2013 Featured News
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Posted on Dec 31, 2013
According to Fox New York, Detroit isn't the only American city that is under financial strain at present. Two party cities in the U.S.A. are currently facing financial demise and deciding whether ...
Continue reading "More U.S. Cities Facing Potential Bankruptcy" »
Posted on Dec 20, 2013
In most cases, your pension will be protected when you file for bankruptcy. This can be automatic, or you may be able to claim an exemption. But this will not always be the case. Whether or not ...
Continue reading "Bankruptcy and Your Pension or Retirement Plan" »
Posted on Dec 18, 2013
When you file for a Chapter 7 or Chapter 13 bankruptcy, you may be worried about what will happen to your car. Thankfully, if you are prepared and go about your bankruptcy the right way, you may be ...
Continue reading "What Happens to Your Car During Bankruptcy" »
Posted on Dec 12, 2013
Whether you are a small business owner who is going to shutter the business or who wants to keep it alive, bankruptcy can be a helpful option. Your choice to keep the business going or not, as well as ...
Continue reading "Could Bankruptcy Help Me Stay In Business?" »
Posted on Dec 11, 2013
When in a bankruptcy, all of your assets will be frozen. This means that you will be able to go about your business without getting calls from creditors or having your wages garnished. Also, a ...
Continue reading "Can You Allow A Home to Foreclose During Bankruptcy?" »
Posted on Dec 5, 2013
Tuesday, December 3, a federal judge ruled that Detroit is eligible for Chapter 9 bankruptcy protection. This means that the largest municipal bankruptcy case in the United State's history can ...
Continue reading "Judge Rules that Detroit Qualifies for Bankruptcy Protection" »
Posted on Dec 4, 2013
If you are still paying off your student loans, and fail to pay them at the correct time, then you may be heading towards a default. A default is when an individual remains delinquent on payments for ...
Continue reading "What Happens When you Default on a Student Loan?" »
Posted on Nov 29, 2013
Before your debts can be discharged through Chapter 7 bankruptcy, you first have to pass a means test to ensure that you qualify for this bankruptcy. If you are married, then you have the option to ...
Continue reading "The Marital Adjustment Deduction in Chapter 7 Bankruptcy" »
Posted on Nov 27, 2013
Not just anyone can petition for bankruptcy. In fact, there are some people who need to explore alternative options to bankruptcy because they may make too much money to file and get all of their ...
Continue reading "Do You Even Qualify for Bankruptcy?" »
Posted on Nov 21, 2013
For five years after filing for bankruptcy, students will be ineligible for certain student loans. Especially for students seeking to enroll in grad or professional school, this could pose a serious ...
Continue reading "Filling for Bankruptcy and Eligibility for Student Loans" »
Posted on Nov 21, 2013
If you are planning on filing for bankruptcy, it is essential that you ensure you have the forms necessary for the process. The papers required for your bankruptcy may vary depending on what state you ...
Continue reading "Forms You Need to File Bankruptcy" »
Posted on Nov 14, 2013
If you have a cosigner or guarantor for your debt, then you have to be aware of what your filing for bankruptcy would mean for them. While bankruptcy could have adverse consequences for a cosigner, ...
Continue reading "What Would Filing for Bankruptcy Mean for Your Co-Debtor?" »
Posted on Nov 14, 2013
A reaffirmation agreement is a deal that an individual makes with the court in order to promise to pay an outstanding debt. This is required when a person wants to repay a debt rather than have it ...
Continue reading "What is a Reaffirmation Agreement?" »
Posted on Nov 7, 2013
Did you make a mistake in your bankruptcy case? If your bankruptcy has been finalized, or even if it has been dismissed, you might be able to get your bankruptcy case reopened. This would be true in ...
Continue reading "How to Get Your Bankruptcy Case Reopened" »
Posted on Oct 31, 2013
Even if you are overwhelmed with debt, Chapter 7 bankruptcy may not be the answer. Before you file, you have to assess the kind of debt you have to make sure it will actually be discharged in Chapter ...
Continue reading "The Wrong Kind of Debt for Chapter 7 Bankruptcy" »
Posted on Oct 24, 2013
Credit counseling is a required step before you file for bankruptcy. This consultation, which you get at a credit counseling agency, is to determine if you have any alternatives to bankruptcy that ...
Continue reading "Credit Counseling and Bankruptcy" »
Posted on Oct 24, 2013
SIPC stands for Securities Investor Protection Corporation. This is a federally-credited non-profit organization. The SIPC's goal is to rush in to help when a brokerage firm is closed due to ...
Continue reading "The SIPC’s Role in Bankruptcy Proceedings" »
Posted on Oct 17, 2013
When you file for bankruptcy, you will want to take great care to ensure that you do not do anything that would give the court cause to dismiss your case. The court has the liberty to do this under a ...
Continue reading "Reasons the Court can Dismiss Your Bankruptcy" »
Posted on Oct 17, 2013
A U.S. bankruptcy judge will have to determine whether or not Detroit is in fact eligible for Chapter 9 bankruptcy. Hearings started this Tuesday, the 15th. Lawyers who represent the city's ...
Continue reading "Does Detroit Qualify for Bankruptcy?" »
Posted on Oct 10, 2013
Under certain circumstances, those who want to qualify for Chapter 7 bankruptcy will not have to take a means tests to do so. Having a substantial amount of business debt is one such circumstance. If ...
Continue reading "Chapter 7 Bankruptcy and Business Debt" »
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