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Divorce and Bankruptcy
Financial stress is the number one burden on the success or failure of a marriage. Often people find themselves facing both financial ruin and separation from their spouse. If you are having marital and financial difficulties and feel bankruptcy and divorce are your...
Successful Pre-Bankruptcy Planning
What Is Pre-Bankruptcy Planning? This typically is done by evaluating the timing of your filing. There are some reasons why you might want to plan when to file is to legally move assets around or wait until your income best reflects your current situation. The process...
Debt Relief and Bankruptcy
If you feel there is no hope of paying back your unsecured debt, like credit cards, medical bills, or personal loans during the next five years, you may want to find ways to get debt relief. Debt relief through bankruptcy A good strategy is to talk with a bankruptcy...
Bankruptcy: What You Need to Know
Declaring yourself or your small business bankrupt is a complicated legal process that requires you to follow specific guidelines and procedures. It requires you to show your inability to repay your debts despite your best efforts. Once you file your bankruptcy...
How to Hire a Bankruptcy Lawyer in 3 Easy Steps
Financial difficulties come as uninvited guests, causing your ability to pay your debt to go awry. Bankruptcy lawyers are professionals who help clients get relief from their financial distress. Here are three steps to find the right attorney: 1. List of Potential...
Deconstructing the Myth of Bankruptcy Exemptions
Contrary to popular belief, filing for bankruptcy does not mean that you give up everything that you own. There are bankruptcy exemptions that protect your property even after your filing. Bankruptcy exemptions are the laws that stipulate that your creditors or the...
Understanding the Bankruptcy Process
As you may know, bankruptcy is a court proceeding in which a judge and court trustee examine the assets and liabilities of individuals and businesses who cannot pay their bills. Then the court will decide to discharge the debts and you will no longer be legally...
Chapter 13 Bankruptcy: Know how to file for Protection with Bankruptcy
Bankruptcy is sometimes frowned upon, especially if you do not know the flexible provisions under the Bankruptcy Code. Chapter 13 deals with the adjustment of debts. This provision lets the petitioner apply for protection from bankruptcy by seeking a repayment plan to...
Chapter 7 Bankruptcy: What you need to know before Filing a Bankruptcy Petition
If you or your business are going through financial difficulties and you wish to file for bankruptcy, you may choose to do so under the bankruptcy code. The Bankruptcy Reform Act of 1978, often referred to as the Bankruptcy Code is a federal law and must be read along...
A Round-up of Bankruptcies in 2020
As the year 2020 continues to witness a sharp decline in economic growth, businesses all over the U.S. are filing for bankruptcy. This mainly includes the brick-and-mortar retail sector businesses that have succumbed to the economic meltdown due to operational...