Legal Videos

Bankruptcy or insolvency as it is known otherwise is basically a legal declaration of the inability to pay off the debts. Precisely a legal option, bankruptcy offers the debtors an option to give...

Filing for bankruptcy for a second time generally means that there is a serious financial problem in the way an individual or business is handling money. Consult a bankruptcy specialist to decide...

Chapter 7 bankruptcy is the simplest form of bankruptcy and involves the bankruptcy court looking at assets versus liabilities to determine a payment plan. Discover how some debts may be...

Protecting money and assets during bankruptcy proceedings is difficult because you are required to report all cash, real property and personal property to the court. Consult a specialized lawyer...

File for bankruptcy by looking at information on the Internet about the policies and procedures requires for declaring bankruptcy. Learn why it's best to hire a bankruptcy lawyer with information...

Many housing loan companies look at bankruptcy similarly to the way that they look at first time buyers, and will offer mortgage loans. Learn how loan companies will look at income stability and...

Student loans cannot generally be discharged with a bankruptcy filing, but a separate motion can be filed to claim a student loan if there are special circumstances. Consult with a bankruptcy...

Obtain credit after a Chapter 7 bankruptcy by listing your bankruptcy on the application and demonstrating that you have the ability to make payments on the credit line. Be sure to have a stable...

Active duty members of the military are able to file for bankruptcy, even though they are generally held to a hire standard of conduct than normal citizens. Hire a bankruptcy lawyer to begin...

Bankruptcy rules are upheld by the federal bankruptcy code and fall into different types, which determine how debt will be determined and paid off. Use a bankruptcy lawyer to interpret the laws,...

Anyone in the United States can file for bankruptcy, but it is not an easy process and generally requires the assistance of a specialized lawyer. Decide whether filing for bankruptcy is the best...

Applying for a credit card after going through bankruptcy is similar to obtaining credit for the first time and will be looked at by credit companies in the same manner. Apply for a credit card...

To get a loan after filing bankruptcy, be upfront about the bankruptcy and demonstrate a stable income and a positive debt to income ratio. Discover how people who have filed for bankruptcy can...

Because of reform in the bankruptcy laws, filling for bankruptcy due to a divorce, in order to get out of paying alimony or for the divorce, is no longer allowed. Learn about the credit situation...

Pay off credit card bills without filing for bankruptcy by consolidating credit debt or negotiating with individual credit card companies to obtain a lower rate. Consult with a financial adviser...

Bankruptcy is a legal proceeding that takes place in the federal bankruptcy court, in order to have your financial conditions considered and a payment plan established. Contact a bankruptcy lawyer...

Filing for bankruptcy will not stop a mortgage foreclosure, but it may delay the foreclosure so that payments can be made. Find out how to use a bankruptcy for the issuance of an automatic stay...

Filing a Chapter 13 bankruptcy proceeding will result in issuance of an immediate stay of any foreclosure, but it will only buy time until the bankruptcy court sorts out the financial situation....

Filing for Chapter 11 bankruptcy can delay foreclosure, but it's not going to stop foreclosure. Use bankruptcy to reorganize a debt, not to eliminate it, with help from a civil mediator in this...

Bankruptcy and foreclosure can both be bad situations, and determining which is worse depends on the individual's situation. Decide whether to liquidate assets or sell a home to pay off a mortgage...

Filing bankruptcy before foreclosure action starts will result in an automatic stay of the proceedings, but it won't stop the foreclosure altogether. Stop a foreclosure by making mortgage payments...