have…

Declaring yourself insolvent by filing for bankruptcy has the potential to both hurt and help you. Although filing a bankruptcy petition provides you instant relief from creditors until your court…

When it is time to get your debts in order, being organized is key to reaching daylight. If you have exhausted all other avenues of debt reconciliation and have made the tough decision to discharge…

The legal process of filing for bankruptcy must be undertaken with great care. One mistake may affect your right to file another case or loss of financial protection. Hiring an experienced bankruptcy…

A bankruptcy filing requires the debtor to take certain steps before the bankruptcy court can find the filing valid. This process includes education courses, extensive paperwork and a courtroom…

While declaring personal bankruptcy can be an effective means to get out from under crushing debt, it can devastate a person's credit rating. Bankruptcy is a red flag to lenders, who consider it a…

Debt can feel like a crushing, soul-sucking entity that begins to take over your life. Phone calls from creditors at home and work, letters threatening lawsuits, even the fear of foreclosure can drive…

A bankruptcy filing affects many aspects of your financial life by providing an automatic stay on debts when you file. This stay may affect the eviction process, depending on how far you are into the…

The purpose of bankruptcy is to provide individuals and businesses who become overly burdened with debt a way to regain their financial footing. Persons filing for bankruptcy must file in the United…

In Utah, people who can no longer pay their debts can get relief from that debt by filing bankruptcy. You can file Chapter 7 bankruptcy if you cannot make any payment at all and want to eliminate your…

For some consumers, debt is an ocean in which they are barely treading water. Their income doesn't relieve enough debt, which continues to grow each month. Bankruptcy seems like a serious possibility.…

Bankruptcy proceedings require the debtor (the person who filed for bankruptcy) to declare all assets and debts to the bankruptcy trustee (the person overseeing the proceedings). A special situation…

Bankruptcy is a federal procedure designed to give "honest but unfortunate" debtors relief from their debts. If you have a high income, the United States Bankruptcy Trustee is more likely to give your…

Bankruptcy is a legal process that allows people to eliminate all or some of their debts. Chapter 7 bankruptcy is for people who cannot afford to make any payments on their debt and want to get rid of…

There are many reasons why you may be forced to file for bankruptcy protection in Texas. Bankruptcy may be the only way for you to recover from a mountain of medical bills, credit card debt or debts…

Consumers who wish to file for bankruptcy in New York must undergo a year-long process made up of multiple filings and numerous meetings. New York consumer bankruptcy law is very clear when it comes…

Deciding to file bankruptcy is often a difficult decision involving many financial and legal issues. Additionally, some people have moral questions regarding the relief from debt that bankruptcy can…

After you file for bankruptcy, you may receive document requests from two types of trustees. The panel trustee, who moderates your Section 341 Meeting of Creditors, has the responsibility to determine…

People in Michigan with overwhelming debt can file for bankruptcy and get relief from their debts. Most individuals file Chapter 7 to completely wipe out debts, or Chapter 13 bankruptcy to repay debts…

Although many consumers try their best to avoid it, filing for bankruptcy protection can sometimes be the only way to get ahead financially. Each state has its own requirements and regulations…

Arizona complies with federal bankruptcy laws. In addition, local courts have their own rules regarding exemptions and procedures. Individuals in Arizona may file for bankruptcy without an attorney,…

Georgia laws governing personal bankruptcy filings were updated in 2005 and again in 2009. Most of the forms required are used in both Chapter 7 and Chapter 13 filings but some are specific to the…

No matter why you want to file for federal bankruptcy relief of your consumer debts, you must keep in mind some important guidelines and potential effects, according to the United States Bankruptcy…

Bankruptcy is a legal declaration of the inability to repay debts and is a request for debt relief. Debt relief is obtained by either a discharge of debts in the case of Chapter 7 bankruptcy, or a…

Bankruptcy is a legal process allowed by the federal government to help a debtor incapable of paying any of his debts to eliminate most of them. Debtors that are past the possibility of paying debts…

There are two major types of bankruptcy. The first type probably is the more familiar form---this is voluntary bankruptcy in which you file bankruptcy on your own. The second type of bankruptcy is…

A judgment occurs when a creditor sues you for unpaid debts and the judge decides the case in favor of the creditor. Filing for bankruptcy can help you stop a judgment from occurring because, as soon…

Ohio saw 19,614 bankruptcy filings in the second quarter of 2010 alone, according to the American Bankruptcy Institute. Bankruptcy can be one of the most stressful and troubling events anyone can go…

Filing for bankruptcy, if granted, allows citizens who are deep in debt to set up a repayment schedule for some of their bills and discharges the rest. There are a number of practical downsides to…

Whether or not you hire a lawyer to handle your bankruptcy petition, you must become familiar with all the steps required to successfully file bankruptcy, according to both the United States…

Filing for bankruptcy in North Carolina can have far-reaching consequences for you and your dependents. While bankruptcy gives you a debt-free slate to begin again, digging yourself out from the…

Filing for bankruptcy is often the only option left for cash-strapped individuals looking for a way out. However, since the bankruptcy laws changed in 2007, it is harder to file for bankruptcy…

Filing for bankruptcy can be made harder for people who cannot afford to pay for a bankruptcy attorney and filing fees. Fortunately, there are steps you can take to reduce or eliminate paying for a…

While bankruptcy cases potentially offer much-needed financial relief to struggling Americans, one of its most significant disadvantages is the negative credit reporting that results from filing a…

Once you file for bankruptcy, creditors are obligated under the law to cease their attempts to collect on your debts. Normally, creditors will stop their attempts to collect once this happens, because…

You must submit a number of documents in order to file bankruptcy in any state, according to both the United States Bankruptcy Court District of Arizona and the Federal Trade Commission. Failure to…

Every bankruptcy court in the country abides by federally mandated regulations, according to the United States Bankruptcy Court for the Western District of Michigan and the book "How to File for…

Filing for bankruptcy is never fun. In addition to the stress of facing a bad financial situation, filing for bankruptcy involves complicated legal procedures that can be very confusing. Even debtors…

Bankruptcy occurs when a business or individual files with a court and chooses one of several bankruptcy options, depending on their specific financial situation. In most cases, bankruptcy allows…

The Indian Provincial Insolvency Act 1920 (as amended) governs bankruptcy in Mumbai. You should only consider filing for bankruptcy in Mumbai in a last effort to sort out your finances. The process…

Not only is refinancing your home after bankruptcy possible, it's highly recommended for many people. As a matter of fact, refinancing your home may be one of the only credit options available to you…

Filing for bankruptcy can be an emotional and nerve-wracking time in a person's life. Depending on which type of bankruptcy you file, the forms may be different, but there are some common bankruptcy…

Filing any type of personal bankruptcy does not require the services of an attorney, according to the United States Bankruptcy Court. However, if you plan to do it yourself, you must learn the laws…

According to U.S. Courts, "Article I, Section 8 of the United States Constitution authorizes Congress to enact uniform Laws on the subject of the Bankruptcies.'" As a result, bankruptcy laws are…

The goal of anyone filing personal bankruptcy in California is to receive a formal acceptance or "discharge" of his petition, according to the book "How to File for Chapter 7 Bankruptcy." But in rare…

If you move during an active bankruptcy proceeding, federal laws require that you inform your local bankruptcy court of your new address. Failure to provide your new address can not only make it…

Running into financial problems is common, more so in unstable economic times. More people file for bankruptcy, which even though is not always the best option, can prove to be the best option…

A person who transfers property to another person in an attempt to protect it from creditors cannot do so within two years of filing bankruptcy. Transferring property within one year of a bankruptcy…

You might consider telling your creditors that you are going bankrupt as a courtesy as long as you have already filed for bankruptcy, according to GreatBusinessLetters.com. However, it is not…

Bankruptcy is an impairment of ability or total inability of a company or an individual to pay its creditors. More precisely, it is a legally declared financial, total or partial, inability. It is…

For a business, bankruptcy is associated with the near death of that business. It is the end of the line when they are in so much debt that they cannot raise enough money to cover repayments. There is…

In some cases, a foreclosure places consumers in danger of losing other assets to the mortgage company--leading some former homeowners to seek asset protection through bankruptcy. Whether or not to…

The act of filing bankruptcy, including both Chapter 7 and 11, is a lengthy process that impacts your financial health and future for a minimum of seven years. There are times, due to extreme…

Filing for bankruptcy comes with its own benefits. Creditors are no longer able to contact you about past due amounts and depending on the type of bankruptcy, it wipes the slate clean. You don't have…

For most people, filing bankruptcy is a measure of last resort, taken when their financial debt has reached proportions that are completely unmanageable. As of December 2008, 67,649 individuals and…

Bankruptcy gives people with a significant amount of debt a way to obtain some relief. Bankruptcy releases the debtor from responsibility for all financial obligations accrued before he filed the…

If have taken an early retirement and are having trouble paying your bills, there may be help for you. Chapter 7 bankruptcy would be a good solution for a retiree who has no regular income, aside from…

If you have lived in Tennessee for at least 180 days, you can legally file for Chapter 7 or Chapter 13 bankruptcy in the appropriate local court, according to the United States Bankruptcy Court…

Building a home is a part of the American dream, but when you are faced with a blemished credit history, you may wonder if that dream can still come true. Many people with past bankruptcy issues have…

Bankruptcy is when a person or business seeks federal protection against debtors when they are unable to pay their debt. Bankruptcy carries with it some negative consequences which may affect your…

Given the recent economic downturn, the specter of filing for bankruptcy looms over many households. In most cases, bankruptcy should be seen as a last option only if you have been overtaken by…

The decision to declare bankruptcy is a difficult choice for anyone to make, but for many people, it is one of the best if not the only option available. The two main types of bankruptcy are Chapter 7…

Bankruptcy is known as sequestration in Scotland and the filing process is very similar to that in England and Wales. You must be "apparently insolvent" (i.e. unable to pay your debts) with total debt…

Filing a petition for any bankruptcy chapter is a decision that will affect your personal finances for several years. Individuals considering bankruptcy often focus on the negative implications…

Whether you decide to file for Chapter 7 debt relief or Chapter 13 debt restructuring, you must follow a number of steps set by the federal government, according to the book “How to File for…

If you live in Washington State and your debts are overwhelming, you can try to pursue a full discharge of your debts, including credit cards and medical obligations, through Chapter 7; however, some…

United States citizens who live in North Carolina and cannot pay their bills as promised might want to petition for Chapter 7 or Chapter 13 in their local bankruptcy court, according to the book "How…

Filing bankruptcy can be the only solution when you have a large amount of debt and no way to pay it. While it has immediate benefits, the long-term implications of bankruptcy can affect all parts of…

An appeal challenges the correctness of a judicial decision and seeks to remove its effects. With only a 14-day deadline, a party may need or try to file an appeal of a bankruptcy court decision…

The federal Canadian government allows overwhelmed debtors to pursue bankruptcy through their province’s Office of the Superintendent of Bankruptcy. Those who live in British Columbia must…

Depending on the severity of your financial distress, you may choose to pursue debt forgiveness under Chapter 7 bankruptcy or repay some of your obligations under Chapter 13. No matter what type of…

Bankruptcy is an inability of a company or individual to pay creditors. With the added pressure of creditors calling constantly and with credit scores dropping significantly, this last option for…

Bankruptcy is a legal proceeding designed to eliminate or reduce debt for consumers who are over-extended and unable to pay their debt. You can file for two kinds of bankruptcy in Texas. Chapter 7…

Filing for bankruptcy in India means that one is not able to repay his debts and loans. It would be advisable to file for bankruptcy to avoid being hounded by your creditors if you are in serious…

Since 2005, the requirements to file bankruptcy in Oregon have become much stricter, according to the United States Bankruptcy Court: District of Oregon and the Federal Trade Commission. Whether you…

Looking for an apartment after filing bankruptcy can be frustrating because it might influence whether you get to lay your head on your own bed or on someone's living room couch. Though bankruptcy is…

Credit history is established based on your social security, so you are seen as an individual when it comes to credit. But, if you are married, and you´ve acquired debt together, then this joint…

Bankruptcy can result in a feeling that you're not worthy of credit. This is, however, not true. While bankruptcy issues a resounding blast to your credit file, you can learn from your mistakes and…

Under Scots Law, bankruptcy is also known as sequestration and if you are made bankrupt you will be described as having been sequestrated. If you are considering bankruptcy in Scotland, help and…

Filing for bankruptcy may sound like an appealing way to keep your creditors away. However, you must not make this decision blindly unless you have considered other options such as debt agreement,…

Bankruptcy does not affect many people in Ireland, according to the "Irish Times," but during tough economic times more people have to file. The "Irish Times" reports that the number of people who…

Canadians who are struggling with an overwhelming amount of debt have several options for regaining control of their finances, including bankruptcy and the consumer proposal. These two options can…

Filing for bankruptcy can be a long and embarrassing process to complete, filled with tons of paperwork and frequent visits to your attorney. Although a bankruptcy is not considered favorable in the…

Filing for bankruptcy is one way a debtor can get relief from creditors by stopping collection proceedings. However, it is possible to file bankruptcy and realize that bankruptcy is not the only…

Bankruptcy allows debtors who owe more money than they can reasonably repay to file for relief. The kind of bankruptcy you file will be determined by your financial situation. Chapter 13 Bankruptcy…

Anyone who is unable to pay off his or her debts can file for bankruptcy under Chapters 7 or 13 of the federal bankruptcy code. If you are on the brink of bankruptcy, you may not have the money pay an…

Filing for bankruptcy does not guarantee that the case will be approved and a discharge granted. Bankruptcy cases are dismissed for a variety of reasons including failing to disclose all sources of…

Filing for bankruptcy does not have to be difficult or time-consuming. There are ways to file bankruptcy without the stress that is often associated with any bankruptcy proceeding. Knowing an easy way…

In today's devalued housing market, reeling from the crash of mortgage giants like Fanny Mae and Freddy Mac in 2008, homeowners have five facts to consider when determining whether there is any asset…

In Florida, those who are legal residents of the state have a right to petition for debt relief through bankruptcy. Consumers normally choose Chapter 7 or Chapter 13 bankruptcy. If a Florida…

Filing bankruptcy is usually the last resort for individuals with too much debt. Bankruptcies are noted on credit reports for 10 years, during which time it may be difficult if not impossible to…

Filing bankruptcy allows a debtor to have his financial liabilities discharged and to make a fresh start. Most individuals file Chapter 7 bankruptcy. For the most part, Chapter 7 filers do not go to…

There are times when ones debts or bills become too much to handle and bankruptcy is their only option to get back on track. Hiring a bankruptcy attorney can be costly which makes bankruptcy hard for…

Bankruptcy can cause your credit score to take a plunge. Luckily, filing bankruptcy today does not mean that you will never be able to finance a home. As early as six month after filing bankruptcy,…

Having a judgment entered against you can affect your personal finances and credit score for several years. In some situations, the judgment can even result in liens being placed on homes, vehicles…

After filing a petition for bankruptcy it is easy to assume that the hardest part is over. While this is true for many petitioners, some individuals may be forced to deal with the possible dismissal…

Recovering from bankruptcy is challenging; adding a job search to the process can make it feel like an insurmountable task. A study by Cornell University researchers found that a year after filing…

Bankruptcy, although a highly personal matter for some, is not considered private by the judicial system. When an individual or company files for bankruptcy, that bankruptcy petition becomes a matter…

The fastest way to file for bankruptcy is to do it yourself, but that may not be the best way. You can personally file for bankruptcy after having undergone credit counseling and spending just several…

The most common types of bankruptcy that are filed are Chapter 7, Chapter 11 and Chapter 13. When you file for bankruptcy, the court or trustee and your lawyer will look at what assets you have that…

Bankruptcy may be your best option when faced with mounting and unpayable bills, defaults, and a foreclosure on your home. The process will wipe out most of your debts and loans, but also leave you…

According to Lawyers.com, "a discharge in bankruptcy means that your personal liability for a debt is eliminated." They further explain that "discharge also acts as an injunction against collection…

Facing a lawsuit filed against you as you contemplate seeking bankruptcy protection can leave you confused. You need to understand how a bankruptcy impacts a pending lawsuit as well as what impact…

Typical attorney fees for bankruptcy vary based on your local market and the complexity of your bankruptcy filing. Per MSN Money, fees will likely range between $500 and $1,500 in addition to court…

When you file for bankruptcy protection, you are requesting that a court grant you debt relief in the form of a discharge of your debts or a repayment plan. Should you change your mind about the…

It is possible to rent an apartment after filing bankruptcy; however, you may have to invest more time, effort and money into a place that is desirable to prove you are a worthy tenant.

If you are thinking of fining for bankruptcy protection, you may wonder if you can include a leased vehicle in your bankruptcy filing.

If you have been thinking of filing personal bankruptcy, you may wonder if it will affect a business you own. In some cases, it is possible to lose business assets, or even the business itself, as a…

Sometimes the need to file for bankruptcy cannot be avoided. A petitioner may have accumulated substantial assets before filing. Some assets may need to be liquidated, but fortunately others are…

Filing bankruptcy is usually a difficult decision, whether you choose to seek forgiveness of most debts through Chapter 7 or restructure existing debt payments in a Chapter 13 case. There are some…

You may add on debt after you file for bankruptcy, but if the judge deciding your bankruptcy ruling discovers it, your filing will be denied. Applying for more debts after you have filed for…

Filing bankruptcy on federal taxes owed to the Internal Revenue Service (IRS) is possible only in some cases. Before attempting to liquidate tax debt through bankruptcy, it is important to know the…

Financing a home after filing for bankruptcy is not as difficult as you might think. You just have to maintain good credit habits after filing. It is easier to get financing soon after filing Chapter…

Yes, you can file bankruptcy if you do not own a home or other large assets. There are several different classifications of bankruptcy, so you may want to hire an attorney to help you through the…

To file for Chapter 7 bankruptcy protection, you must meet certain income guidelines. Some people who file Chapter 7 bankruptcy qualify by demonstrating that their income is less than the average…

Filing for bankruptcy is a stressful process that may not leave you debt free. Your creditors have the right to contest being included in a bankruptcy filing. In addition, a bankruptcy can remain on…

When a person opts to file for bankruptcy, his financial situation will be evaluated by the bankruptcy court. He must then abide by the liquidation or repayment plan the court recommends. Bankruptcy…

If you are filing for bankruptcy protection, you may be wondering if you will be able to keep your house. While some people choose to sell their home and start over after bankruptcy, you may want to…

Before filing for bankruptcy, you need to decide how it will affect your financial situation and your life. Deciding whether bankruptcy is really necessary should involve many considerations that…

Have you been thinking about filing for bankruptcy protection as a way to get a fresh financial start? Each week, thousands of people file bankruptcy to eliminate the stress of overwhelming debt. Many…

A Proof of Claim is a document filed in a bankruptcy case that preserves a creditor's rights to the money owed to him or her by the debtor who declared bankruptcy. A creditor cannot share in any of…

Surgical bankruptcy is also known as prepackaged bankruptcy. This type of bankruptcy is typically reserved for companies. The idea is basically to shorten the typical bankruptcy period, and save the…

According to 11 U.S.C. Section 109(a), a debtor in bankruptcy must reside, have a domicile or place of business, or own property within the United States. Active-duty military personnel are considered…

If you are unable to keep up with your debts or are in danger of losing your home to foreclosure, bankruptcy may be a viable option for you. When you file for bankruptcy, you will be assigned to…

Filing for bankruptcy can be a confusing and intimidating process. Knowing what to do to file your personal bankruptcy in North Carolina can reduce the stress and make the process smoother.

If debts are causing you intense stress and you have no way to repay them on schedule, you may consider filing for bankruptcy. Even if you have filed for bankruptcy in the past, you may file again…

Garnishment is a legal process. The law allows a portion of your wages to be removed lawfully from a paycheck and given to legal creditors, such as children, spouses and credit card companies.…

Bankruptcy is a common way of dealing with debt. Declaring bankruptcy allows people to escape their creditors and still have money to live on. New Jersey has certain specific laws that pertain to…

Electing to pursue a bankruptcy, you may be seeking information on what debts can and cannot be included within your bankruptcy filing. You may be wondering whether you can file your solid waste bill…

Bankruptcy is often viewed in a negative light, as a measure of the last resort, the end of a person's efforts to repair their financial situation. While this might be the case some of the time,…

If you are contemplating personal bankruptcy, it is critical that you understand the timetables involved. Before taking this momentous life step, you should know precisely what is expected of you in…

Federal law allows consumers to file bankruptcy repeatedly as long as they adhere to the mandatory time intervals between filings. The type of bankruptcy you filed previously affects when you will be…

Bankruptcy can help you dispose of or manage your debts. Any utility bills that are severely past due or have been sent to collections are eligible to be included in any type of personal bankruptcy…

Filing bankruptcy on debts that do not belong to you is not possible. Spouses can file bankruptcy either independently of one another or together. You are allowed to include accounts you share with…

Avoiding losing your house by filing bankruptcy is unlikely. The recidivism rate of missing payments among homeowners in bankruptcy is very high. A better solution is to use one of the remedies…

Choosing to file for bankruptcy is a last resort in the fight against debt. Bankruptcy may be able to help you by either clearing your debts entirely, or making the debts you have more manageable. In…

Determine if there are no other legal remedies available to you. A bankruptcy filing can have serious financial consequences for up to a decade. Investigate other options such as negotiations with…

U.S. bankruptcy law intends to give people unable to pay their debtors a decreased amount of money owed or an extended amount of time to complete payments once they have declared bankruptcy. A Chapter…

Once someone has officially filed Chapter 7 or Chapter 13 bankruptcy, there is a procedure that must be followed to successfully complete the case. Total forgiveness of debts in Chapter 7 or…

Want to know how to file bankruptcy yourself? Then you are most likely in a precarious situation. The increase in the number of annual bankruptcies of individuals and companies per years has…

Your credit score is the snapshot that lenders will use to get a closer look at your financial picture. Having a bankruptcy on your credit report will create a blemish on that financial picture for…

Bankruptcy is a legal process used when you are unable to pay your bills. Filing for bankruptcy may allow you to avoid repayment of debt. A bankruptcy filing is an important and lengthy document. As a…

After filing bankruptcy, the only way to get a house back would be to buy it back for the amount of the loan plus any interest due. Discover how to buy a home back through foreclosure with help from a…

With the passage of the Bankruptcy Abuse Prevention and Consumer Act of 2005, the legal parameters for who qualifies for bankruptcy protection and who does not qualify for federal bankruptcy…

Falling deep into debt can easily happen to anyone who may not have been keeping a close eye on their finances. Filing for bankruptcy can be a long and expensive process if it not done carefully and…

While many debtors may think that bankruptcy is a last-minute, desperate measure, it can actually work to your benefit to take the time to plan out your bankruptcy in advance. The best way to prepare…

Taking a few smart steps before you file for bankruptcy can be just as important as the actions you take during the process. First, carefully assess your financial situation. Be sure that filing…

A bankruptcy remains on your credit report for up to 10 years. During this time, it may be difficult for you to obtain credit. However, you can recover after a bankruptcy. In fact, it is possible to…

The myth that it's impossible to buy a home after filing a bankruptcy is simply not true. It won't happen right away, though, and will depend on several factors such as the type of bankruptcy you…

Before October 2005, it was relatively easy for U.S. residents to file for bankruptcy. But with the restrictions the new laws imposed, declaring bankruptcy became more difficult. Now there are…

Bankruptcy laws vary from state to state, as does what can be kept and under what conditions. One thing in common is that even if you file Chapter 7 bankruptcy, you will get to keep your home and your…

If you are considering bankruptcy as an unfortunate option, it is important to know the cost of filing bankruptcy. There are many issues to consider when calculating the cost of filing bankruptcy,…

While the aim of any bankruptcy proceeding is to provide debt relief to overwhelmed consumers, it is important not to lose sight of the possible negative effects of a bankruptcy. Assets can be lost,…

Filing for bankruptcy involves choosing between a Chapter 7 or Chapter 13 bankruptcy and should be done with the aid of a lawyer. Consider credit counseling before filing for bankruptcy with tips from…

Negotiate a corporate bankruptcy plan by identifying the assets as well as the liabilities of the company and develop a plan for the restructuring of the debt. Seek legal advice and file the corporate…

A secured claim in bankruptcy means that the bankruptcy filer is secured to a specific item or items of the debtor's property. Seek legal advice and safely file a secured bankruptcy claim with…

An unsecured claim in bankruptcy means that the bankruptcy filer will not receive any money until all the priority and secured claims have been paid. Seek legal advice and fill out the necessary…

When filing for bankruptcy, seek out the professional help of a lawyer and gather important information regarding the names and addresses of all of your creditors. Gather information regarding…

File for bankruptcy as an individual debtor by hiring a professional bankruptcy lawyer, gathering information regarding your creditors and by gathering a list of your assets. Acquire copies of tax…

File for bankruptcy for your business by hiring a lawyer and gathering important documentation regarding business expenditures, assets, inventory and received accounts. Review tax returns and ledgers…

When filing bankruptcy for small business relief, consider the structure of the business and the reasons for filing before determining what legal actions to take. Seek legal advice and counsel that…

Bankruptcy claims can be filed for free by filling out forms that are available online from the bankruptcy court in your district. Seek legal advice, and learn the procedure for filing bankruptcy with…

In 2005, new bankruptcy reform laws were passed that affect how people file both Chapter 7 and Chapter 13 cases. A Chapter 7 proceeding is a request for legal forgiveness of most consumer debts, while…

Deciding whether or not to file for bankruptcy may be one of the most important financial decisions a financially overburdened person can make. Chapter 7 bankruptcy allows for those who cannot pay…

Before filing for bankruptcy, try seeking credit counseling. Learn about the repercussions of bankruptcy with tips from a consumer credit counselor in this free video on personal finance management.

Before you can successfully file any kind of personal bankruptcy, there are several legal requirements that must be met. Because both Chapter 7 and Chapter 13 bankruptcy cases are supervised by the…

Applying for credit before filing bankruptcy must be done carefully to avoid being accused of bankruptcy fraud, which is a federal crime punishable by incarceration and/or hefty fines. Anything…

There are numerous false rumors that circle regarding bankruptcy and the ability to buy back a house after you have filed the motion. Some publications may state that you will have to wait up to 10…

If you are unable to pay your consumer debts, and have lived in Mississippi for at least six months, you are eligible to file a bankruptcy case. Mississippi has a federal bankruptcy court in two…

Filing bankruptcy in Ohio means contacting an attorney that is well-versed in the laws of bankruptcy. Find out why it's important to work with someone who knows what she's doing when filing bankruptcy…

Filing bankruptcy in Georgia is best done by hiring an attorney to contact all creditors and take care of the official paperwork. Remain on a cash-only basis for seven years after filing with…

If you file for Chapter 7 bankruptcy, the case should take about four to six months to complete. Once you or your attorney have submitted all required papers--which include a full disclosure of your…

The best way to find out if someone has filed bankruptcy is to check with the bankruptcy court in the region in which the individual is located. Discover what information is needed to check somebody's…

When filing bankruptcy, the decision of what to keep is largely dependent on whether or not an individual files a Chapter 13 reorganization, in which they should be able to keep their property. Find…

The guidelines for filling bankruptcy require an individual not be able to pay existing debt due to excess medical bills, credit card debt, foreclosure or job loss. Hire a bankruptcy attorney to…

Bankruptcy can be filed if a person is married in ways that may or may not affect the credit rating of the spouse. A spouse can be sheltered from the effects of bankruptcy only if the spouse has not…

After filing for bankruptcy, the best way to survive is by living in a cash world before attempting to rebuild credit. Develop a credit card based on personal cash with help from a registered…

Even if a person files for bankruptcy themselves, there are still filing fees that the government requires, and these can be several hundred dollars or more. Discover what to expect for attorney's…

When you file for bankruptcy, it will appear on your credit reports for as many as 10 years. And, since it is a matter of public record, it will show up elsewhere for 20 years, or more. But that's…

Bankruptcy is regulated by federal law and is filed in federal court. There are three locations for the U.S. Bankruptcy Court in South Carolina. Bankruptcy helps individuals or businesses repay…

A Texas bankruptcy, like any other state, has certain nuances specific to the state. If you live in Texas and need to file bankruptcy, make sure you have all the information you can get about the…

Bankruptcy is regulated by federal law; therefore any filing for bankruptcy has to be done in federal court. There are 94 federal judicial districts in the United States, and each has one or more…

In Ohio, two courts handle all bankruptcies for the state--the Northern and Southern Ohio bankruptcy courts. Filing for bankruptcy in Ohio is more challenging than in other states, as Ohio provides…

Filing for bankruptcy can be a difficult decision for anyone to struggle with. A bankruptcy can get you free from all of your financial debt and stop creditors from calling and harassing you, but it…

From time-to-time, consumers are faced with such tremendous financial hardship that they must decide whether to file for bankruptcy. The decision to file for bankruptcy should not be taken lightly…

Do you need to file bankruptcy but cant afford the thousands to get it done. The following will explain how to do it yourself, and pay $299.00 for the filing fee and the class fee.

Instead of filing bankruptcy, a consumer proposal is a better alternative. File a form stating you will pay back your debt, but at a lower amount and over a longer period of time. The proposal lasts 5…

If you decide to file your own bankruptcy, you will be responsible for meeting deadlines and filing all necessary forms and schedules. Obtaining the necessary forms is not complicated if you're…

Bankruptcy is a legal means by which a person obtains relief from his or her debt when owing more than he or she can pay. There are several alternatives depending on your individual situation. If you…

Though it should not be seen as an easy out, bankruptcy can assist you in recovering from debt and other financial pitfalls. Should you decide to file for bankruptcy without an attorney, you must get…

Filing for bankruptcy should always be an option of last resort. Bankruptcies will remain on your credit report for 7 to 10 years and will prevent you from getting good interest rates on home or car…

You can't pay your bills and you can't increase your income. You have tried consolidating your debts and you've seen a financial advisor. You know your only way out is to file for bankruptcy. It's…

Declaring bankruptcy is a drastic step for dealing with financial problems, so it should be the absolute last resort taken when dealing with financial woes. Since the United States Congress enacted…

Bankruptcy is an effective - yet drastic - way to shield you from your creditors. The proceedings are governed by federal law and are designed to give you a fresh financial start. In October 2005, the…