Category: Bankruptcy Law Center

There are people who find that they are in a financial position where filing for bankruptcy seems like their only option. However, the decision to file for bankruptcy should be made with a great deal of thought. It should never be entered into lightly as the cost of bankruptcy is a great deal higher than […]

It might be true that filing for bankruptcy is the solution to your financial problems. However, if you are unsure of how to proceed, it could become a difficult thing to manage. There are plenty of resources online that will help you learn more and go through the bankruptcy procedures to make it a little […]

There are many people who use bankruptcy as a solution to their overwhelming debt. However, filing for bankruptcy should be the last thing you think of when you are trying to find a solution to your financial problems. Generally speaking, you should not consider filing for bankruptcy until all of your other options have been […]

There are different options available to you if you have already made the decision to declare bankruptcy. As an individual, you will have a couple of options to choose from when filing your bankruptcy case. These choices involve either having to liquidate your debt or to reorganize them. Chapter 7 Bankruptcy When you are applying for […]

It is the bankruptcy law in US that makes it possible for a debtor who cannot pay his creditors, develop a plan to resolve his debts. His resolving of debt is basically done by dividing assets amongst his creditors so that the creditors’ interests are treated equally. There are also some bankruptcy law proceedings that […]

When you file for bankruptcy in the US, you have to do so following the bankruptcy law of US. However it is rather difficult for one to make the life changing decision of declaring bankruptcy. The decision lies solely in the hands of the person suffering from a financial problem. If you are thinking about […]

The bankruptcy law in US was created with the intention of helping people in dire financial circumstances level up in life and to start afresh. There are different applications to the bankruptcy law to help you come out of debt like selling off all your assets and using the money to settle your dues. Then […]

With the change in bankruptcy laws in 2005 many people feel that they no longer qualify to file for bankruptcy. The fact is, very few people are adversely affected by the new laws. Even though the government made some revisions to the bankruptcy process, the average person will still qualify to file. There was a […]

Many people think that that the new bankruptcy laws have changed to the point they can no longer seek relief from debt through bankruptcy court. This is not true. Bankruptcy is still available to the consumer for debt relief, especially if they meet the required criteria. Most people who were previously eligible to file Chapter […]

People who are facing serious credit problems such as garnishment or repossession often will file bankruptcy to prevent those things from happening. Filing bankruptcy will also stop the harassing phone calls and nasty letters. Filing bankruptcy is a way to discharge your debts by filing insolvency through a bankruptcy court. Once you file the federal […]