How to Write Like a Lawyer in Your Debt Collection Lawsuit

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Eligible Debts For Discharge

Many people seek bankruptcy protection for their debts, but few people know the difference between their debts. Not all debts are the same and their differences are important to the bankruptcy process. Understanding types of debt and how they are managed in bankruptcy is very important to the success of failure of the case.

Avoiding Debt In College

Unfortunately, debt among college students is rapidly rising making it a growing concern for many young adults. Credit cards make it easy and convenient for the cash strapped college student to buy things, few of which every stop to think of the long terms effects of their purchases. Student loans are also becoming one of the biggest sources of debt and bankruptcy filings among graduates today.

What Is Bankruptcy? - Important Points You Need to Understand

Bankruptcy is often associated with failure and poverty, and it is something that everybody hopes to avoid. However, sometimes, things are beyond your control, and you may find yourself having to decide whether you should file for bankruptcy or not. Bankruptcy can happen because of misfortune or misconduct, and you can go bankrupt due to no fault of your own. In itself, bankruptcy is not a bad thing, because it provides a way for you to get rid of your debts. It is actually a solution to financial problems that already exist, and it is not the cause of those problems.

Regaining Your Financial Future Through Chapter 7 Bankruptcy

Life changes all the time. One minute you are high on life, planning a wedding, buying a new home, furnishing it and racking up credit debt like no tomorrow.

When the Creditors Decide to Sue You

Taking this action can be a lifesaver. The worst possible thing to do in a situation like this is to toss your summons onto the table and look at them a few weeks later. Oftentimes, summons only has a 20-day turn around, and if you miss that deadline, a default judgment will be granted to your creditor - with or without your input. This can result in garnishing wages or taking money out of your bank account without your consent.

Is Bankruptcy the Best Choice For You?

The adage rings true: pride goes before a fall. We work for much of our lives and try to save money in order to live comfortably, but life has a way of giving us too many challenges to overcome. Illness, accidents, and downturns in the economy may contribute to loss of income, and sometimes you may feel too proud to ask for help. If you leave things be and hope your situation can correct itself, you might find your financial problems worsen. There is no shame in admitting that you need help getting back on your feet, and it's understandable to admit that the thought of filing for bankruptcy is scary.

The Process of Adding Medical Bills After Filing Bankruptcy

Sometimes life happens, and after a debtor files bankruptcy they get injured and run up medical bills. Can they add those bills to their bankruptcy filing?

3 Effective Ways To Get Debt Free Without Bankruptcy

Debt will definitely stay without an action to resolve it. Therefore, the option to restore your finance back to a manageable level is to find a way to settle the money owed to creditors. If you have detected the signs of debt problems, there are at least 3 effective ways to get debt free without bankruptcy.

Common Fears About Bankruptcy

Although the bankruptcy process can seem intimidating, it is meant to be a tool of assistance to those in financial trouble. The main source of fear for most people who are considering filing for bankruptcy is misinformation. There are many myths that circulate about the bankruptcy process, most of which are completely false. The best way to get over fears about bankruptcy is through education and information.

How Many Times Can You File For Bankruptcy?

The Bankruptcy Code does not limit how many times or how often a debtor can file for bankruptcy relief. However the Code does limit how often a debtor can discharge debt in a bankruptcy case. Whether or not this limitation applies to a specific debtor depends on under which chapter the first and second cases were filed.

Dealing With Debts In Marriage Or Divorce

Money problems are a big source of strain in both marriage and divorce. Many people face tough decisions when unexpected circumstances arise. While filing for bankruptcy can be a great tool for resolving debt troubles, there are additional considerations to be made when filing in either marriage or after a divorce.

Chapter 7 Bankruptcy: Reaffirming a Secured Loan

The purpose of filing Chapter 7 bankruptcy is to discharge debt, which permanently protects the filer from collection activities by creditors. But sometimes debtors may not want to discharge specific debts.

Services Provided By A Bankruptcy Attorney

For the more than one million individuals who file for bankruptcy each year, the process can be long and often intimidating. There are court dates to attend, paperwork to file and creditors to contact, all under the stress and uncertainty of whatever underlying factors caused the economic crisis.

Filing Bankruptcy Multiple Times

Although no one sets out to end up in bankruptcy, it can happen to the best of us. Job loss, medical illness or other unforeseen circumstances can lead even the most financially savvy into trouble with debt. While bankruptcy is meant to be a tool for helping alleviate financial pressure, there are certain rules associated with the filing process that are intended to prevent abuses such as multiple filings.

What Happens to My Car When I File Bankruptcy?

A debtor's vehicle is affected by bankruptcy in different ways depending on whether the vehicle was leased or purchased and which bankruptcy chapter was filed. If the vehicle was leased then the debtor has to choose whether to assume or reject the lease.

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