2020 Election | Debt Collection, Consumer Debt & Student Loans

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Not All Debts Are Created Equal In Bankruptcy

A bankruptcy discharge refers to the finalization of a bankruptcy proceeding, whereby the debtor is released from their debts and absolved of liability for those debts. Non-dischargeable debts are unable to be eliminated through bankruptcy and the debtor is held liable for their payment. There are many types of debts that cannot be discharged through bankruptcy, and how the debtor repays the debts varies by the type of bankruptcy filing.

5 Ways to Save Money on an Equipment Appraisal for Bankruptcy Proceedings

Save money on your equipment appraisal costs by following 5 simple steps. If you take the time to prepare a thorough Asset Spreadsheet, provide complete Equipment Information and candid Equipment Photographs, if you plan carefully to maximize efficiency and use an experienced, qualified appraiser, you will get the equipment appraisal you need with the least amount of cash outlay.

Can't Afford A Chapter 13 Bankruptcy, Convert To Chapter 7

After filing for bankruptcy, most Americans would like to think that the worst is over. In today's ever-changing economy that is not necessarily always true. Since the bankruptcy code changed in 2005 and the real estate market melted down in 2007 a lot of people have found their way into a Chapter 13 bankruptcy.

What Happens to My Timeshare During a Bankruptcy?

A lot of the confusion about timeshares comes from not actually knowing what a timeshare is. A timeshare is a partial ownership right to a property. During a bankruptcy, a timeshare is classified as an executory contract.

America's Middle Class Discovers Bankruptcy Protection

In 2010, nearly 1.5 million families filed for bankruptcy protection. That is nearly 80 times greater than the number of individuals who filed for bankruptcy during the Great Depression.In the past 25 years, personal bankruptcy filings have climbed nearly 350%. Most of my bankruptcy clients are middle class families with both spouses working, they own a home or condo, one or both spouses has a college or Masters Degree, they have paid for their children's college educations, or are currently paying their children's student loans due to the fact that their children cannot find jobs after graduating college. Finally, the American middle class is waking up to the fact that they, too, are entitled to government protection, just as General Motors, Ford and Chrysler (Congress injected $25 billion to restructure their debt) and Donald Trump (corporations bearing his name have filed for bankruptcy protection 4 times and Trump is still valued at approximately $2.7 billion). Housing and mortgage debt (first and second mortgages) is at an all time high. Rising health care costs, heating fuel and gasoline costs further eat into the middle class budget. A college education now costs in excess of $80,000.

Filing Bankruptcy, When Do I Stop Paying Credit Cards?

If you file bankruptcy, you will not be paying your credit cards, but when should you stop paying? Should you stop paying if you are NOT filing bankruptcy? What about debt settlement?

The Facts About Bankruptcy Dismissal

Although filing for bankruptcy will be reported to credit agencies, it does afford an opportunity to begin repairing your credit as soon as you receive a discharge of your debt. However, not everyone filing for bankruptcy will receive a debt discharge, but instead may have their petition denied in a bankruptcy dismissal.

Negotiating a Chapter 13 Bankruptcy Plan

With the recent news that the economy is not recovering it seems that the numbers of those filing bankruptcy will continue to rise. This last week the housing numbers were released and as expected were weighed down. Experts are predicting the real estate market to continue on its downward spiral.

4 Steps to Choosing a Bankruptcy Equipment Appraiser

Need an Equipment Appraisal for bankruptcy proceedings? Be sure the appraiser you choose an appraiser meets these four important qualifications: Accreditation, Experience, USPAP Education, and Approval of your Bankruptcy Attorney.

Bankruptcy May Be Able To Help You

Most people become tense when they hear the word "bankruptcy". There are many myths about bankruptcy and people are often surprised to learn that bankruptcy is a process that is designed to help the consumer.

Know The Benefits Of Chapter 13 Bankruptcy!

Chapter 13 is a section of bankruptcy code that helps to the qualified people or small proprietary business owners, who want to repay their debts but are in financial difficulty. Often it is referred to as mini chapter 11 as you generally repay something to the creditors and retain the property and make payments under the plan.

What Is The Involvement of Bankruptcy Attorneys In Chapter 7 And Chapter 13 Filing?

Trying to find unpaid debt relief by filing for insolvency will necessitate a bankruptcy attorneys' assistance as they can give appropriate recommendation on what kind of insolvency proceeding will work out best for an person's financial condition. It is sad that many people have become bankrupt. Individuals may find debt relief by filing for bankruptcy nonetheless it is foreseeable that their credit rating will be affected.

Guidelines in Bankruptcy

What is bankruptcy? Bankruptcy is a serious matter. You will have to give up any possessions of value and your interest in your home.

Chapter 7 Bankruptcy - Why You Need a Bankruptcy Attorney

Filing a Chapter 7 bankruptcy can be very confusing, especially with the new laws that have gone into effect. This is an important reason for hiring a bankruptcy attorney if this is the option being considered. The laws have changed regarding who qualifies to choose Chapter 7 bankruptcy.

Why Congress Added The Means Test To Bankruptcy

Since the US Bankruptcy Code changed back in 2005, filing bankruptcy has taken on a new complexity that many have trouble understanding. One of the main changes that is hard for many people to grasp is the means test. Congress added the means test to bankruptcy law when they changed the code.

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