Making Sense of Personal Bankruptcy Exemptions Declaring personal bankruptcy is often the right choice for those who are unable to pay their creditors because of certain circumstances in their life, such as medical bills, job loss, or a divorce. If you are thinking of declaring personal bankruptcy for these reasons, you may be wondering what [...]
So, you are thinking of declaring personal bankruptcy and are married. You have heard the conspiracies surrounding bankruptcy and divorce, and are becoming a little worried over how your debt will affect your marriage. You want to know whether these rumors are true, and whether declaring personal bankruptcy really does lead to divorce. Declaring personal [...]
Understanding Personal Bankruptcy Once you have met with your bankruptcy attorney and made the decision to declare personal bankruptcy, it is important for you to understand the process thoroughly. If you are looking for a step-by-step guide through chapter 7 bankruptcy, you have come to the right place. We can help you understand what will [...]
Surprising Information Regarding Personal Bankruptcy If you are not currently a legal resident of the United States, you may be wondering whether or not you can declare personal bankruptcy. The simple answer to this question is yes. Before you take steps toward bankruptcy though, make sure you understand what is expected of you and what [...]
Tax Problems? They Can Affect Your Personal Bankruptcy as Well So, you have decided to declare personal bankruptcy through chapter 13 and everything seems to be going well. It appears you have everything in order. There may be one little hitch though: you didn’t file a previous year’s tax return. How will this affect your [...]
So, you have decided to declare personal bankruptcy through chapter 13 and everything seems to be going great. It appears you have everything in order. There may be one little hitch though: you didn’t file a previous year’s tax return. How will this affect your case when you decide to declare personal bankruptcy? Unfilled Tax [...]
After the bankruptcy reform of 2005, declaring personal bankruptcy became a little more difficult for the average individual. For instance, credit counseling became obligatory. If you are interested in declaring personal bankruptcy, you may want to consider the new harsh reality of credit counseling and how it can affect your bankruptcy case. Declaring Personal Bankruptcy [...]
Understanding Personal Bankruptcy and Student Loans The battle between student loans and credit cards relating to declaring personal bankruptcy rages on, and these days, student loans are winning. According to an article by USA today, the student loan debt in the United States is more than $850 billion, while credit card debt is at $828 [...]
Declaring Personal Bankruptcy & Workman’s Comp When you declare personal bankruptcy, and are on workman’s compensation, it is important to understand how your bankruptcy will be affected. Here are some helpful tips on whether you should file bankruptcy while receiving these wage benefits or not. Understanding the Affect of Workman’s Comp when you Declare Personal [...]
When you declare personal bankruptcy, keep in mind that the state you live in could affect what items you are allowed to keep and which ones you are not. Even though federal bankruptcy code declares what items can be kept, the personal bankruptcy code also allows states to choose whether they want to use the [...]