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 [...]
Chapter 13 Bankruptcy | Filing Personal Bankruptcy as a Business Owner Chapter 13 Bankruptcy | Being a small business owner has its perks, but unfortunately there are a lot of risks as well. Small business owners simply do not have the same job security as employees of government agencies or large corporations. Sometimes, they end [...]
Chapter 13 Bankruptcy | When Should You File Bankruptcy (Pt. 2) Chapter 13 Bankruptcy | It’s advised that you wait to file for bankruptcy if you have new debts looming in the future. This is because Chapter 7 bankruptcy only erases debts you have as of the date you file. So if large debts are heading [...]
Chapter 13 Bankruptcy | Bankruptcy Lawsuit Over College Tuition Chapter 13 Bankruptcy | As part of an aggressive and growing tactic, bankruptcy trustees are starting to sue universities, and sometimes even the college students themselves, in an effort to take back tuition funds that had been paid years prior. The reason? Trustees feel the money that [...]
Bankruptcy Attorney | Buying a Home After Bankruptcy Bankruptcy Attorney | Getting back into good financial shape after a bankruptcy is a long and tedious process, so much so that the idea of home ownership can seem like nothing more than a dream. However, after filing for bankruptcy, there are certain steps you can take [...]
Chapter 7 Bankruptcy | Can I Eliminate Medical Debt? Chapter 7 Bankruptcy | The cost of health care is on the rise, and the number of Americans lacking adequate medical insurance coverage is increasing along with it. In this climate, many people have alarmingly high medical debts and have turned to bankruptcy for relief. As [...]
Bankruptcy Attorney | Rebuilding Your Credit After Bankruptcy Bankruptcy Attorney | Filing for bankruptcy can cause even the highest of credit scores to plummet deep into the subprime lending zone. Whether you start in the high 700s or in the low 600s, a bankruptcy will most likely drop your credit rating well below 550. Being [...]
Bankruptcy Lawyer | Tips for Managing Debt Bankruptcy Lawyer | Are you facing an ever-growing debt burden? Don’t panic. So long as you have a dependable income, you can formulate a plan for paying off your debt using some of these 5 vital debt management tips. Make a Budget Obviously, there is no way you [...]
Chapter 13 Bankruptcy | How to Use Your Credit Card After Bankruptcy Chapter 13 Bankruptcy | According to the latest numbers, American consumers are doing a better job managing their debt now that at any time since the Great Recession of 2008. Bankruptcy filings are at their lowest rate in 7 years, delinquencies are declining, [...]
Bankruptcy Attorney: How Chapter 13 Works Bankruptcy Attorney: A chapter 13 case begins by filing a petition with the bankruptcy court serving the area where the debtor has a domicile or residence. Unless the court orders otherwise, the debtor must also file with the court: (1) schedules of assets and liabilities; (2) a schedule of current [...]