Posts Tagged ‘bankruptcy exemptions’


Bankruptcy refers to a situation when you are not in a position to make the repayment of your bills due to which the court steps in to discharge your debts either by restructuring of debts or by liquidating your assets and properties.

Bankruptcy Alternatives

If you are considering filing a petition to be declared as bankrupt, there are several things that you need to take into your careful consideration in order to make an informed decision. Bankruptcy is not always the best option. This is instead the last option that you can try when all other alternatives fail to work. But, do you really know those alternatives? If not, this is a must-visit section for you. It will show you an extensive array of ways that can help you avoid bankruptcy. Visit this section if you are serious about putting your finances back on track without becoming bankrupt.

Bankruptcy Basics

What does it really mean to become bankrupt? How it affects your personal, professional, and financial life? Is it the right option for you, considering the specific situation you are in? What do the laws say about it? Do you have any legal rights in this regard? This section answers all the basic questions that you may have about bankruptcy.

Bankruptcy Exemptions

Bankruptcy is often assumed as a process where all your assets and properties are liquidated in order to pay off the debts that you owe to different creditors. In reality, the exact process depends on the specific chapter the petition has been filed under. In any case, where the liquidation of assets and properties is involved, the laws allow you to keep some of those assets. Those assets are called to be “exempted”. This section gives you a detailed rundown on how bankruptcy exemptions work and how you can make the best use of the same.

Bankruptcy Laws

Bankruptcy laws have been explained under different chapters of the bankruptcy code. Some common chapters include chapter 7, chapter 11, and chapter 13. There are other chapters also that are applicable to very specific situations. The laws however are very complicated. This section tries to explain the laws in simple language in order to help you make an informed decision.

Filing Bankruptcy

Filing bankruptcy seems to be an easy option, but the process is not as simple as it sounds. There are plenty of things that you need to take into your careful consideration in this regard. This section answers all your queries that you may have regarding bankruptcy filing.

Life after Bankruptcy

Just because you have become bankrupt, it doesn’t mean that it is the end of world for you. It is true that the record remains alive on your credit report for the next 7 to 10 years, but if you follow certain strategies, you can definitely put your finances back on track. Whether it is about getting a mortgage, car loan, personal loan, credit card, or even employment, this section will help you how to enjoy a smooth life after bankruptcy.

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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...

Credit Repair

Building Credit With No Credit

When it comes to building credit with no credit, there are several online canadian pharmacy factors that you need to take into account. Just because you do not have any credit history at present, it does not mean you will never have one. No one is born with a readymade credit history. You have to gi...

Credit Repair

A Loan To Defeat All Loans Debt Relief Loan
Payday loans fax-free payday loans and instant online payday loans are everywhere be it on the Internet newspapers or television. Today when the economy is in turmoil these loans look like the saving gra... Read more

Tips On How To Consolidate Payday Loan Debt
You may need to consolidate payday loan debt when you are caught in the middle of a financial crisis arising out of your inability to repay multiple loans. Debt consolidation loan allows you to consolidate all... Read more

Do Not Put Up With Debt Collectors Harassment
There was an emergency and the need arose to take a payday loan. It seemed to be the fastest and the best option available then. However now the debt collectors harassment is horrendous. The fact that using t... Read more

Consolidate Payday Advances To Save Yourself
Payday advances are loans taken against a persons paycheck. They have a way of digging into your paycheck month after month. They usually have exorbitant interest rates though the sites offering the services... Read more

Can I Consolidate Payday Loans
Can I consolidate payday loans is a question you are sure to ask yourself when faced with a trying financial situation. When payment of loans becomes difficult it is possible to consolidate and replace many... Read more

What are the pros and cons of debt consolidation?