Going through a bankruptcy is difficult and uncomfortable. Often when you are facing bankruptcy, you are in a financial situation where you do not have a choice. If you are thinking about refinancing, it may be difficult. It will not be impossible, but you should know some details about how to refinance after a bankruptcy. This article gives you all the details you need to make sound decisions.
Read MoreA bankruptcy case may end in two ways: by completing the repayment plan or by dismissal. The vast majority of cases are successfully concluded through completion of a repayment plan, but for those few cases that cannot be completed successfully, bankruptcy law provides a mechanism to allow an individual debtor to walk away from most of the obligations associated with the bankruptcy. That is called "discharge." The differences between an automatic dismissal and a discharge are outlined below.
Read MoreBankruptcy fraud refers to a crime that involves the intentional misrepresentation of financial conditions or assets to obtain money, property, or other benefits from bankruptcy proceedings. It can also involve hiding or omitting information to mislead courts and creditors about the individual's financial status.
Read MoreChapter 7 bankruptcy can help you discharge most of your debt and give you a clean start on life. But how much do you have to be in debt to file Chapter 7? And what steps do you take to file and qualify? Let's take a look at this process to help you get out of debt.
Read MoreThere are many categories of debt that are not discharged in a personal bankruptcy with tax debt being on the top of the list with the highest priority of needing to be paid. This means whatever assets you have left are sold, if any, after a bankruptcy, are used for the tax debts.
Read MoreYou read a lot of opinions on whether or not you should file bankruptcy. They go both ways. Some sources tell you should file to stop creditors from harassing you and to provide a court designed restructuring of your debt to make it easier to repay. Some sources tell you to avoid bankruptcy at all costs because it will ruin your credit for at least seven years.
You must analyze your own situation and determine which option works best for you. Let this article act as a jumping off point to get you started before your find a source of file bankruptcy online.
Read MoreBankruptcy can mean your bank is broken. It can mean your finances are corrupted and that life has seriously ruptured. Or it can mean a structured interruption to all of that, and a system designed to establish a route out of where you are and towards a different future. Keep reading to learn about the basic chapters of bankruptcy.
Read MoreA bankruptcy attorney near me can help protect assets from debt collectors and find a way to help free you from your financial responsibilities. Bankruptcy can be complicated so while you may not need a lawyer if you are considering filing for bankruptcy then you should speak with one.
Read More
