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Bankruptcy & consumer credit : Law & Legal & Attorney
Some Bankruptcy Basics
Many people struggle with their finances each day, and many more will be subject to some tough decisions in the coming months. While no one sets out to become financially insolvent, it happens to the
Can Loan Modifications Save the Housing Market?
Much has been made of the Obama administration's'Homeowner Affordability and Stability Program' and its ultimate objective of saving four to five million homes from foreclosure. The term'loan modifica
Asking the Right Questions of a Bankruptcy Lawyer in Chicago
When you start the proceedings for a bankruptcy, then you will need to hire a bankruptcy lawyer in Chicago, and you need to make sure you get all of your questions answered. Often, it is easy for the
Chapter 7 Bankruptcy Attorney, Costs and Vital Facts You Must Know
A Chapter 7 bankruptcy attorney has the experience that you need to help you get a fresh financial start. The economy has been tough on many people and caused them to turn to bankruptcy as a last resort to try and get a handle on their money troubles. Chapter 7 bankruptcy is just one of the ways tha
What Can They Ask Me to Provide In a Bankruptcy Case?
Filing for bankruptcy is a legal step that allows an individual, business or municipality to eliminate or repay all or a portion of outstanding debt. Individuals usually declare one of two bankruptcy "chapters." Chapter 7, or "straight" bankruptcy, eliminates most debts of an ind
How to File Bankruptcy Papers for a Chapter 11 Myself
A Chapter 11 bankruptcy is designed to permit a business enterprise to both reorganize its operations and restructure its debt. The goals of this type of bankruptcy are to permit a business to continue to function while establishing a sounder financial position. Although many businesses retain an ex
How Much Does a Bankruptcy Lawyer Cost?
Curious how much it would cost to hire a bankruptcy lawyer? Not sure if you even need to hire one? Let me help you out.
Amending Your Taxes After a Bankruptcy
Amending a tax return can help you secure a larger tax refund or fix a mistake that could otherwise trigger an Internal Revenue Service audit. The procedure for amending a tax return after a bankruptcy isn't any different than amending your return without a bankruptcy hanging over your head. You mus
Can We Lose Our House if My Husband Files Bankruptcy?
The federal bankruptcy code allows consumers to seek relief from their debts by filing for Chapter 7 or Chapter 13 bankruptcy protection. Married couples can file bankruptcy jointly or individually. Depending on which type of bankruptcy petition is filed, the court may require you to surrender certa
What You Can Expect From a Business Bankruptcy Attorney?
With the recent economic recession taking place worldwide, it's an essential need for any business to be on the lookout for a financial crisis that might show up. Businesses always need to prepare for the worst when it comes to recession, and most businesses have already hired a business bankru
The Us Trustee’S Role In A Chapter 7 Bankruptcy Case
What is the role of the US Trustee in a Chapter 7 Bankruptcy case?First and foremost, it is to make sure that your bankruptcy filing complies with the requirements of the Bankruptcy Code.
What is Bankruptcy Act 279?
The Bankruptcy Act 279 is an application made by an insolvency practitioner to suspend the current running period of a bankruptcy order. This is done as a result of the client's failure to comply with the obligations set out in the initial order requirements.
Does Filing Bankruptcy Stop Estate Delinquencies?
Real estate delinquencies lead to foreclosure. In some states, lenders can begin the foreclosure process after one missed payment. Your credit score will also suffer after a missed payment. If you would like to stop your mortgage debt from accumulating, bankruptcy is an option. Bankruptcy may be a p
Personal Bankruptcy Pros & Cons
Personal bankruptcy can feel like a failure--like an admission of defeat. But the process was designed to give people the chance to make a fresh start. Though there are positive aspects to the process, bankruptcy will not solve all credit and debt problems, and there are consequences that should be
USDA Beef Import Law
The U.S. Department of Agriculture enforces federal laws that regulate the quality of imported beef. The department oversees two inspection services that must approve foreign beef shipments before they can be released to buyers and domestic markets.
How to Incorporate Blue Into a Wedding
Many brides and grooms like to include blue decorations at their weddings because blue traditionally symbolizes loyalty and faithfulness. Some brides like to wear blue items during their weddings because it is part of a Victorian wedding tradition. Blue items create a tranquil atmosphere and can bal
What Are the Duties of a Corporate Attorney?
Corporate lawyers assist clients in anticipating and guarding against business risks.young lawyer image by Alexey Stiop from Fotolia.comLawyers handle the legal aspects of their client's personal and business lives with advice, research and strategy. They are highly trained and educated...
Why Should You Choose Bankruptcy? The Automatic Stay
Bankruptcy can be used as protection from your creditors when you are not able to pay your debts, which is referred to as 'Automatic Stay'.
Illinois LLC Operating Agreement
An operating agreement is an agreement between members of a limited liability company (LLC) which outlines how the LLC will be organized, managed and dissolved. An operating agreement also states how the LLC is funded and governs how profits and losses will be distributed to members.
Bankruptcy Rules of Procedure
A debtor has two choices when filing for bankruptcy---filing for Chapter 7 or for Chapter 13. In a Chapter 7 bankruptcy, also known as a "liquidation" bankruptcy, all legally expungable debt is eliminated and the debtor's assets are sold to pay creditors. A Chapter 13 bankruptcy is known as a reorga