To start with, find out if you truly even need a bankruptcy lawyer. If your situation is pretty straightforward, then odds are you can have a bankruptcy petition preparer to file on your behalf. If your particular situation is complicated you may will need an experienced bankruptcy lawyer.The more difficult your circumstance the more you will need to consult directly with your attorney to ensure that your case is properly handled. With so much...more
New Bankruptcy Laws - Why Declaring Bankruptcy is Getting Harder For Consumers By: Brigham Baldwin About the Author www.debtconsoladate.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.debtconsoladate.com (ArticlesBase SC #3128630) Article Source:...more
Are you looking for bankruptcy alternatives? Do you want to know why filing a personal bankruptcy should be your last resort? This article tries to answer most of the common questions related to bankruptcy and its alternatives.We all know that the US economy has been hit by a recession and it is because of this reason that thousands of people have lost their jobs. They are now finding it difficult to repay the debts that they have and thus they are becoming defaulters. In order to avoid the harassment calls from the creditors, most of them are opting for bankruptcy filing. Once they are successfully filing for bankruptcy, they are facing numerous problems. These are discussed below:• Bankruptcy on first place has become difficult to file for. This is because of the new regulations laid down by the government. People are now required to qualify for the same. This means that they are now required to go for credit counseling session with the counselors selected by the government. If the counselors think that the person is in a situation to repay the debt either partially or completely, he or she will not be allowed to file for bankruptcy. Instead, the counselors will help the person...more
Debt Relief Options - Advice For the Unemployed When Considering Bankruptcy By: Blair Alfred About the Author www.debteliminationagency.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...more
Bankruptcy is an option that often has to be considered where an individual cannot pay their debts as they fall due. A first time bankrupt will generally receive their discharge one year after the date of the Bankruptcy order. Although bankrupt has a bad stigma and is publicly advertised. It could be a useful option when dealing with individual...more
In a world where foreclosure is common place, and people are constantly having to declare bankruptcy, unsecured debt is a liability that can cause inordinate amounts of strain on your well-being. Between credit cards, mortgages, and unexpected expenses it is very difficult to avoid being in debt; however, consolidating what you owe under a single lender may provide you with a way to lessen, and possibly rid yourself of, the debts you face.To consolidate your debt you will need to find a third party company that is willing to help you. This is important because their expertise allows them to approach lenders in order to get you the lowest possible interest rates, which will end up saving you thousands of dollars over the course of the loan. Finding the right debt solutions is an imperative part of the process, the more research you do before starting the better off you will be, but you have to be cautious to avoid having someone take advantage of your situation.Many people become desperate as debt piles up, paying the minimum amounts each month or scrambling to find some way to free themselves of the burden altogether, which allows lenders and third party companies to offer...more
As you might expect, anyone filing for Chapter 7 bankruptcy will have their recent income, expenses, and debts scrutinized very heavily. One task that you will be asked to perform is to list all transfers of assets that you have acquired during the...more
Are you deep in debt, without the prospect of paying it off in the near future? Do you fear that you will have to declare bankruptcy and destroy your credit? If you have incurred debt through personal loans and using credit cards to pay for your...more
Just visualize what would be like if you had an attorney whom you could contact any time, to get a valuable advice regarding any legal problem and still, you do not have to be worried about the costs.The California Bankruptcy Lawyer gives individual...more
Finding yourself in a challenging financial predicament can be stressful. Facing the potential of dealing with bankruptcy can be even more stressful.Because most people in serious debt are ashamed of their dilemma, they don't ask questions regarding...more
Chapter 11 has many features built in to assist a troubled company get back on their feet and become a functioning member of the economy once again, but the business itself is responsible for rectifying business practices which may have brought them...more
Bad debt is an amount, where business suffers loss and that loss is counted as an expense, as the amount can't be recollect by the owner. If the debtor declares bankruptcy, problems like bad debt arise. Bad debt is also known by money; therefore it...more