If you’re considering filing for bankruptcy, it’s important to know that you can still keep your most important assets. The key is to properly utilize Florida bankruptcy exemptions. When you file for bankruptcy, your assets may be at risk. This is because the bankruptcy court will consider all of your assets when determining whether or […]
Bankruptcy trustees gain access to a variety of your assets when you file. But what is considered an asset in bankruptcy? Is your savings account at risk and do you need to worry about the trustee taking money out of your bank accounts when you file? Here’s what you need to know. In general, you’ll […]
401k and Bankruptcy The money you’ve saved in your 401k retirement savings plan is one of your biggest concerns when it comes to filing for bankruptcy. Understanding what happens with your 401k and bankruptcy will put your mind at ease. Most people spend their entire careers building retirement savings. They automatically put money in a […]
Bankruptcy Assets One of the biggest fears people have about filing for bankruptcy is losing their possessions. Many people avoid filing, even to the point of causing more financial damage, all because they want to continue living in their homes or driving their cars. But do you really need to worry about losing these things […]
Bankruptcy without My Spouse Bankruptcy is an option for single people or married people to get their finances back on track. In many cases, a married person’s finances are tied to his or her spouse, so they’ll file together. But it’s possible to file for bankruptcy without your spouse and for some couples, doing so […]
Judgment Creditor Having a credit card company file legal action against you is nerve-wracking. It only gets worse if they win that judgment. When a creditor is given the power by the court to take further action against you, it can lead to a lot of trouble and make your financial situation a lot worse […]
Rule 2004 Exam Bankruptcy cases are handled in a bankruptcy court, but rarely do people who file need to make a traditional court appearance. There is no jury or witness stand and the closest you’ll come to testifying is at your 341 Meeting of Creditors. However, there are cases in which the bankruptcy trustee calls […]
Bankruptcy Petition Preparer When you file for bankruptcy you are required to file a bankruptcy petition with the court. Most people do so with the assistance of a bankruptcy attorney or bankruptcy petition preparer. Basically, the petition is your bankruptcy application and it tells the court about your debts and assets. Bankruptcy petitions can be […]
Bankruptcy Disclosure Laws If you’re about to file for bankruptcy or you’ve begun the process of filing, you already know the answer to this question. The answer is everything. You must disclose all of your financial information when you file for bankruptcy. Failing to do so can jeopardize your case. Most people file for bankruptcy […]
How Bankruptcy Can Affect a Tax Return Receiving an income tax return can feel great and help you get caught up on debts you’ve fallen behind on. Despite having the option of “breaking even” and not paying as much in payroll taxes throughout the year, some people enjoy receiving a refund check. Unfortunately, the joy […]
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