Bankruptcy Statement of Intention

Bankruptcy, a legal process designed to give you a fresh financial start, can deal your credit a devastating blow. As damaging as bankruptcy is, the bankruptcy process is the start of the path to developing a much stronger and healthier financial history.

Bankruptcy can be a mental relief for some people. For others, it can be an emotional, gut-wrenching experience. Bankrupt borrowers may feel remorse because they gave a promise that they would pay their bills, and lenders made loans to them in good faith based on this promise. Consumers going throug

The struggling economy has caused many people around the country to lose their jobs over the past few years. Many of the people who are now without work have car payments that they are struggling to make, and in many cases, they have to miss several payments so they can buy food and pay the rent on

Dunbar Law is a professionally managed legal services organization that specializes in providing one of the best Attorneys in Chicago as well help in counseling related to legal issues. We have a team of committed and experienced legal counselors who are devoted to offer the best service in the area

Filing for bankruptcy is the absolute last resort. Yet it is a decision being faced by many Americans every day. Negotiating with your creditors always helps and though it may seem like they are unwilling to listen, you need to convince them that you would like nothing better than to repay but just

The more time you have after your bankruptcy is discharged the more opportunities you'll have to get credit.

Life events, such as serious illness or unemployment, often leave people struggling with serious financial issues and considering bankruptcy. There are several options if you want to avoid bankruptcy. Negotiating cash settlements with lenders, securing a loan modification on a mortgage and creating

If a resident of Florida owes you money under a contract and has not made payments as agreed under the contract, you may opt to garnish the person's wages to recover amounts the debtor owes. Typically, this involves obtaining a judgment and authorization from the court to garnish wages, then contact

In medical terms, a bankruptcy can be compared to an amputation. It causes a permanent scarring of your body and should be resorted only if there is no other option and if inaction may lead to a risk of the life falling in danger. As far as debt settlement is concerned, it can be compared to the inf

Bankruptcy court is a special court that handles all types of bankruptcy cases. You can file your petition regarding such cases in this type of a court. These courts have specially been established for this very purpose.

If a debtor owes money to multiple creditors but does not have enough money to pay each one, problems arise as to which creditors get paid first. Claim priority breaks down into two main categories: secured and unsecured claims. Secured claims prevail over unsecured claims. A judgment may be a secur

When you owe a creditor money, you might start receiving phone calls and other forms of communication from a debt collector. Debt collectors must follow a strict set of rules in regards to how a debt can be collected. Understanding these guidelines can help you determine if you are being treated fai

A medical transcriptionist is a key member of a medical team responsible for ensuring medical records are kept accurate and up-to-date. A transcriptionist receives audio recordings from physicians, surgeons and other health practitioners and transcribes them onto paper or a computer, using headphone

If you are greatly pressured by an overwhelming debt, which beyond your financial capability to resolve it, does it mean bankruptcy filing is the only option for you to get a debt relief? Find the alternative of bankruptcy from this article.

Bankruptcy is one option that can provide people experiencing financial hardships a way to get relief from their debts while protecting their home and property. But which type of bankruptcy is best for you? The benefits and risks associated with each type of bankruptcy may differ for each individual

In bad economic times, how you pay your bills becomes an art form. Getting the money to come in on the days before you need it to go back out requires prioritizing of bills. Paying basic utility bills is an obvious decision, but there are many other bills that are flexible or come with lower late fe

The purpose of a bankruptcy is to allow you a fresh start and to get out from under overwhelming financial debt so it doesn't hinder that fresh start. One factor that leads many people into a situation where they have to declare bankruptcy is the lack of a job. With little or no income, debts begin

Bankruptcy, in simple language means insolvency i.e. a person is no longer in a position to repay his debts. Such a situation arises when liabilities exceed assets and therefore you have no assets to repay your debts.