Your health must be the first priority over your finances -- however as it does, the results could at times be devastating. According to the study of Harvard University, medical bills reasoned completely half of all bankruptcy filings. Moreover all three-quarters of those bankruptcy filers had medical insurance, in any case as they first got sick. Thanks to the high charges of insurance, laws which permits insurers to drop the sick and the...more
I have recently come across an enquiry from a lady whose partner was seeking to go bankrupt. He has a property which he doesn’t live in, as he lives with her. It is rented out at present. She wanted to know what would happen to the rental income on that property if he became bankrupt. That set me thinking, as there must be many people in the same or similar situation now that we have so many people getting together later with...more
Like most people, you want to do it your way. If this is the case, then you want to file chapter 7 yourself. I warn you, this is a tough act for anyone to do. It is hard to file bankruptcy now a days because of the improved bankruptcy laws under the BAPCPA or Bankruptcy Abuse Prevention and Consumer Protection Act. This law started to take effect on October 2005, making it difficult for everyone to file bankruptcy, especially chapter 7. Before the new bankruptcy law, people can just choose a type of bankruptcy according to their liking. If a person likes a chapter 7 over a chapter 13, then he can just file it. This leads to people taking advantage of the chapter 7, which is a great tool in eliminating debts quickly. This causes the creditors and lenders to be in great difficulty in their business and even run the risk of filing bankruptcy. As we all know, credit is important for businesses to grow and expand. Credit is also important for consumers like you and me who might need cash in cases of emergencies.To file chapter 7 your self, you have to start with the basics, get familiar with bankruptcy, plot your plan of approach and prepare yourself for the inevitable. ...more
Bankruptcy is an action that is legal and gives a person the chance to have a fresh financial start. One type of bankruptcy is chapter 7, considered to be the cheapest and fastest in eliminating debts. Every person who is in need of bankruptcy seems to want to file this type of bankruptcy.If you want to file your bankruptcy chapter 7, the first...more
Everyone has the privilege to file bankruptcy. They can file as many times as they want but they do not exactly get the result that they wanted. There are certain requirements and qualifications to be able to file bankruptcy and also there are specific guidelines to follow to be able to file a certain type of bankruptcy. Among the types of...more
If youre surfing the net to file bankruptcy online then you are walking blindly. There is no way a person can file bankruptcy chapter 7 online. There is no bankruptcy court that accepts bankruptcy chapter 7 application online. You have to do it the hard way and that means getting out of your couch, have your forms prepared and present them yourself in the bankruptcy court. However, what you can do online is to research on how to file bankruptcy chapter 7, learn some basics about the latest bankruptcy law, download bankruptcy forms and avail services from an online bankruptcy lawyer or a petition preparer. You just have to be mentally prepared before you go filing your papers through the bankruptcy court. Now, still thinking about where to file chapter 7 bankruptcy online? I doubt it.There are millions of people like you who want to file bankruptcy and so many of them just cannot do it alone. The complication of the numerous bankruptcy forms, legal requirements and other qualifications for bankruptcy can be daunting for anyone who files for bankruptcy at the very first time of their life.Bankruptcy is a legal undertaking that any person can take if he or she is found eligible...more
If you are wondering where to find forms to file chapter 7 bankruptcy, then you need not to look any further. All you need is to have a personal computer and an internet connection and everything is possible with just one click of the computer...more
If you are going bankrupt, one of the very first questions that are asked by an advisor are what happens to their bank account, if it is worth opening a basic bank account prior to declaring bankruptcy, and if all accounts need to be...more
If you have a recently discharged bankruptcy, you are probably wondering what you need to do to get your life back on track. One of the key things you need to do is begin after bankruptcy credit repair. People tend to put this off,...more
Bankruptcy in the state of Florida can be filed by an individual without the aid of an attorney or document preparation agency. Yet, it is still recommended that anyone filing for personal bankruptcy should seek legal counsel.The...more
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At the time of filing a petition declaring bankruptcy you will need to provide the court with a statement known as the disclosure statement that essentially lists out all of your assets and debts. This list of assets and debts must be...more