Bankruptcy News

Chapter 13 Bankruptcy and Discharge

January 9, 2012

Many debtors are under the impression that Chapter 13 bankruptcy will eventually end in discharge of their debts. This can happen, and it is the way the law designed Chapter 13 to work. However, this may not be as common as you think. Many people who file Chapter 13 do so because they have too [...]

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Repaying Debts After Bankruptcy Is Possible

January 2, 2012

Most people who file for bankruptcy do so to get out from under the thumb of their debtors, yet some will actually have a strong desire to continue paying what they owe, even after they file. If you find yourself in this boat, you do have options, and one of those is to continue to [...]

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Bankruptcy and Divorce

December 26, 2011

Many couples who find themselves on the road to divorce also find themselves facing financial difficulties. The fact is that separating from your spouse is expensive, and when you go from two incomes to one, debt is often the result. If you decide to file sometime during or after the divorce process, it will be [...]

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Short Sales and Bankruptcy

December 19, 2011

For homeowners in distress, a short sale often seems like a workable solution to their financial situation. Yet, when further financial difficulties come that mean bankruptcy is inevitable, a short sale may not end up being the best solution. In a short sale, you sell your home for less than what you owe, often because [...]

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Tips for Landing a Car Loan After Bankruptcy

December 12, 2011

Bankruptcy can quickly become a life-changing event for many people, but what those who file do not often know is that it does not have to mean the end of their financial future. You can get loans, even a car loan, after filing for bankruptcy. You simply need to know how to go about getting [...]

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Filing Bankruptcy After a Foreclosure

December 5, 2011

Many people choose to file bankruptcy in an attempt to keep their homes, but what about those who have already entered into a foreclosure? Is there still a benefit to filing? The answer is yes, depending on the debt situation and the debtor’s goals. In fact, bankruptcy can actually protect from some of the effects [...]

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Benefits of a Consultation to Help with Bankruptcy

November 28, 2011

If you are considering filing for bankruptcy, you may want to consider scheduling some time with a bankruptcy consultant. These are legal professionals who know and understand the US Bankruptcy Code. While they will charge for their services, you will find that the peace of mind that comes from having professional help and knowing that [...]

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After Bankruptcy – Avoid These Common Mistakes

November 21, 2011

Once you have made the decision to file for bankruptcy, it can feel like your life is about to start over. If you are smart, then it can. But if you make some common mistakes that people often make after their discharge is complete, then you will be in the same situation once again after [...]

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Making the Most Out of a Free Bankruptcy Consultation

November 14, 2011

If you are going to declare bankruptcy and decide to use an attorney, you may be offered a free bankruptcy consultation. Many attorneys offer these consultations in order to help clients understand how they can help in the filing process, and also sell their skills over their competition. If you have already decided to file [...]

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What Is Involuntary Bankruptcy?

November 7, 2011

Bankruptcy is almost always a voluntary process. Debtors who feel they cannot repay what they owe will make the decision to file bankruptcy, thus bringing court protection for themselves. However, bankruptcy may not always be voluntary. There are a set of circumstances in which an individual or business can be forced into involuntary bankruptcy by [...]

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