Unfortunately, bankruptcy filings are becoming fairly common these days among individuals who can no longer manage to pay their debts as they come due. George C. Nielsen is a bankruptcy lawyer in Alexandria, Virginia, and according to him, anyone in the midst of bankruptcy proceedings is required to report a change in income to his bankruptcy trustee.Although there are several factors that can contribute to an eventual Chapter 7 or 13 bankruptcy...more
In todays still-shaky economic climate, many people considering bankruptcy tend to find themselves wondering if their impending Chapter 7 or 13 petitions will end up dooming them to a lifetime of mortgage lender rejection. As a seasoned bankruptcy lawyer in Alexandria, Virginia, George C. Nielsen has been asked this question many times before. Unfortunately, despite his experience in the area, he, too, wonders what the mortgage-related future...more
The choice of a Kansas City bankruptcy attorney is important. When meeting with a Kansas City bankruptcy attorney, the first thing you will want to find out is if the attorney is licensed in the federal district court in your area. For Kansas City, Missouri residents, this will be the Western District of Missouri.Bankruptcy can be the biggest burden to an individual, small business or a multi million dollar corporation. Bankruptcy is a condition where the business cannot meet its debt obligations and petitions as well. In the action, the debtor pays his property to the creditors.When you hire a bankruptcy attorney, you are not just hiring someone to prepare and file your papers. More importantly, a bankruptcy attorney provides you with advice on legal issues and makes sure your rights are protected.Hopefully you will never need a bankruptcy attorney. Whether you live in New York or elsewhere, if you are going to file for bankruptcy it is important to choose the right attorney.If your present financial situation requires that you consult a bankruptcy attorney, it's important that you are very selective in the process. Finding the right bankruptcy attorney will take a...more
You have heard a number of Bankruptcy myths now its perhaps the best time to stay informed about the legal intricacies like,how to file for bankruptcy.As the financial scenario stands now it is not hard to find American families looking ways for filing for bankruptcy to get rid of their mounting amount of debt.In fact when threats of Massachusetts...more
In bankruptcy there are so many different factors involved in this article we are going to look at what relief you can get from creditors while youre in bankruptcy.In previous article weve talked about all the steps that you can take before bankruptcy. But to truly get rid of the debt thats attached to these creditors that are either writing you...more
"Once its clear that you will have to file chapter 7 bankruptcy, its helpful to have a general overview of the chapter 7 time line to understand what is expected of you during each part of the chapter 7 bankruptcy procedure.This article will deal with the basic chapter 7 time line, but it is always important to know that every chapter 7 bankruptcy is different due to each debtors specific circumstances and your chapter 7 time line might take less or more time, depending on your situation. The first thing you must do before filing chapter 7 bankruptcy is, within six months of filing your petition, attend a credit counseling class at a government approved credit counseling agency. The certificate you receive upon completion will be filed as part of your chapter 7 bankruptcy petition.The next step in the chapter 7 time line is to take the means test, which determines you qualify for chapter 7 bankruptcy based on your income.Its important to realize that these two steps of the time line are mandatory and without proof of each, your chapter 7 bankruptcy petition will not be accepted by the court. The next step in the chapter 7 time line is preparing your chapter 7 bankruptcy petition...more
Individuals with large amounts of financial debt opt for filing non-payment when they find no other alternative modes of repayment. Nevertheless, quickly various financial debt settlement programs outpaced the tendency of filing for bankruptcies....more
Each year I am contacted by clients, seeking my advice as an Orlando bankruptcy attorney, only after they have filed their bankruptcy "pro se", without the assistance of a bankruptcy attorney. Normally, these people are in a serious situation and in...more
When it comes to the most important things in our lives, we often turn to friends and loved ones for advice. But, when it comes down to things like bankruptcy more often than not our friends and loved ones are unfortunately uninformed.A lot of things...more
Chapter 7 and Chapter 13 Bankruptcy are the two most common types of bankruptcies filed by people. These bankruptcies are meant for individuals who have huge debts but still want to start a new phase of life with a clean credit report. In our...more
It is not an easy decision to move forward with filing a bankruptcy. For many people the financial choice to clear their debts comes after months of emotionally painful thought. Knowing that they are unable to repay the money that they have borrowed...more
Have you considered filing for bankruptcy? Do you know how scary bankruptcy court can be? Bankruptcy is not the only option and it is not the option for every situation. There are situations that are right for bankruptcy and those that are not. Here...more