The Role a Trustee in Bankruptcy Plays

November 30, 2011 by  | Leave a Comment Filed under: Bankruptcy 

In these hard economic times more and more people are finding it necessary to file for bankruptcy. When a person files for bankruptcy, the United States Department of Justice appoints a person known as a Trustee in Bankruptcy. This person is responsible for ensuring that both the debtor’s (read on...)



What Is a Bankruptcy Trustee?

November 30, 2011 by  | Leave a Comment Filed under: Bankruptcy 

There may be times in an individual’s life when their financial state forces them to have to file for bankruptcy. There are different reasons that individuals find themselves in this position; divorce, loss of employment, large amount of unsecured credit card debt and unexpected medical (read on...)

Things to Know About Bankruptcy

November 29, 2011 by  | Leave a Comment Filed under: Bankruptcy 

Bankruptcy is a process for people who can no longer pay their debts that allow them to liquidate their assets to satisfy their debts or to create a repayment plan to satisfy those debts. There are many ways to file bankruptcy and it depends on whether the filer is an individual, business or (read on...)

How Does a Chapter 11 Bankruptcy Work?

November 29, 2011 by  | Leave a Comment Filed under: Bankruptcy 

In today’s harsh economic climate, more businesses are struggling to stay on top of their debts. However, as credit becomes increasingly scarce and customers continue to feel the pinch of strained finances, it’s no surprise that more businesses are considering filing for Chapter 11 (read on...)

Important Bankruptcy Terms You Need To Know

November 29, 2011 by  | Leave a Comment Filed under: Bankruptcy 

New bankruptcy filers are often faced with bankruptcy terms they don’t understand. Below are explanations of terms that bankruptcy debtors should know: Means Test The means test is an income test that bankruptcy debtors must take to determine how much disposable income they have to pay (read on...)

Is Filing for Bankruptcy the Best Alternative?

November 29, 2011 by  | Leave a Comment Filed under: Bankruptcy 

The world is suffering financial turmoil at present. While recession rages, price hike becomes extensive. Citizens are more financially hassled-as their expenses escalate so as their financial obligations. You might just be one of them. You’re loosing control over your finances. (read on...)

How Does A Bankruptcy Trustee Identify Preferential Transfers?

November 29, 2011 by  | Leave a Comment Filed under: Bankruptcy 

The issue of pre-bankruptcy transfers is discussed often; but most debtors aren’t sure how a pre-bankruptcy transfer is determined to be preferential and reversible. Below are a few standards that bankruptcy trustees use when determining if a pre-bankruptcy transfer is preferential and (read on...)

The Good and Bad Of "Avoidance" In Bankruptcy

November 29, 2011 by  | Leave a Comment Filed under: Bankruptcy 

Despite what some bankruptcy debtors may assume, avoidance in bankruptcy is not when you run away from paying your bills. Avoidance is the power of the bankruptcy trustee to eliminate liens and reverse asset transfers, specifically those that were created before bankruptcy filing. In some cases (read on...)

Basic Bankruptcy Terms

November 29, 2011 by  | Leave a Comment Filed under: Bankruptcy 

Some people may not believe it is important to be actively involved in their bankruptcy case, but in reality getting educated and involved can significantly impact your case. One of the most misunderstood aspects of bankruptcy is all of the technical jargon. Getting to know a few of the important (read on...)

Debunking Some of the Most Common Bankruptcy Myths

November 29, 2011 by  | Leave a Comment Filed under: Bankruptcy 

Bankruptcy myths are nothing new. People like to talk about bankruptcy, but unfortunately, most people don’t know the truth about what it is that they are talking about. This has led to lies being perpetuated about the process that range from frightening to downright absurd. While this in (read on...)

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