So you\’ve found yourself in a position where you\’ve just received an inheritance of one kind or another, but you\’re also in the process of filing for bankruptcy. Obviously having to declare bankruptcy means that your finances are already stretched to breaking point, so the news of an inheritance will be very welcome, or […]
Bankruptcy and Inheritance: Things You Should Know Read More »
Having to actually go through the process of declaring bankruptcy in relation to your own property and possessions can be a tough enough experience for most people, but the \”pain\” of the experience can be magnified if some of your property or possessions involve a co-signer, who has now become your co-debtor. You see
The Effect of Filing Bankruptcy on A Cosigner / Co-debtor Read More »
If you take a quick look at the vast majority of bankruptcy cases appearing before judges all over the country the common denominator amongst them is that the people involved ignored all the warning signs of their impending financial meltdown. This obviously included ignoring demands from their creditors for months, or even years in some
The Pitfalls of Negotiating With Creditors Read More »
The idea of declaring bankruptcy has always had a certain stigma attached to it, and the mere mention of the word is enough to fill most people with a sense of dread and shame. After all isn\’t bankruptcy simply admitting to the world that you\’re incapable of managing your own finances and that
Bankruptcy Does Not Equal Shame Read More »
There are a lot of things you need to consider when you\’re in dire financial straits and on the verge of having to declare bankruptcy, so why would anyone be concerned about whether or not filing for bankruptcy would help reinstate your suspended driving license? The most common reasons for a driving license being
Will Filing Bankruptcy Get My Drivers License Back? Read More »
Sometimes people get so far in debt that they can\’t see any way out, except maybe to declare bankruptcy. What absolutely horrifies us to hear though is the advice people get from friends like, \”You\’re bankrupt so why not enjoy yourself a little while you still have your credit cards and cash??\” What
Should You Enjoy A Shopping Spree Before Filing For Bankruptcy? Read More »
Every single responsible adult we know of has the exact same reaction to having to declare bankruptcy – shame. The shame is sometimes so pronounced that it affects people on a very personal level, and you\’ll often hear people who\’ve had to declare bankruptcy refer to themselves as \”failures\” and express a deep level
Bankruptcy Does Not Equal Shame Read More »
Nobody could have ever predicted or expected the sheer scale of foreclosures which occur every single day in the United States, and elsewhere in the world. The fact remains however that foreclosures are now affecting people from all walks of life – from the very wealthy to people who have always occupied the lower rungs
So You Stopped That Foreclosure By Filing For Bankruptcy. Now What? Read More »
Bankruptcy is the legal provision that allows individuals and corporations to alleviate their debts. While the technicalities of each bankruptcy ‘chapter’ are beyond the scope of this article, we will go over the basics of Chapter 7 bankruptcy and see how it differs from Chapter 13. Chapter 7 Bankruptcy This is the most common
BASICS OF CHAPTER 7 BANKRUPTCY FILING Read More »
Bankruptcy is a right dating back to the writing of the US constitution, where the founding fathers of the country provided the ability for people to be able to relieve themselves of debts that they can simply never hope to pay off in their lifetime. Unfortunately like many of the rights provided for in
Can I Get Rid of Student Loan or Tax Debt in a Bankruptcy Read More »