Are you buried in debt? Are your creditors threatening to sue you and garnish your wages? Are you facing foreclosure on your home? If you're crumbling from unmanageable debt burdens, bankruptcy may be a tempting solution to eliminate your debt problems. But bankruptcy is a drastic measure and should always be taken as a last resort. Read on to learn the alternatives to bankruptcy.Debt ManagementA debt management plan (DMP) is a repayment...more
When filing for bankruptcy you must make a decision on which chapter to apply for. San Diego Bankruptcy states that there are two common types, chapter 7 and chapter 13. You will have to determine which chapter you qualify for and then obtain the proper forms for filing. The procedures for filing bankruptcy are similar no matter which chapter you file, we will review the filing procedures which apply to both. 1. Get Necessary Form PackagesIf you...more
Deciding to file for bankruptcy may be the most serious financial decision a person will ever have to make. Bankruptcy San Diego states there are numerous reasons that impact and influence someones path that results in bankruptcy from loss of income and traumatic family issues to natural disasters with many situations in between. After reviewing all potential avenues to correct financial problems has ended with filing for bankruptcy, people need to understand the process. The first step is to understand and determine which chapter of bankruptcy, 7 or 13, is best for their circumstance. The recent changes by Congress regarding bankruptcy laws have had the biggest impact on Chapter 7. Chapter 7 erases almost all types of debt with no repayment to creditors but now people will no longer be able to retain their homes. Chapter 13 affects individuals who have some means to work out a payment plan to creditors, albeit at a much reduced rate. Payment plans are made monthly through a court magistrate and range from three to five years in length. Unlike Chapter 7, those in a Chapter 13 filing are allowed to retain certain assets with their home being the primary one. San Diego Bankruptcy...more
There are many financial problems in the life of an individual that can force him to get loan of any type. The type of loan depends on the type of need. If you need small amount of cash then obviously you dont want to mortgage your home for a mortgage loan. You will go for payday loan or same day loan. And if you need a long term loan with bigger...more
Legal hassles get out of control more so when you dont get in touch with the right New Hampshire bankruptcy lawyer. This is particularly true if you or your company is bankrupt. To find a good attorney might be a difficult task considering the stress loaded situation one might already be in due to going bankrupt. The legal nitty-grittys involved in...more
In most cases, filing bankruptcy is the last option for many individuals. Although, many times the writing is on the walls that bankruptcy is going to be inevitable, most people try to avoid it at all costs. Many times people could avoid a lot of pain by just going in and consulting a bankruptcy attorney when things start getting tough. It doesn't mean that the bankruptcy attorney will think that you need to file bankruptcy immediately, but it might be time to start planning. To have a successful filing, planning is essential.The average American usually waits until they're being sued before calling a bankruptcy attorney to find out if filing bankruptcy can stop the creditors. Many attorneys get calls the morning of the foreclosure sale asking for the attorney to file an emergency bankruptcy to stop the foreclosure sale. Most of the time, it's just too late to do anything. Most Americans don't understand how much is involved in completing a bankruptcy petition especially after the changes to the bankruptcy code in 2005. If all the information was available, it would take close to a day for a paralegal to complete the bankruptcy petition and have their attorneys submitted it...more
Filing for individual bankruptcy is not an easy thing to do and normally its done as a last measure. In today's world, it brings humiliation and a stigma that can literally destroy the psyche of a few. But, from time to time, circumstances leave you...more
Debt crisis or credit crunch, whatever it is, people want to get rid of tough economic climate and to get their finances in order. Paying high interest rate to credit card industries is not a good idea to get rid of financial crunches. It requires an...more
Running a business is a complicated affair. Even when a business is functioning well, unexpected events can alter situations for worse. Unpaid debts can multiply quickly and there comes a point where a company needs to cut its losses and restructure...more
Have you recently been put out of a job because your company is downsizing and eliminating positions? Are you facing a wall of debt that you are unable to conquer? Is your financial situation something that makes you feel vulnerable and uncertain? If...more
In today's society, many Americans try to emulate the lives of famous movie stars. The difference between them and us is, they make billions of dollars and we owed millions of dollars. Well, maybe not quite millions, but it seems like it. Most women...more