Considering Bankruptcy? – Should You Choose Chapter 7 or Chapter 13 Bankruptcy?The main purpose of bankruptcy laws is to give people hopelessly overburdened with debt a financial fresh start. Bankruptcy filings are public records. However, under normal circumstances, no one will know about the bankruptcy. Credit Bureaus will maintain a record of the bankruptcy and it will remain on the credit record for 10 years. The most common reasons for...more
'Bankruptcy' the term that can raise the goose bumps of almost every individual who hears it and even a nervous breakdown to those who confront it. Bankruptcy stands for the situation when a person runs into huge debts and there is hardly any money left with him to repay those debts. The clouds of bankrupt situation can hover over anybody's life be...more
Debt Settlement Relief - Taking the Right Steps To Avoid BankruptcyRecent statistics show that 43 percent of Americans are deeply in debt. This number increases every month. On top of that, more families are losing their homes as well. It is more than just a matter of paying of credit cards; it is a matter of taking care of basic needs. If you find...more
Almost all bankruptcy experts will tell you to hire the best lawyers who can provide excellent representation for you. Of course everyone needs a good lawyer no matter what kind of case you have. The problem is how you can specifically identify good Orange County bankruptcy attorneys from the bad. If this is the first time that you will get the services of a lawyer, then you probably do not have any idea how to evaluate bankruptcy attorney Orange County firms. So here are some important points that could help you a lot. First, you should visit the offices of Orange County bankruptcy attorneys. It is not important whether the bankruptcy attorney Orange County firms hold offices in high end buildings or not. What you should evaluate is the way the firms office is organized. You will be able to get good clues and hints if the firm can give good service based on how well organized its office is. Legal luminaries will tell you that if a firm looks like a pigsty, then you can not expect a well organized representation from its lawyers. Just remember that you will probably avoid a dirty clinic. The same is true if you are looking for a lawyer. The organization of the office is...more
Modify in Bankruptcy LawsDebtor Schooling ProgramIn accordance with the new laws in bankruptcy, bankruptcy credit counseling must be received inside 180 days of filing for bankruptcy, and this session should contain a budgetary evaluation. Another...more
What are the advantages of bankruptcy?In spite of that, keep in mind that you cannot be fired from your job solely because you filed for bankruptcy. Ultimately, by understanding the advantages of bankruptcy you can understand if it is the right...more
Can I change from one chapter of bankruptcy to another?Generally speaking, you can convert a case one time to any other chapter you're qualified for. The request to convert can be a simple one-sentence document. Look out for issues, such as moving...more