The aim of bankruptcy is to provide a consumer with a fresh financial start. It should relieve them of overwhelming debt and let them start over. In principle, it is a good idea but between changing laws and social stigma, it is something almost all consumers would prefer to avoid.There are two types of bankruptcy that apply to consumers. Chapter 7 and Chapter 13. Both are designed to help eliminate debt, but they are quite different in how...more
What many people suffering from debt do not realize is that prior to declaring bankruptcy there are other methods of British Debt Relief that should be sought after and enacted. Bankruptcy is often times avoidable because other methods of alleviating debt prove to be successful. When looking into Debt Help UK you will discover that filing for Bankruptcy should be a last resort type solution to overcome debt. With so many options out there for...more
In summary, filing for bankruptcy is not an easy task. Chapter 7 bankruptcy is not something that you can just pick up along the way, it requires a lot of knowledge to achieve a successful filing. Since it is so complicated and involved, you definitely need a certified bankruptcy lawyer to assist you with the entire process through and through....more
Detroit Bankruptcy Lawyers: Will Anyone Know I Filed For Bankruptcy? By: Kevin C. Johnson About the Author Kevin is a practicing attorney in Mount Clemens, Michigan. He practices in the areas of consumer bankruptcy, criminal defense, drunk driving defense, divorce, child custody, and child support. He can be reached at (586)...more
We all know when we go bankrupt but often we decide to postpone our decision out of the fear that filing for bankruptcy will lead us to the eternal abyss of endless despair. Perhaps you delay the decision of bankruptcy filing with the hope to find out another alternative. But face the reality! Do you really think that postponing the decision will bring a solution? The answer is a resounding NO. Hence when needed it is wiser to consult with the Bankruptcy Attorneys and to file for the bankruptcy before the situation goes out of hand.Filing for bankruptcy has its own advantages. To start with, it relieves you from the daunting worries of your debt burden for the time being and offers you with the breathing time to work on the repayment plan. As per the definition of the bankruptcy laws the bankruptcy petition is basically a formal request to the federal court for relief from your growing debts by restructuring of your debts. However, the bankruptcy judge is responsible to make the final ruling on all. Massachusetts bankruptcy hence requires you to give some personal information to let the bankruptcy judge determine whether or not you qualify to file the petition.With the new...more
It is not a simple matter to get cash after bankruptcy. Once you file insolvency, it will tarnish your credit record for up to 10 years. Within these years you will have a tough time on getting loans, including for car as well. So here are some...more
As you can see, reaching this stage of your life does not mean you have lost anything because there is always the future for you. And if you think you have reached the rock bottom here, this is good news, for there would be no other way to go but up...more
Can a Phoenix Bankruptcy Attorney Help Your Finances By: Elle Wood About the Author Elle Wood recommends Dault Law if you are contemplating filing bankruptcy. Brian Dault offers Phoenix Credit and Debt Counseling and is one of...more
The majority of people in the United States have not had to deal with bankruptcy before. It is usually a first-time experience for those who are forced to choose it. When someone is forced to consider bankruptcy, it is important that they understand...more
Many indebted Americans, particularly those with full households to support, are sometimes in a fury to blindly "sign on the dotted line" and take supposed credit counselors up on whatever immediate bailout they are offering. There are many companies...more
Are you at the end of your credit rope? Thinking about taking a leap into the bankruptcy abyss? Before you take such a drastic step, be sure you have explored all your options.Credit counselingCall a credit counselor. Sometimes what you need is...more