Are you facing financial struggles that you feel like are going to bury you? Do you have credit cards that you just can't pay every month? Have you fallen so far behind on your bills that you don't see any hope of getting out of the mess you are in? Have you had someone in your family become very ill and not have insurance? Did the medical bills pile up and you can't pay them off? There are so many financial things that can consume a family...more
Bankruptcy is often a necessary step for financial recovery. The process is not an easy one, requiring full disclosure of an individual's financial affairs to show proof that the request is valid. Because of the detailed involvement of the courts and the heavy documentation required, this legal process demands the assistance of an attorney. Your lawyer will be familiar with all the court requirements and can help you obtain a positive outcome....more
Pre-Filing Requirements For Chapter 13 BankruptcyThe second requirement you must meet before filing bankruptcy is to take the so-called means test. This means test is key in determining whether you need to file chapter 7 or chapter 13 bankruptcy. The means test examines your income level against a state-determined median, and determines the amount of disposable income you have which may or may not be sufficient, when filing bankruptcy, to support the repayment plan included in a chapter 13 bankruptcy. Because the median income differs from state to state, the income level associated with a chapter 13 bankruptcy also differs from state to state. A third requirement you must meet before filing chapter 13 bankruptcy is that you avow all documentation and information submitted to the court is well grounded in fact, and warranted by existing law or a good faith argument for the modification of the existing law. If you are filing chapter 13 bankruptcy this means that you declare to know and understand the chapter 13 bankruptcy laws that apply when filing bankruptcy. If you claim ignorance of the chapter 13 bankruptcy laws at any point during your chapter 13 bankruptcy filing,...more
Before claiming bankruptcy, try some ways to eliminate the bad debts in a more suitable manner.You might have to face some snide remarks from some people. You must be prepared for all these if you choose to declare bankruptcy. The best thing to do before you file for bankruptcy is to get some valuable advice from a licensed professional. Based on...more
Debt Settlement vs. Bankruptcy: Which Can Free You From Debts?The increasing amount of debts in the country has alarmed many crediting companies. Many people are experiencing financial crisis because of credit card debts. Unfortunately, getting out of debts is a long and complex process that will require debtors to seek legal and financial help....more
Most consumers tend to look for products and services with the lowest prices. This is just natural because getting a good bargain is the essence of the free market. The question about cost however may not be applicable when you look for bankruptcy attorney Orange County. First of all, the professional fees of bankruptcy attorneys in Orange County do not vary much. Second, getting a great deal from the best Orange County bankruptcy attorney involves more than the price of the service. You need to find a lawyer who can provide excellent service and representation for you. So here are the factors that you need to consider. First, you should look for an Orange County bankruptcy attorney that will go beyond the usual free consultation service even if you are not yet a client. Take note that most bankruptcy lawyers may give you free consultations. So there is really no problem about this aspect of the service. However, the best bankruptcy attorney Orange County should provide you with useful materials that will enhance your education about bankruptcy issues. Aside from the free consultation, an excellent lawyer will provide you with educational brochures, reading materials,...more
Debt Consolidation Or Bankruptcy – Which Is A Better Debt Relief Option For You?In the year 2003 in America over a million people filed for bankruptcy. Every year the number is only increasing. Bankruptcy should be the last resort. The Bankruptcy...more