"Do Nothing" Strategy to Winning Your Debt Collection Lawsuit

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Declaring Personal Bankruptcy - Thinking of Filing Bankruptcy To Avoid Financial Responsibilities?

The economy has spiraled downwards because of the credit payment defaults of a huge number of businesses. Most of these businesses are owned by small and medium businessmen who may have used up their personal credits to support their business activities. In the end, when the business folds up, they are left with a lot of financial obligations and a dismal personal credit history.

Chapter 13 Bankruptcy Information - How To Formulate Chapter 13 Debt Repayment Plans

When people normally talk about filing for bankruptcy, they usually are referring to Chapter 7 bankruptcy as it is the most common method adopted by people under unmanageable debt burdens. When you file for Chapter 7 bankruptcy, you are allowed to liquidate any assets that you may have left and use the proceeds to mitigate your debt or clear it completely depending on how much you can realize.

Filing Personal Bankruptcy - Understand The Process Involved Before You Decide To Proceed

If you have been reeling under the burden of your debts for some time, and have been unable to meet the payments to your creditors, the thought of filing personal bankruptcy may have crossed your mind more than once. The only thing that may have prevented you from actually doing so is the uncertainty about the process.

Filing For Chapter 7 Bankruptcy? Know The Exceptions To The Automatic Stay

So, you decided that your debt burden was insurmountable given your financial status, and you went ahead and filed for bankruptcy under Chapter 7. So you know that you have legal protection for your home, car and wages as your creditors are prohibited by Court from touching any of these. You are safe against any attempts at foreclosure, repossession or garnishing - in fact; your creditors need to get the Court's permission even for contacting you regarding your debts.

Repairing Credit After Bankruptcy Is Possible

You may have heard that after you file bankruptcy your credit will be ruined. This is not true, after bankruptcy your credit will suffer some, but your credit score was already starting to drop from the late payments, and repossessions. So you probably did not do that much extra damage to your score by filing Chapter 7.

Bankruptcy Assets - Know What To Keep When You Are On The Brim Of Facing Bankruptcy

When you have a high debt burden, you may be anxious to clear it all and be debt-free. This anxiety and pressure from you creditors may cause you to assess your assets in an attempt to see if you could possibly use cash generated by the sale of these assets to defray your debt. In fact, this is what is done by most people facing bankruptcy.

Chapter 13 Bankruptcy Rules - Important Information When You Are Considering Bankruptcy

If you are a home owner whose property is under threat of foreclosure due to non-payment of debts, or if your personal possessions are about to be repossessed for non-payment, you may want to consider chapter 13 bankruptcy rules. Filing for bankruptcy under chapter 13 has been a boon for many debtors because of the innate protection it provides to debtors against foreclosure or repossessing processes regardless of whether they are already initiated or in the pipeline.

Filing For Bankruptcy? Understand The New Bankruptcy Law Before You Proceed

Ever since the Congress passed the new bankruptcy law in 2005, there has been plenty of confusion among consumers who may be contemplating filing for bankruptcy to get relief from their debts. Many of them are unsure about their eligibility under the new law, the changes in the law and how it is likely to affect them. The motivating factors behind the new law are the extension of relief to genuinely debt-ridden consumers who are serious about repayment and prevention of misuse of the system.

When Should You File Joint Bankruptcy - Important Facts You Should Know

When you are staggering under a heavy debt burden, you may be worried about repayment and it is natural to assume that your spouse is also responsible for shouldering this burden. Many people are surprised when they find out that this may or may not be the case. Actually, it all depends on the laws of the state that you are residing in.

How to File Bankruptcy Online

If you have been considering filing bankruptcy, but you really are not sure where to go, or what to do, you should think about how to file bankruptcy online. When you file online bankruptcy you can expect the same quality services from an attorney who specializes in this field of law. You can just have all the advice and help from the attorney's firm without having to take time off from work to go downtown to the offices.

What Happens To Credit Cards With a Bankruptcy?

If you are considering filing Chapter 7 you may be wondering what happens to credit cards with a bankruptcy. We live in an age when the majority of us have credit cards, and most of us cannot imagine living without our cards. Even if you do file a Chapter 7 and have your credit card debts discharged, you will not be living without your charge cards forever, just for a short period of time while you get your financial situation under your control.

Should You Feel Bad About Going Bankrupt?

Bankruptcy is a pretty dark consequence of an individual state of finances. It is pretty sad to hear stories of people committing suicide, or hitting the bottle because of money, yet it happens every day especially in this financially unstable moment.

Bankruptcy and Marriage: Can You File Bankruptcy Without Your Spouse?

This article discusses different factors that should be considered when filing bankruptcy during marriage. These factors are not all-inclusive.

How Filing Bankruptcy Can Be The First Step to Rebuilding Your Credit

Bankruptcy is often simply described as having a negative effect on your credit. The truth is that bankruptcy can be the first step toward reestablishing and rebuilding your credit.

Chapter 13 Vs Chapter 7 Bankruptcy: Similarities

How are Chapter 13 and Chapter 7 Bankruptcies similar? What you need to know before you file.

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