Unfortunately, with the state of the economy, more and more people find themselves in situations of mounting debt. In fact, last year over 1 million people in the United States filed for bankruptcy. Bankruptcy can stop foreclosure of a home or cease calls from debt collectors. People believe that bankruptcy is the only alternative to help them get their life back on track. Bankruptcy law is a federal legal practice for a person or business that...more
There has been an extraordinary rise in the number of borrowers who are pursuing a credit card debt consolidation program to get rid of their excessive credit card debts and trying to regain their economical stability. Living in Mission Valley is indeed a dream. Owning a beautiful house in this place with a small garden or lawn in front.......sounds great doesn't it? Your children can play in the gardens while you sit and sip tea. Or do you want...more
Do you own property in San Diego? Are you aware about the concept of filing for bankruptcies and foreclosures? First of all, let us take up the term, "bankruptcy." You have bought a property by taking a loan from a bank or from a lender. What happens when you can't make your loan payments on time? A notice will be sent to you reminding you to clear your pending payments. In case you fail to repay the amount within this period, the creditor will issue a foreclosure on your property.Foreclosing of a property means that the borrower has to vacate the property and the control will go to the bank or the lender. They might sell it to reimburse the amount which was loaned to the borrower. You can stall the foreclosure proceedings by filing for bankruptcy. There are two types of bankruptcy known as chapter 7 and chapter 13. However, most people tend to opt for the chapter 7 bankruptcies.To file for Chapter 7 you have to keep these things in mind: * You need to make a list of your assets and liabilities. You also need to keep a record of your creditors and their claims. * You need to maintain a record of liabilities and income. This list will include your monthly expenses and also the...more
Defining Bankruptcy Bankruptcy laws have changed over the last decade. But despite the changes, bankruptcy is defined as a tool designed by the government to help individuals and businesses overwhelmed by debt. It is a process which allows debtors and businesses to regain control of their finances by eliminating or reorganizing their...more
Denver Bankruptcy Attorney Life is full of surprises. You will never know when you will need to utilize the services of an attorney when in Denver, Colorado. The Fiore Law Firm, LLC specializes on a wide variety of cases and has helped the people of Denver deal better with their cases in court. The firm is also popular amongst natives as an...more
Should I Get A Chapter 7 Bankruptcy Attorney? Bankruptcy is one of the most far reaching decisons that you can make and if you are considering this drastic step, one of your concerns may be whether you need to consult a chapter 7 bankruptcy attorney.If you simply have more debt than you can handle and are considering contacting a chapter 7 bankruptcy attorney, there are some other points that you should consider.The Cost of BankruptcyBankruptcy will stay on your credit report for several years and it can be extremely difficult to be approved for a credit card, car loan or mortgage. And anyone can potentially find out that you declared bankruptcy as it becomes public knowledge.That said, bankruptcy can be a chance to make a fresh financial start, especially for something like medical bankruptcy or credit card bankruptcy, and most people who file maintain that it was a good decision. Most people who file bankruptcy don't lose their house or car.The Complexity of BankruptcyBecause of its complex nature filing for bankruptcy can be confusing and sometimes costly. Due to this it is advised that you consult a bankruptcy attorney, an experienced one can offer you advice that allows...more
What Do You Get To Keep After Bankruptcy? 5 FAQs If you are considering declaring bankruptcy - or have already done so - you are probably curious about what you get to keep as a result of the process. After all, the most common image of...more
Debt Consolidation or Bankruptcy - What's The Best Debt Relief Option? It's a question that has stumped wise men (with overdrawn credit limits) for generations. Do I file for bankruptcy, or do I get debt consolidation loan and spend ten...more
Even if the recession period has drifted away slowly and the world economy has again revived back, there are many instances of bankruptcies till today. One of the major reasons for the declaration of bankruptcy is too much credit card debt....more
"I have enough money to last me the rest of my life, unless I buy something", quoted by Jackie Mason stands true for most of the US residents. Due to the recent price rise and increased rate of unemployment, many are finding themselves knee deep in...more
A person, who is facing mounting debts and harassing calls from creditors for increasing number of unpaid bills, opts to declare himself bankrupt. Bankruptcy is a legal process by he will be able to resolve financial problems within a reasonable...more
Debt Relief 101 - Know Your Debt Relief Options and Avoid Bankruptcy The total consumer debt in the United States has ballooned to over two trillion dollars a full 100% greater than it was just a decade ago. As a result more people than are...more