Chapter 7 Bankruptcy - Will I Lose My Car? (Reaffirmation)

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How Bankruptcy Is a Solution to Debt Problems

Bankruptcy is considered to be the last resort or ultimate solution to most debt problems. If you have excessive credit card debt or other bills such as medical debts, utilities, foreclosures, tax debts, domestic relations proceeding, contingency lawsuits, professional malpractice debts, etc., you could wipe all of them out by declaring bankruptcy. However making the decision of filing bankruptcy is not an easy task for most people as it involves a lot of careful financial pre-planning, legal advice and future consequences.

What Is An Adversary Proceeding When Filing Bankruptcy?

Credit card issuers offer debt that is unsecured meaning you have not put any collateral or property in exchange for having a line of credit or a credit limit. If a debtor wants to file bankruptcy on credit card debt, the issuers will sometimes challenge the validity of this bankruptcy by filing an 'adversary proceeding' claiming that the debt was racked up as a result of fraud and should therefore be excluded from discharge.

Filing For Bankruptcy In Business

When a company faces financial problems, their options are somewhat limited compared to the options for an individual with financial trouble. As a business, creditors may not be willing, or have the ability to negotiate payment terms for debts that are owed. Filing for bankruptcy as a business can be much more complicated than in an individual bankruptcy filing.

Bankruptcy: Who or What Is The Trustee?

People often wonder who the bankruptcy trustee is and that person does in their bankruptcy case. This article explains the ties and responsibilities of the trustee in a personal bankruptcy.

When To Choose Chapter 13 Bankruptcy

Bankruptcy is one option that can provide people experiencing financial hardships a way to get relief from their debts while protecting their home and property. But which type of bankruptcy is best for you? The benefits and risks associated with each type of bankruptcy may differ for each individual, it is best to consult with an experienced bankruptcy attorney to determine which bankruptcy is best for you.

Bankruptcy: How Does the Cost of Oil Affect It?

The cost of oil affects nearly everything we purchase from fuel to food. It even affects an individual's and family's ability to qualify for bankruptcy.

Bankruptcy - Defined in Terms of Management

Bankruptcy of a person or a firm is commonly described as the firm's or an individual's inability to oblige their payments owed to a creditor because of lack of financial funds or property. When an individual or a firm due to lack of funds is not able to clear off their financial credits then a state of insolvency is created, and the person or the firm is treated as Bankrupt financially. Though bankruptcy is of number of types but the most common amongst all is financial bankruptcy as mainly all business firms normally file for their financial bankruptcy...

Your Car and Chapter 7 Bankruptcy

If you are facing bankruptcy you might be worried about whether you can keep your car. There are several options available if you want to retain your car depending on what kind of bankruptcy you decide to file.

What To Know About Filing Bankruptcy A Second Time

There are times when financial disaster strikes, leaving us with very few choices. It is not uncommon for some people to need bankruptcy protection more than once in their life. With all the conflicting information about when a person can file for bankruptcy a second time, people experiencing financial troubles can become more overwhelmed.

Filing For Bankruptcy As A Military Veteran

Bankruptcy can protect any individual from creditors, collection efforts and repossession while helping to eliminate debt. Veterans are able to receive many additional protections under bankruptcy that the average filer will not be able to obtain. Bankruptcy laws provide many exemptions for filers to protect certain assets; veterans are afforded these same exemptions and may qualify for additional bankruptcy exemptions.

Bankruptcy Can Eliminate Medical Debt

In nearly all cases, filing bankruptcy will eliminate medical debt. When deciding if bankruptcy is the best way to deal with your medical bills, timing is the most crucial element. Since medical issues are unique to each person, the best advice is to consult a qualified bankruptcy attorney in your area.

Is It Possible To File A Bankruptcy Online?

People always aspire to gain as much income as they can to be able to live the life they want. Unfortunately, not everybody is given the opportunity to achieve this goal. While there are people who hold high positions in the company they work for, some remain in the rank and file and earn only a minimum monthly income just enough to make both ends meet.

Bankruptcy Filing For Businesses

Many businesses are still trying to recover from the hard times of the previous three years. As such, as much as they have tried to hold on to their business, some owners and corporations make the challenging, yet sobering decision that they need to file for chapter 11 bankruptcy. Filing bankruptcy is never an easy option for any person, or for any business, but for many, it's the only way that they can break free from debt, and move forward with a clean slate.

Is It Possible to Get a Loan After Declaring Bankruptcy?

Being authorized for loans after bankruptcy might be challenging but it's achievable. In this article, we will check out some methods that one can go about obtaining loans after filing bankruptcy. Regardless if you are obtaining a car loan package, home loan or personal bank loan, one particular main component that can get you qualified will be your existing earnings.

The Emotional Side of Bankruptcy

The emotional side of filing for bankruptcy. Where and how to get help.

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