Bankruptcy Attorney | What is Chapter 11 Bankruptcy? Bankruptcy Attorney | As more and more businesses struggle to turn a dime as we crawl out of the recession, you have most likely heard the term “Chapter 11 bankruptcy.” Recently the rapper 50 Cent filed for Chapter 11, in addition to A&P and Columbia Records. It’s not [...]
Bankruptcy Lawyer | The Foreclosure Crisis is Still Alive (Pt. 2) Bankruptcy Lawyer | If you are falling behind with your house payments and see foreclosure looming, you must act quickly. There are ways to avoid foreclosure, but the longer you wait to take action, the greater the chance of losing your home. Get a Picture of Income [...]
Bankruptcy Attorney | The Foreclosure Crisis is Still Alive (Pt. 1) Bankruptcy Attorney | The foreclosure crisis in the U.S. is still very much alive. Despite the fact that there are fewer homes entering the foreclosure process now, two-thirds of home loans that are currently in some state of the foreclosure process entered that process [...]
Bankruptcy Lawyer | Relativity Media Has Filed Bankruptcy Bankruptcy Lawyer | Entertainment company Relativity Media, the company responsible for “Immortals,” “Act of Valor,” “Oculus” and “Machine Gun Preacher,” has filed for Chapter 11 bankruptcy. The 11-year-old digital-age entertainment company founded by Ryan Kavanaugh often boasted clever financing in addition to data analysis could lead to big box [...]
Medical Bills and Chapter 7 Bankruptcy (Pt. 2) Chapter 7 Bankruptcy | Criteria for Chapter 7 Bankruptcy There are some criteria you will need to meet in order to be able to file for Chapter 7 bankruptcy. 1. Bankruptcy means test This test compares the state’s median monthly family income to your family’s income. You may [...]
Medical Bills and Chapter 7 Bankruptcy (Pt. 1) Chapter 7 Bankruptcy | Medical bills add up fast. A simple operation can cost a family thousands, and even push them into bankruptcy. In fact, medical bills are one of the most common reasons people seek relief in bankruptcy. Luckily, medical debt can be wiped out in bankruptcy. Medical [...]
Bankruptcy Attorney | Bankruptcy Terminology Defined Bankruptcy Attorney | If you’re facing bankruptcy, it’s already a confusing time. Even more confusing is the terminology that goes hand in hand with understanding bankruptcy law. Below we outline some of the more common terms that you will come across and need to understand. Understanding Bankruptcy Terminology Assets are [...]
Bankruptcy Lawyer | Are Foreclosures on the Rise Bankruptcy Lawyer | We've seen these numbers before and can perhaps continue to draw the same conclusions regarding them. To wit: Data relevant to housing markets in Florida and nationally can be construed as either positive or negative, respectively, depending on one's personal predilections in judging. Consider, [...]
Bankruptcy Attorney | A Terrible Debt-Related Story Bankruptcy Attorney | With stories like the following, it’s small wonder that the United States Federal Trade Commission reportedly receives more complaints about debt collectors than any other industry. Here’s what happened to one woman. A collection agency filed a lawsuit against her, alleging nonpayment on a $10,000 [...]
Bankruptcy Lawyer | Handling Debt Collectors Bankruptcy Lawyer | When queried by a media enterprise about behavioral practices in the debt collection industry, an official with one collection company responded by saying that the overriding goal in her field is “to help the consumer.” Really? Millions of consumers across the country would likely challenge that [...]