Chapter 7 Bankruptcy | The Benefits of Filing Bankruptcy (Pt.1) Chapter 7 Bankruptcy | You’ve always been told that bankruptcy is a bad thing, and that it can take years to recover. But a lot of times, bankruptcy can be just what you need for financial recovery. When is Bankruptcy a Good Thing? While it’s [...]
Bankruptcy Lawyer | Going Through a Divorce and Considering Bankruptcy? Bankruptcy Lawyer | Those who have been through it will tell you that divorce can be expensive. In Florida, marital property is distributed equitably between the spouses, and "equitable" doesn't necessarily mean "equal." It is possible that one spouse will come away with more assets [...]
Bankruptcy Lawyer | Understanding Debt Bankruptcy Lawyer | Understanding why you are in debt is the first step you can take to getting out of it. And getting out of debt might just be key to avoiding a lot of things, such as undue stress and bankruptcy. Here are some tips to managing your debt. [...]
Chapter 13 Bankruptcy | Bankruptcy and Unlisted Assets Chapter 13 Bankruptcy | It is critical that you properly list your assets while filing for bankruptcy. Serious consequences can fall to those debtors who fail to disclose or who significantly undervalue assets in the bankruptcy Petition and Schedules. Courts hold that the debtor has an absolute [...]
Bankruptcy Lawyer | Fighting Over Credit Card Debt Bankruptcy Lawyer | A woman in Fairfield, Connecticut has been arrested for assaulting her husband… over credit card debt. Assault Over Credit Card Debt and Divorce According to police, Xiaojie Guo, 34, assaulted her husband, leaving scratch marks on his stomach and neck, over credit card debt as [...]
Bankruptcy Lawyer | Saladworks Seeks Chapter 11 Bankruptcy Protection Bankruptcy Lawyer | Saladworks LLC has filed for Chapter 11 bankruptcy protection. The company is looking for a buyer that will be able to extricate the company from an on-going legal issue involving its current owners. Operations Continuing During Chapter 11 Bankruptcy Based in suburban Philadelphia, [...]
Chapter 7 Bankruptcy | Should You Start Repaying Debts Before Filing? Chapter 7 Bankruptcy | Why pay off a credit card or other debts before you file bankruptcy? This would seem to be a counter-intuitive thing to do. After all, you’re filing bankruptcy presumably because you need to eliminate debts. But many debtors choose to [...]
Bankruptcy Lawyer | Lenders Using Unsavory Tactics Bankruptcy Lawyer | There seems to be no end to the unsavory tactics employed by some lenders against consumer borrowers. We have noted in previous posts, for example, lenders’ quick engagement of debt collectors to pursue borrowers, even when many of those consumers have not defaulted on a [...]
Bankruptcy Lawyer | Understanding Chapter 7, 11, and 13 Bankruptcy (Pt. 2) Bankruptcy Lawyer | Keep Up Your Regular Secured Debt Payments To protect yourself from foreclosure or repossession, you will need to continue making payments on those loans. this is because Chapter 13 does not eliminate a secured creditor’s lien. Most courts require you [...]
Chapter 7 Bankruptcy | Understanding Chapter 7, 11, and 13 Bankruptcy (Pt. 1) Chapter 7 Bankruptcy | Bankruptcy means seeking help to get back on strong financial footing. That often means forfeiting some of your property through the process of liquidating your assets. But specifically what happens to your property in bankruptcy is entirely based [...]