Choosing the Right Personal Bankruptcy Lawyer Before you file for personal bankruptcy, it is imperative that you hire the services of a personal bankruptcy lawyer. At the same time it is equally important that you hire a lawyer who practices exclusively in the area of bankruptcy. Lawyers who cover several areas of practice along with bankruptcy will never have that expertise that a lawyer who specializes exclusively in the field of...more
Bankruptcy Information & Advice to Avoid Debt If you are looking for bankruptcy information, you are likely dealing with a large amount of debt and want relief. However, most people do not need to declare bankruptcy in order to get help with their debt situation. It is important to understand what bankruptcy entails and to see what alternatives are available. Bankruptcy is an option that an individual or one of their creditors can ask...more
Bankruptcy - One option for dealing with debts Bankruptcy OrderAt the hearing the court can decide one of four things:Dismiss the bankruptcy petition; Order a ‘stay' in proceedings, i.e. suspend the proceedings if it feels it requires further information to make a decision; Consider referring the application to an Insolvency Practitioner in respect of setting up an IVA if: the unsecured debts total £20,000 or less assets listed in the Statement of Affairs total £2,000 or more the individual petitioner has not been declared bankrupt within the last 5 years if the court feels that, given the circumstances, it is appropriate to do so. If none of the above apply, the Bankruptcy Order will be made. If appropriate the court will also issue a Certificate of Summary Administration. One will be issued if:the bankrupt has unsecured debts of less than £20,000 has neither been bankrupted or subject to a IVA in the previous 5 years and that the bankruptcy order is a result of a debtor's petition only. NOTE: If the court makes no mention at the hearing of issuing a Certificate of Summary Administration, the debtor should ask the court to consider issuing one. This is because it...more
With Bankruptcy Reports, Secured OR Unsecured Credit Cards Are Viable Options If you are considering applying for a credit card after having gone through bankruptcy, the best advice is to apply for secured credit cards that initiate collateral usage for the credit card application other than applying for unsecured credit cards.Have you ever...more
The secret in winning a bankruptcy case is to focus on what you have gained rather than what you have lost. This should be your mindset if you want to totally take advantage of the bankruptcy law. Though the primary concern of bankruptcy is to provide help to individuals or companies overcome their financial struggle. It is not for people or...more
Why File Bankruptcy Over Credit Relief These days, many families are struggling to make ends meet. After a certain point their suffering reaches a tipping point. The trigger may be a job loss or catastrophic illness in the family, or something else entirely. This is when they start to wonder if they should, perhaps, file for bankruptcy or seek the help of a debt relief agency.A legitimate and honest debt relief company can do many good things for you. It can put you through courses that show you how to handle your finance to avoid similar financial troubles in the future. It can help you to find answers to your ongoing credit problems by showing you how to negotiate with your current creditors to get your interest payments reduced, parts of your debt discharged, and additional forms of debt relief as well.Not all such agencies are good or hones, however, If, by chance, you happen to contract with a debt relief agency with a history of taking advantage of consumers, and is only in the business for a quick buck, then you could end up worse than before. So, the key to being successful in handling your debts, is to do lots of due diligence before choosing a debt relief...more
Bankruptcy: What It Can and CAN'T Do For You While bankruptcy is sometimes the ideal solution for individuals who have buried themselves under excessive debt, it isn't the answer to all debt problems. Unfortunately, not all debts can be...more
Bankruptcy Help in Lincoln Do you need help with debt in Lincoln? Are you at a stage in your finances when you simply cannot afford to make payments to any of your creditors? If so you may be thinking of seeking a bankruptcy solution. Here at...more
Before you sign up for credit counseling services, you need to make sure that you are not being taken by a scam artist or a less-than-ethical company. You have probably seen many advertisements promising to get you out of debt, but stop and think for...more
Help filing in bankruptcy forms Do you need help filing in your bankruptcy forms? Are you at a stage in your finances when you simply cannot afford to make payments to any of your creditors? If so you may be thinking of seeking a bankruptcy...more
Help paying for bankruptcy Do you need help paying for your bankruptcy? Do you need help filing in your bankruptcy forms? Are you at a stage in your finances when you simply cannot afford to make payments to any of your creditors? If so you...more
Need help to complete bankruptcy forms How to go bankrupt is a question that we get asked quite a few times a week. It is quite easy to go bankrupt in England and Wales, and this is borne out by the facts that many hundreds of European...more