Articles Posted in Bankruptcy

Filing for bankruptcy can be a stressful process, and the last thing anyone wants is to lose their retirement savings along with their other assets. Retirement accounts are often one of the largest assets a person possesses, so it’s understandable to be worried about what might happen to them during bankruptcy. In this blog post,…

Filing for bankruptcy can be a scary and overwhelming experience. Not only does it affect your finances, but it also puts your assets at risk. That’s why it’s essential to learn how to protect your assets in bankruptcy. In this blog post, we’ll discuss some simple and practical tips to safeguard your assets when filing…

Bankruptcy is a legal process in which individuals or businesses declare that they are unable to pay off their debts. It is a challenging and sometimes overwhelming situation to face. One of the major concerns, when filing for bankruptcy, is whether you will lose any of your assets. If you are considering bankruptcy and concerned…

It is estimated that nearly one-third of Americans are unaware of their risk of financial hardship. Some people don’t even recognize the significance of their debt burdens until an emergency arises. Many others simply fall into financial hardship suddenly, when the unexpected occurs. Regardless of how a person ends up under water, one thing that…

People suffering financial hardship often have more worries than just their mounting bills and inability to pay them. Often times people experience fear over losing their property and assets as part of the process. Although there are some instances in which nonessential property could be liquidated to satisfy a debt in bankruptcy, there are also…

Many people seeking debt relief turn to the internet for a quick search of debt relief solutions. Often, people are guided towards various debt management and debt settlement options that may not be the best option for their financial situation. Although some people readily seek bankruptcy, many other people may hesitate to seek bankruptcy relief…

Wage garnishment is legal order in which your employer is required to deduct money from your salary and wages to be paid to a creditor. Wage garnishment orders can demand portions of your paycheck for resolving debts like spousal/child support, student loan debts or payments to credit card companies. However, for most debts garnishment can…

Bankruptcy lawyers represent debtors, helping them file for bankruptcy. Bankruptcy lawyers assist debtors in understanding the filing process and help them understand the debt repayment plan that the court will require debtors to follow. Some debtors hire Roseville bankruptcy lawyers to represent them during the bankruptcy proceedings. The bankruptcy lawyer will represent the debtor before…

Filing for bankruptcy is not always an easy path, but it is essential to avoid inevitable common mistakes that many individuals have made in the past. Mistake #1: Waiting too long to file One of the main mistakes debtors make is waiting too long to speak with a bankruptcy attorney, opening their financial insolvency to…

Step 2: The Meeting of Creditors: You will have to tell the court and your creditors about your income, expenses, assets, and debts. You will also have to answer detailed questions about your finances. This is called the meeting of creditors. At the meeting of creditors, the debtor is required to appear before the trustee…