Bankruptcy

Basic Things You Must Know About Bankruptcy Dismissal

When you file a petition for bankruptcy and the court rejects your petition on certain grounds, it is legally termed as bankruptcy dismissal. Dismissal means your case is officially closed and that the court will make no further rulings on your case. Some of the most common reasons why a petition is dismissed include violation of court rules, misstatements, and errors in the petition. Following is a brief rundown on some of the different aspects associated with, which you must be well aware of. ...Read more>>

Three Things You must Know about Filing Bankruptcy to Get Rid of Payday Loan Debt

If you are considering filing bankruptcy in an attempt to get rid of your mounting payday loan debt, there are several things that you need to keep in mind. The US laws have certain legal provisions associated with bankruptcy payday loan cases. ...Read more>>

Individual Voluntary Arrangement As Bankruptcy Alternative

Individual voluntary arrangement is used as a bankruptcy alternative in many countries all over the world, including the United States of America. This provision is also commonly referred to as IVA. As per the US bankruptcy laws, a debtor may be allowed to re-arrange the repayment schedule with their creditors. The new arrangement must be done in a way that should clear away the debts within a maximum period of five years. ...Read more>>

5 Basic Things That Typically Happen During Every Bankruptcy Process

The exact bankruptcy process may vary from one state to another, but there are certain basics that remain the same. Following are the typical five steps that must be followed irrespective of where in the United States of America you are located in. ...Read more>>

4 Things You Must Do To Smoothen Your Life After Bankruptcy

After a court declares you bankrupt, you will have to face some tough challenges. Bankruptcy is going to be on your record for the next 7 to 10 years, which means the recovery process for you is going to be very difficult and time consuming. In order to smoothen the quality of your life after bankruptcy, you must do these four things. These 4 steps will help you face the challenges quite efficiently. ...Read more>>

11 Things You Must Do Before Filing For Bankruptcy

If you are considering filing for bankruptcy, you have to be very careful on how you have to go ahead with the process. Always remember, a single wrong move can turn out to be a huge disaster. The decision-making in this regard is not an easy task. It is very important to note that the already difficult process of bankruptcy has become much more complex with the introduction of the Bankruptcy Reform Act 2005. Even a small wrong step can make your case highly complicated, which eventually can even make the desired relief highly expensive, and sometimes, even impossible. Following is a brief rundown on eleven things that you must do in order to make sure you do not end up getting into a worse situation than you are currently in, and that everything goes as smoothly as possible. ...Read more>>

Protect Yourself From Unscrupulous Bankruptcy Attorneys – Follow This 6-Point Checklist

Can bankruptcy be a solution for your debt problems? There is no straight answer to this question. But, one thing is for sure, getting bankrupt must always be the last option, not the first choice. People often end up making wrong decisions mainly because they consult wrong bankruptcy attorneys. An unscrupulous lawyer works with the only objective to make money from the client. They do not give a damn about your debt problems, or for that matter, how to solve it. Finding an honest lawyer sounds like a big joke because honestly and lawyers often do not come together. Therefore, the only way to get the best legal advice from your attorney is to educate yourself about the procedure of bankruptcy. ...Read more>>

Georgia Bankruptcy Exemption Laws

In 2009, many significant changes have been made in Georgia bankruptcy exemption laws. Though federal laws have also made a detailed provision regarding property exemptions under chapter 7, every state is allowed to have its own set of laws in this regard. Georgia has enacted completely different provisions for these cases. If your debts have become so huge that you are unable to repay the same, you may have to use bankruptcy as the last option. ...Read more>>

Federal Bankruptcy Exemptions Explained

Not all states allow you to use federal bankruptcy exemptions set. If you are living in a state that allows it, you can replace the state exemptions with the federal set of exemptions. In other states, where it is not allowed, you can only use federal supplemental exemptions in conjunction with the state exemptions. Following is a list of exemptions allowed as per federal laws. For federal supplemental exemptions, you can click here. ...Read more>>

Common Bankruptcy Questions And Their Answers

Bankruptcy is a legal process through which an individual declares his or her incapability to pay creditors. It is a remedy for the anxiety and tension that builds up when creditors bother the debtor. In layman’s language, bankruptcy is a legal way of dealing with debts one cannot pay. ...Read more>>


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Bankruptcy Alternatives

Individual Voluntary Arrangement As Bankruptcy Alternative

Individual voluntary arrangement is used as a bankruptcy alternative in many countries all over the world, including the United States of America. This provision is also commonly referred to as IVA. As per the US bankruptcy laws, a debtor may be allowed to re-arrange the repayment schedule with thei...

Bankruptcy Alternatives
Life After Bankruptcy

4 Things You Must Do To Smoothen Your Life After Bankruptcy

After a court declares you bankrupt, you will have to face some tough challenges. Bankruptcy is going to be on your record for the next 7 to 10 years, which means the recovery process for you is going to be very difficult and time consuming. In order to smoothen the quality of your life after bankru...

Life After Bankruptcy

Payday Loan Debts and Debt Consolidation
Debt has been a constant companion for middle class people who earn just to live hand to mouth and devoid of any saving for rainy days. We have been trapped in this modern age by various financial constrains wh... Read more

What are the pros and cons of debt consolidation?