How Do You Qualify For Chapter 13 Bankruptcy?

December 14, 2011 by  | Leave a Comment Filed under: Bankruptcy 

Qualifying for Chapter 7 bankruptcy occupies most of a debtor’s concerns when considering their options; but filing Chapter 13 bankruptcy also has its own set if requirements. Let’s take a look at a few: Businesses Need Not Apply Chapter 13 bankruptcy is designed for consumers only. (read on...)



Redemption In Chapter 7 Bankruptcy

December 14, 2011 by  | Leave a Comment Filed under: Bankruptcy 

In Chapter 7 bankruptcy a debtor may have an opportunity to redeem some personal property. Redemption is not reaffirmation; but is similar in that the debtor gets to keep secured property in bankruptcy. Let’s take a closer look at redemption in Chapter 7 bankruptcy: What Is (read on...)

Understanding Security Interest In Bankruptcy

December 14, 2011 by  | Leave a Comment Filed under: Bankruptcy 

When a debtor files bankruptcy with secured property, they will have creditors who have what’s called a security interest. Below is an explanation of security interest and how it impacts a debtor’s bankruptcy: What Is A Security Interest? A security interest is basically the right of (read on...)

Types of Proceedings That Bankruptcy Attorneys Handle

December 13, 2011 by  | Leave a Comment Filed under: Bankruptcy 

Experienced and highly competent bankruptcy attorneys can help in determining the best suitable bankruptcy protection for a particular financial situation and provide guidance during the entire process. Bankruptcy can happen to anyone whether a novice or seasoned businessman, and it is a (read on...)

Cautions To Take When Planning Your Bankruptcy

December 9, 2011 by  | Leave a Comment Filed under: Bankruptcy 

The most successful bankruptcy filings involve careful planning on the part of the debtor and their bankruptcy attorney. However, all pre-bankruptcy planning should be done carefully. Below are a few things debtors should use caution with when planning their bankruptcy: Quitting A Job When a (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...)

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...)

Want To Avoid Bankruptcy? Try This Challenge

November 22, 2011 by  | Leave a Comment Filed under: Bankruptcy 

So you’ve got a mountain of debt that you need to pull yourself out from under and you want to avoid bankruptcy – but you can’t see where you can cut expenses. Yet with more individuals and businesses losing valuable wealth and families on the brink of bankruptcy, it’s so (read on...)

Why Was My Bankruptcy Automatic Stay Lifted?

November 18, 2011 by  | Leave a Comment Filed under: Bankruptcy 

While the vast majority of debtors in bankruptcy receive the protection of the automatic stay, there are circumstances where the stay is shortened, lifted or not put in place at all. Let’s take a look at a few of the facts: Multiple Bankruptcy Filings If a debtor filed bankruptcy once in (read on...)