Dischargeable Debts & Bankruptcy Dischargeable DebtsDischargeable debts are those debts that can be discharged through bankruptcy proceedings. A debtor is no longer personally liable to pay for dischargeable debts after the bankruptcy proceedings are concluded.The following debts are dischargeable:* back rent* utility bills* some court judgments* most credit and charge card bills* department store and gasoline company bills*...more
3 Simples Ways To Avoid Bankruptcy In this debt-ridden society, many of us are in severe financial difficulties. While chapter is the final step in a long street of monetary pressures for many, others opt for this solution too early, now and again without taking into consideration suitable bankruptcy alternatives.There are a number of choices to be had for you if you are in debt and do not wish to declare bankruptcy. The most...more
Should I file bankruptcy before or after Christmas? If you are considering filing bankruptcy, then you should file bankruptcy before Christmas.The reason that I say that is because any debts that you charge on your credit card for Christmas (or any other) shopping will be presumed to be non-dischargeable. Bankruptcy law states that any charges made 0-90 days prior to filing bankruptcy is non-dischargeable. Any charges made 90-180 days MAY OR MAY NOT be dischargeable depending on whether or not they are necessities.Debts that are non-dischargeable must be re-affirmed (continually making monthly payments on it) or redeemed (one time lump sum payment for the fair market value of the property/debt). Since the debts are non-dischargeable, you will still be responsible for ensuring that they are paid off.So anything that you purchase in the 3 months leading up to Christmas (or 3 months prior to filing your bankruptcy) will not be dischargeable.As far as debts that MAY OR MAY NOT be dischargeable, it will depend on whether they were necessities (i.e., gas, food, etc.). If they are not necessities, then they will not be dischargeable. If they are necessities than...more
How To Spot Bankruptcy Malpractice Bankruptcy is a legal process which enables a debtor to make a fresh financial beginning by turning over his assets to be liquefied or undergo reorganization with the help of the government. It basically discharges the individual or business concern of almost all debts depending upon the kind of...more
The Basics Of Bankruptcy - Chapters 7, 11, and 13 The number of cases of bankruptcy has increased tremendously due to recession and loss of jobs. Under the current Federal Bankruptcy Law, there are several chapters under which you can file bankruptcy.Chapter 7: Among the bankruptcy chapters, chapter 7 bankruptcy is the most common...more
Chapter 13 Bankruptcy Strategies Renegade bankruptcy attorney destroys credit myths & thumbs nose at "bailout banks" while SHOWING YOU Exactly how to Live a Debt-Free Life!Grab A Copy Click hereAren't you sick of banks charging 30% interest on credit cards, paying 2% on savings accounts, only to claim they need more profit? You gave them a bail out. Yet still, banks get 0% loans from the government everyday.If your bills are piling up while savings dwindle, you found the solution you are looking for. You are ready for a proven strategy.You may use the same powerful techniques enjoyed by banks, Fortune 500 companies and Wall Street insiders. These same tools are available to all individuals.You have an amazing variety of options provided by law. You have easy alternatives for cutting credit card payments in half without filing bankruptcy. You have extremely powerful and unquestionable rights provided by the US Bankruptcy Code that no creditor can deny.You may be able to stop making credit card payments today. You could wipe out all debts in less than four months with personal bankruptcy and keep everything you own.Use your options wisely. Consequences follow. I want...more
4 Post-Bankruptcy Credit Fix A bad credit history is a sure way to paralyze one' s borrowing privileges. The effects ofhaving bad credit have long been established and well-known amongst the masses but sadto say there are times when...more
Personal Loan After Bankruptcy - Is it Possible to Get a Loan? Are you trying to get a personal loan and you have a bankruptcy on your record from the past? Do you know what your options are when it comes to getting a personal loan...more
The Truth About Debt Consolidation vs Bankruptcy Debt consolidation is just a mere merging of various unsecured loans, which are taken from different creditors, into one secured loan. However, you do have to pay off your debt. And...more
Bankruptcy Lawyer: Finding The Best One The right Bankruptcy attorney can have a cracking effect on your Case, but at the same time the wrong one can affect it negatively, that is why it is necessary to take your time while choosing...more
5 Things To Keep In Mind When Looking For A Bankruptcy Lawyer In California California, like all states in the Unites States, has its own regulations when it comes to bankruptcy proceedings. For a correct and unimpeded filing in...more
Navigating The Complex Bankruptcy System Indiana bankruptcy can result from mismanagement of finances, loss of a job, divorce or other various situations out of your control. Some individuals think personal bankruptcy will limit their...more