Credit Card Debt Bankruptcy – Is This Your Best Debt Relief Option? By: Bowen Alfie About the Author www.debtadvicezone.com is a matchmaker in the debt settlement industry. They have paired up thousands of consumers up with debt settlement companies who are most likely to get consumers the best deal.http://www.debtadvicezone.comcontact us for free debt advice = 8884442820 (ArticlesBase SC #3062556) Article...more
Chapter 7 Bankruptcy is a liquidation proceeding in which the debtor's non-exempt assets are sold by the Chapter 7 trustee and are distributed to creditors according to the priorities established in the Code. Eligibility for filing Chapter 7 Bankruptcy is determined by the means test instituted with the 2005 amendments to the Bankruptcy code. Chapter 7 is generally the simplest and quickest form of Bankruptcy and is available to individuals, married couples, corporations and partnerships. Individuals who are residents, have a Business place, or own property in the United States may file for Bankruptcy in a federal court under Chapter 7. Chapter 7 Bankruptcy is not available to individuals who have had Bankruptcy cases dismissed within the prior 180 days under specified circumstances.In a Chapter 7 Bankruptcy, the individual is allowed to keep certain exempt property. The value of property that can be claimed as exempt varies from state to state. Other assets, if any, are liquidated by the interim trustee to repay creditors. Many types of unsecured debt are legally discharged by the Bankruptcy proceeding, but there are various types of debt that are not discharged in a Chapter 7....more
Whether to file alone or jointly with your spouse is a decision not to be taken lightly and should be made with the advice of experience bankruptcy counsel. The advantages and disadvantages of joint filing will vary with each case. Contact an experienced bankruptcy attorney to determine which option is right for you.Should You File For Bankruptcy...more
All you need to do is follow this guide and you can surely bounce back from bankruptcy and eventually rebuild your credit history.How to Rebuild Your Credit After Bankruptcy By: Liz Roberts About the Author New Horizon Business Services, Inc NHBS, Inc has been providing consumers and business owners with financing since 1989....more
What it means to file for Personal Bankruptcy is important to investigate prior to moving forward with such a serious action. Personal bankruptcy is a complex legal action that is partly sanctioned by the Canada Bankruptcy and Insolvency Act. This is a legal and financial process that should never be entered into lightly. Individuals considering bankruptcy should take time making sure this is the right decision for their particular situation. They should also consult with a with a Bankruptcy Trustee. In Ontario, according to statute, all personal bankruptcies are to be filed be filed by a Bankruptcy Trustee.There are certain eligibility requirements individuals must meet in order to file for Bankruptcy. If you reside in Canada and owe more than one thousand dollars, and are 18 years of age or older, and can additionally prove you have investigated all other debt repayment options then you are eligible to file for personal bankruptcy.Once you have made the decision to file bankruptcy, it is important to find a licensed Trustee. When you meet with your bankruptcy trustee, you will spend this time reviewing your financial profile and determine a feasible debt repayment plan. At the...more
Chapter 7 bankruptcy is the most common form of bankruptcy in the United States. This form of bankruptcy can be used both by individuals and businesses that have amassed massive amounts of debts and no longer have the means to pay those debts...more
The culture of St. Louis invites you to consider the entire metro-area as "St. Louis." The truth is the Mississippi divides us and changes the laws we must follow, including the rules and regulations for bankruptcy. To add to the confusion, many of...more
Aggressive Debt Reduction Tactics – Debt Settlement Vs. Chapter 7 Bankruptcy By: meena jha About the Author The Writer is research analyst with Financial Solutions, which is an organization that helps overextended consumers...more
If you have unbearable debts and thinking of wiping it off with declaration of bankruptcy, only on your decision to wait, while there may be other options. Try to improve the situation before the bankruptcy option to investigate. No matter how you...more
Millions of Americans struggle with the problem of out of control and seemingly unmanageable debt, sometimes the result of bad decisions, or bad luck. Whatever the case, the mountain of debt often seems insurmountable, unless you are willing to...more
Consulting With A Bankruptcy Attorney By: Jason Fadien About the Author For experienced, knowledgeable and trustworthy bankruptcy assistance, contact the attorneys from www.legalhelpers.com. Call toll-free 800-260-1402 today for...more