Bankruptcy Secrets Did you know that knowing just a few of these often-unknown bankruptcy secrets can help you with filing? Bankruptcy isn’t necessarily something people want to achieve. Instead, it’s a helpful tool to use when your financial situation takes a turn for the worse. Under US law, you have a right to file for […]
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 Schedule Mistakes Mistakes are made all the time in life, but when you make a mistake in bankruptcy it can cost a lot. Mistakes in listing creditors could mean the difference between a bankruptcy discharge and a bankruptcy fail. The good news is you are usually allowed to correct your mistakes. When it comes […]
Does Bankruptcy Take a Long Time? If you’re facing financial challenges and ongoing harassment by creditors, the last thing you want to hear is that it’s going to take a while to resolve the problem. And while there’s no such thing as a quick fix when it comes to debt, some solutions take longer than […]
Bankruptcy has a bad reputation. People do all they can to avoid filing and even those who have never considered it assume that anyone associated with bankruptcy is shady or looking to take advantage of the financially insecure. But those who discourage debtors from filing for bankruptcy often have an angle, too. It’s possible to […]
Testifying at a Bankruptcy Hearing – 341 Meeting of Creditors One of the most intimidating aspects of filing for bankruptcy is having to participate in the legal meetings that accompany the process. The 341 Meeting of Creditors is a primary example of this. If you are dreading your upcoming bankruptcy hearing with your creditors, you […]
If there’s one thing that’s true about bankruptcy, it’s that there are a lot of misconceptions out there about the process. This usually applies more to Chapter 13 bankruptcy than to Chapter 7 bankruptcy because Chapter 13 tends to be a bit more complex. In general, the difference between Chapter 7 and 13 is explained […]
Life after Bankruptcy The idea of living without debt is the dream of many. This is especially true for those dealing with financial stress on a daily basis. If you’re spending your days dodging calls from creditors and hoping you’ll be able to scrape together enough money to make a credit card payment this month, […]
Bankruptcy Fraud Red Flags Filing for bankruptcy is a complicated process. It’s possible to file on your own, but it isn’t advised because even a simple unintentional mistake can result in your case being dismissed. Worse, you could be accused of bankruptcy fraud. Even if you have every intention of being honest, there are certain […]
Bankruptcy Timing Timing in bankruptcy is very important. A bankruptcy attorney can help you determine the best time to file, but even if you don’t file at the ideal time, there are still ways that bankruptcy can help you. This is true even if creditors or debt collectors have taken drastic action against you. Ideally, […]
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