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Bankruptcy : Business & Finance
Forms for Chapter 7 Bankruptcy
Filing a Chapter 7 bankruptcy will require many financial records to be given to the court.financial image by Patrizier-Design from Fotolia.comFiling for a Chapter 7 bankruptcy will have long-standing affects on a person's credit history, his ability to get insurance and can even...
The Advantages of Chapter 13 Bankruptcy
Declaring bankruptcy under Chapter 13 is one way that the federal government has provided as a means for individuals or families to dig themselves out of what might appear to be an insurmountable debt load. Individuals or families that declare Chapter 13 bankruptcy agree to pay back their...
Payment Protection Insurance: Are They Truly Necessary?
Have you applied for a loan or a credit card? Of course you have. However, there are huge chances that you may not be aware of the things that are added on to your loan agreements.
Bankruptcy Discharge for Illinois
If you have lived in Illinois for at least six consecutive months and cannot pay your bills as agreed, you potentially qualify for a discharge of debt through the United States Bankruptcy Court. A bankruptcy discharge, rendered by an Illinois judge, partially or fully absolves you of most debts depe
Normal Debt to Equity
The debt-to-equity ratio measures the liquidity of a company by calculating the amount of debt in relation to the stockholder equity (cash). Looking at debt to equity is a quick way to determine if the company has borrowed too much against its projected profit, which could mean that the company is i
How Long Can You Be Garnished?
When you owe a debt, your creditor may threaten to garnish your wages. In some cases, this threat is only an attempt to invoke fear. However, some companies follow through on the threat. To follow through, the company files a lawsuit against you. If you fail to pay off the lawsuit, the company goes
How to Avoid Scams for Transforming Debt Into Wealth
The Internet is full of get rich quick schemes and scams, and lots of people fall for them on a daily if not hourly basis. To avoid them, especially the "turn your debt into wealth" scams, you need to pay very close attention to what you may or may not be agreeing to. Once you sign on the dotted lin
Saving Your Investment Property During A Foreclosure Crisis
American homeowners who have had no choice but to let their mortgages go into default are not only on the brink of losing their homes; they might also lose their investment properties in the process. ...
Can I Get Rid of a Judgment Lien When Filing a Chapter 7 Bankruptcy?
In a Chapter 7 bankruptcy you are not be able to avoid junior mortgages or equity lines of credit (considered to be consensual liens) on your property even if your house is underwater. Treatment of underwater liens is different in a Chapter 7 case then a Chapter 13 case. However, the good news is th
Rules For Personal Bankruptcy
Given the struggles in today's economy, it is understandable if you do not wish to burden friends and family with your financial problems. When you are barely making ends meet and unable to pay certain bills to satisfy others, there comes a sense of shame that you would rather not expose. Filin
What to Avoid Before Filing Bankruptcy
Although bankruptcy is theoretically a snapshot of your financial situation at one point in time, the things you do before you file bankruptcy can affect how your case turns out. Certain payments you make or charges you incur can work against you, to the point where the bankruptcy court could possib
IVA Specialists Can Help You Get Your Life Back Together
Legal expertise and knowledge is more than needed to manage the legal and financial proceedings that are involved within IVAs. IVA specialists are the only individuals who are allowed and are capable of successfully handling an Individual Voluntary Agreement plan in your best interests.
Hiring a Bankruptcy Attorney in Sacramento
In America, the number of people getting trapped under debt has increased significantly. Recession was considered, as one major reason for this upset. The US economy before 2009's recession was considered to be the soundest ...
How long after you file bankruptcy is the case over?
Bankruptcy is a federal procedure that follows a relatively consistent timeline for most standard cases. However, the timeline to completion for bankruptcy can vary based on the complexity of your case and the amount of assets in your estate that the court needs to process. In addition, the chapter
What to Do When Your Job Won't Pay You?
It's bad enough that you worked hard all week and may have had to deal with annoying co-workers -- now you're having problems getting paid. Well that's simply unacceptable --- the law requires employers to pay employees for work completed. If you find yourself in this situation, take action immediat
Bankruptcy Does Not Mean You Dont Have Any Money
As an experienced bankruptcy lawyer in Nashville, Tennessee, Ron Nevin says that filing for bankruptcy is about seeking relief from excessive debt, not about whether or not you have any money. Here, Nevin explains the differences between Chapter 7 and Chapter 13 bankruptcies and what you can expect
Communicating With Creditors and Credit Bureaus
Let's talk straight about credit for a few minutes. Everyone's needs a little help now and again. The important thing is figuring out how to resolve trouble before it becomes an issue.
About Debt Reduction Grants
Government assistance is available to help you with overwhelming debt.ragged purse image by Oleg Kulakov from Fotolia.comIn tough economic times, a grant from the government to help you get out of debt would be a breath of fresh air. However, such grants, in the sense of free money,...
Motion For Relief From Stay - What a Creditor Needs to Prove in Chapter 7 Bankruptcy
When a creditor files a motion for relief from the automatic stay in a Chapter 7 bankruptcy case, what do they need to prove? Read this article to learn the answer so you can spot holes in their arguments and protect your property.
Do You Have to Wait for Your House to Go into Foreclosure Before Filing for Bankruptcy?
Fearing the loss of your home can involve indescribable stress and anxiety. Not knowing how to save your home, at what point bankruptcy should be filed or even whether you can save it can create confusion and panic. In many cases, however, your home can be saved during the bankruptcy process both be