Bankruptcy Law

Upon occasion, a judge or the trustee in a bankruptcy case will move to have a particular case denied and dismissed. In such a situation, you undoubtedly find yourself beyond frustration. Stop ......

Starting a bankruptcy is never a fun thing to do. Some people like credit and like to keep credit. However when a bankruptcy must be done some times there is no choice but to start a bankruptcy....

A cosigner assumes equal liability on a loan or promissory note with another person; this is in contrast to a guarantor, who assumes liability only if the primary borrower defaults. If your...

Yes, you can apply for a loan modification while in bankruptcy.

I know the economy can be rough. It has worsened the quality of life, but there is definitely a way out of it. In this article I will show you each step to surviving the great depression we are...

Individuals from all walks of life find themselves facing financial difficulties and challenges that warrant declaring bankruptcy. As a California resident, if you are considering bankruptcy you...

Under Chapter 7 and Chapter 13 bankruptcy laws, seller financing is treated the same as other secured claims, regardless of the source of credit. Sellers who do not retain a lien do not fall under...

Although married spouses may file for bankruptcy jointly, there is no requirement that they do so. It's important to consider, however, how filing individually will affect your spouse. Depending...

‘Insolvency’, as it has been termed, bankruptcy is a situation where the company or an individual fails to meet the financial requirement. Financial imbalance can happen anytime as while starting...

For many people, bankruptcy is a fairly simple process that can be completed without paying an attorney. Other cases are more complex, and the small legal fees you pay an attorney could result in...

"Chapter 13" is the shorthand way of referring to Chapter 13 of Title 11 of the U.S. Code, which lays forth the procedures, rules and requirements for filing bankruptcy as an individual with...

Bankruptcy trustees are subject to discipline for violations of law or professional rules of ethics. Anyone with a complaint against a trustee should consider three distinctly different remedies....

The term orderly bankruptcy was used by Dana Perino, spokesperson for President George W. Bush, on Dec. 18, 2008. Perino relayed the Bush's concern for major automakers and the effect of forcing...

How to Find a Bankruptcy Attorney or Lawyer. Selecting a bankruptcy attorney is a very critical and important step when you’ve decided to look into filing for bankruptcy. This person is going to...

The trustee is a representative of the court in a bankruptcy case. The trustee's primary task is to mediate the payment of debt between a bankruptcy debtor and creditors. For any particular...

Michigan foreclosure law does not allow the transfer of the title for a piece of property until the total purchase price is paid. If the owner is unable to continue paying on the property as...

In a chapter 13 bankruptcy plan, the consumer debtor and his creditors abide by a plan that allows the debtor to pay back some or all of his unsecured debt in a set amount of time (three to five...

The United States Code provides the legal standard for finding bankruptcy fraud. Title 11 contains the U.S. Bankruptcy Code. Title 18 regulates Crimes and Criminal Procedures. Provisions from both...

A bankruptcy filing can be dismissed at any time for a variety of reasons. A debtor may request a dismissal if the debt has been taken care of, but more commonly bankruptcies are dismissed for a...

To check if a business has filed Chapter 11 you will need to access the docket of the federal bankruptcy court for the district where the company is located or where it was registered. The U.S....

In some limited instances, a debtor might seek a dismissal of her bankruptcy case. While the reasons vary, gaining approval of the bankruptcy trustee or the court before abandoning an ongoing case...

A primary goal of bankruptcy is to provide debtors with a fresh financial start from burdensome debt. The bankruptcy discharge releases debtors from liability for specific debts and prohibits...

If you are considering filing for bankruptcy protection, it is important to understand that this involves a process as opposed to an event. There are stages associated with filing for bankruptcy....

Dissolving a Limited Liability Company (LLC) is actually fairly easy. However, you will not be able to file a bankruptcy for an LLC after you file a dissolution; you may only do so as an...

Through the bankruptcy process you are able to enter into what is known as a reaffirmation agreement. This is a contract between you and a lender regarding a loan that is secured by...

The self help filing of a Chapter 7 bankruptcy can be a challenging task. Nevertheless, it can be done. The individual who wishes to save money in representing himself or herself will need to know...

Bankruptcy is a legal proceeding that takes place in a federal bankruptcy court. Federal rules of procedure control the method for filing bankruptcy, but Montana state law controls some of the...

Bankruptcy conjures up nothing but negative connotations, but in reality it's an option that can have a positive outcome for many struggling business. While bankruptcy isn't good from a public...

Bankruptcy, as commonly understood, is financial insolvency in an individual or a business. In Australia, the Insolvency and Trustee Service Australia (ITSA) is the government agency that governs...

If you are contemplating filing for bankruptcy and maintain a reverse mortgage, you may be wondering how such a legal action will impact your loan and ownership interest. Understanding how to file...

If you have a pending Chapter 13 bankruptcy case you may have reached a juncture at which you are having difficulties in making your monthly plan payment. If that is the case, you may desire to...

Chapter 7 bankruptcy typically puts a hold on foreclosures, but in the end, it usually does not stop a foreclosure from taking place. Chapter 7 bankruptcy can be used to stop a foreclosure before...

If you are unemployed and facing a tremendous challenge dealing with your debt, you may be considering pursuing bankruptcy. There are some specific considerations that you need to keep in mind if...

Part of pursuing a Chapter 13 bankruptcy is determining how much income you have available to satisfy the terms of the payment plan established by the trustee and the court. If you are...

Do it yourself or DIY bankruptcy allows the beleaguered consumer to file for personal bankruptcy protection without the assistance of legal counsel. Consumers will typically choose this option...

The federal government has created the HOPE for Homeowners and the Making Home Affordable Modification programs to help you work with your mortgage lender and reduce your payments to an amount you...

Many people have heard of unclaimed property but what exactly is it and how do you get it? There are many reasons money is left unclaimed, but usually it is do to a relocation with no forwarding...

Numerous individuals and corporations file bankruptcy yearly. Congress has established several types of bankruptcy, and it is important to understand the distinctions between them. Here are some...

Consumers have the option to file for two different types of bankruptcy, Chapter 7 or Chapter 13, named after their respective sections in the United States Bankruptcy Code. Both types of...

The Federal Rules of Bankruptcy Procedure are basically the laws that govern the procedure of bankruptcy. The Rules explain everything about how to handle your bankruptcy case. The Rules are...

Chapter 11 bankruptcy is easily the most expensive form of bankruptcy, at least on average. Costs can vary widely depending on the fee arrangement with the attorney, the number of creditors who...

A foreclosure occurs when a homeowner has been behind on his or her mortgage and all attempts by the bank to get the homeowner to bring the loan current have failed. The exact process governing...

The self help filing of a Chapter 7 bankruptcy can be a challenging task. Nevertheless, it can be done. The individual who wishes to save money in representing himself or herself will need to know...

Filing bankruptcy yourself is not a difficult process. It's simple. All there is to do is prepare the documents, which is basically your information, and be sure everything is submitted with its...

If you have found yourself unemployed and contemplating bankruptcy, you may be wondering about the effect of bankruptcy on COBRA insurance. The reality is that a bankruptcy will have no effect on...

If you have a pending bankruptcy you may have reached a juncture at which you are considering seeking a dismissal of your case. There are specific procedures for dismissal of bankruptcy that are...

As an Illinois resident, you either pursued or are contemplating pursuing a bankruptcy. You might be wondering what the procedures are for dismissal of bankruptcy in Illinois. The reality is that...

If you can read detailed instructions and follow them to the letter, then filing your own Chapter 13 bankruptcy in Florida is certainly possible, although an experienced Florida bankruptcy lawyer...

Section 107 of the Federal Bankruptcy code makes all filings in a bankruptcy a public record. However, the only public notice of a bankruptcy filing required by law is a notice sent to creditors...

The requirements for bankruptcy in Nevada are governed primarily by the U.S. Bankruptcy Code with additional guidance from the local rules of the U.S. Bankruptcy Court for the District of Nevada.