When considering whether to file bankruptcy, it is important to take into account all of the options available. For many, the need for and advantages of bankruptcy are obvious. To others, it will be a last resort. As the debts pile up and the creditors hound you, it is important to consider what can

Whether or not you can keep your home in Chapter 7 bankruptcy depends on far more than if you just have a job. The value of your home, the state in which you live and the size of your mortgage can all play a role in determining if you can keep your home. Having a job is more likely to influence if y

Bankruptcy is regulated by federal law; therefore any filing for bankruptcy has to be done in federal court. There are 94 federal judicial districts in the United States, and each has one or more bankruptcy courts.Bankruptcy helps individuals or businesses repay overwhelming debt. It can help them p

When Congress changed the bankruptcy code in 2005, they didn't take into account what it would do to the American family. With the addition of the means test many families don't qualify under combined household incomes, but if they get divorced the couples, now being individuals, qualify b

Debt consolidation is a process of taking many debts and combining them into a single debt. Usually, the debt being consolidated is unsecured, high-interest credit card debt. The advantages of consolidating debt are psychological and financial relief.

The decision to re-finance a home mortgage is a very serious decision that should not be taken lightly and simply. Homeowners should give this decision a great deal of consideration to ensure they are making the best possible decision for their financial situation and personal needs. Some factors to

Due to changes in bankruptcy law, debtors must now complete a credit counseling course before filing. Here's a short explanation of what the course entails and how to prepare for it.

The federal bankruptcy code specifies the provisions under which individuals and business entities may seek bankruptcy protection. Chapter 7 and Chapter 13 are typically used by consumers while Chapter 11 is directed at business entities. If you own or operate a business and are struggling to repay

Debt can be a burden to anybody, but is filing for bankruptcy right for you to relieve the pressures of this debt? Thinking about bankruptcy can be quite a stressful thing! You can probably feel a full blown panic attack coming on, how could you let things get this bad?

The meeting of the creditors is the first opportunity for a creditor and the trustee to ask questions of the bankruptcy filer. Contrary to its name, creditors rarely attend the meeting of the creditors to ask questions. In most bankruptcy cases there are no issues for creditors to investigate, so wh

In a perfect world, after bankruptcy you would have a clean slate, rebuild credit and never suffer financial problems again. Unfortunately, that's rarely the way it works. It's not uncommon for a person to file bankruptcy, then realize that debts that were affirmed during the bankruptcy or other pro

Luxury goods refers to any items that are not considered essential to one's subsistence. Luxury goods are usually nondischargeable items if purchased within a certain time period before filing for bankruptcy. Although federal law and federal courts govern bankruptcy cases, many issues like discharg

Most of us know a few basic facts about credit score. It is a score used to asses one's ability to pay his loan. Banks use this calculation before offering a loan to someone. Besides, there is another quantity that measures your ability to qualify for a loan which is called the Bankruptcy Risk

This article deals with the various types of business bankruptcies and how they are filed. There is also information about the different kinds of bankruptcy law and the organizations and bankruptcy lawyers that understand these laws so they can guide in how to file for bankruptcy to save you from po

Part 2 of an article to help you prepare for the bankruptcy process. Contact a professional and follow their advice. These tips are only a suggestion to help you in this complex legal process.

When to file bankruptcy is a question often asked by people facing what seems to be insurmountable financial difficulties. Here are some ways to use the current economic times to perhaps avoid bankruptcy, and sources to use if you decide bankruptcy is best for you.

During the course of your bankruptcy, the issue of your tax refund may arise. Everyone wants to keep their refund, especially if the amount is considerable.

Medical bills can be run up with hospitals, doctors, pharmacists and physical therapists. Medical debt can also result from using medical services such as laboratories and durable medical equipment suppliers like home oxygen tank vendors. All of these medical service providers and merchants can seek

Goal #3 for Lawyers: Outsource routine office functions.

In modern times cars have become a necessity rather than a luxury.We need cars for many everyday activities such as travelling to work and getting the groceries.It is important that you have a reliable car that you can trust to start every morning and get you where you need to go.If you are thinking