Articles Posted in Bankruptcy

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 1: Filing the Bankruptcy Petition: You must file a petition with the court. This is a legal document that says you want to file for bankruptcy. You will need to provide information about your address, prior bankruptcies, and type of bankruptcy that you are filing. Be sure to have records and any documents organized…

Each year millions of people experience overwhelming debt. Financial hardship can strike at anytime, leaving a bad debt situation worse. For many people, harassing debt collections and the fear of losing assets may be a further risk. One option for securing debt relief is through bankruptcy. Although the path to debt relief through bankruptcy is…

When you file for bankruptcy, there are some important steps that must be completed before the court will consider your case. You will need to compile and submit a list of all your assets and debts, and you will also need to complete a series of financial forms. The Means Test The means test is…