Bankruptcy Law

What Can Be Discharged In Bankruptcy

January 18, 2013
People learning what can be discharged in bankrptcy

With debts piling up, there are times when people don’t see any better way to get rid of them other than filing for bankruptcy. This article sheds light on the debts that can be discharged in bankruptcy as well as the ones that can’t be. The following are some common types of debts that people want to get rid of. Have a look at if they are dischargeable in bankruptcy or not. Credit card/Unsecured debt – Credit card debt or any other types of unsecured debt is dischargeable in bankruptcy. These include personal loans, payday loans, store and gas cards etc.…

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How Will Bankruptcy Affect Divorce?

January 11, 2013
how will bankruptcy affect divorce

Regardless of where you live, the pain of going through a divorce can be substantial. When you add financial problems, the stress can become overwhelming. When these problems come together, it may be time to consider bankruptcy. While some people may believe that filing for bankruptcy while filing for divorce at the same time does not make sense. It actually does, and can prove to be very beneficial for all parties. Bankruptcy May Help Relieve Financial Stress: For most married couples, bankruptcy can help reduce the financial load that many couples have accrued during the marriage. It does not matter if…

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Will I lose my home if I file bankruptcy?

March 10, 2012

Many families on the verge of bankruptcy have one all important question on their mind. Will they lose their house during bankruptcy? For almost everyone this is a deal breaker. With a bankruptcy on your record and no house, how are you supposed to keep a roof over your family’s head?  This question isn’t quite as straightforward as a yes or no answer. There are a couple things that need to be taken into consideration first. First you need to calculate how much equity you have in your home. This is a simple calculation. All you need to do is…

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Can I File Personal Bankruptcy Without An Attorney?

February 28, 2012

Can I file bankruptcy without an attorney? Yes, anyone with the money and proper forms can file for bankruptcy, but let’s review the reasons why you should not file bankruptcy without an attorney and competent legal advice. If you file the wrong type of bankruptcy, the time and filing fees are lost. For example, if you file for Chapter 7 bankruptcy and the court finds that your income requires a Chapter 11 bankruptcy, your case will be dismissed. Then you will have to re-file and submit a debt repayment plan under Chapter 11. This drives up the legal fees while…

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Bankruptcy and Divorce

December 19, 2011

If you are having trouble managing your debt load then you are certainly not alone and you should seek out the counsel of bankruptcy attorneys.  It is no secret that if you are having problems with your finances, then it may lead to trouble on the home front as well.  Deciding to file for divorce is never easy but if you and your spouse are considering filing for bankruptcy as well to get debt relief, you may want to wait on the divorce and file bankruptcy first for several reasons. If you file for personal bankruptcy you will be considering either…

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Is Bankruptcy My Only Option for Debt Relief?

November 24, 2011

Many Americans just like you are struggling to pay their bills every month and looking at how they can handle their debt problems.  The first step in dealing with your debt problems is to speak to a bankruptcy lawyer to learn about what options may be available to you.  For some people filing for bankruptcy may be your best option as a chapter 7 bankruptcy can eliminate credit card debt, medical bills, and stop wage garnishments.  A Chapter 13 bankruptcy on the other hand can allow you to strip a second mortgage or make up payments on your home that your…

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