A Chapter 13 bankruptcy is a form of debt adjustment wherein individuals undergo a financial reorganization under the supervision of a federal bankruptcy court. Also known as reorganization bankruptcy, Chapter 13 bankruptcy allows debtors to pay off a portion of their debts over a period of three to five years. read more…
{ 0 comments }
If you are looking for information on how to file bankruptcy, it is very likely that you see no other practical solution to your seemingly insurmountable debt problem. If that is the case, you are, indeed, on the right track because bankruptcy can be the answer when all else fails.
Filing bankruptcy allows you to start over again. If you are fearful of the negative effect it may have on your credit, you needn’t be. If you are currently in financial difficulty, your credit rating may already be tarnished. read more…
{ 0 comments }
Chapter 7 bankruptcy, also called a straight or total bankruptcy, is a liquidation proceeding designed to erase unsecured debts, such as credit card, personal loans, and medical bills. You are legally allowed to file the petition on your own but it is wiser to contact a bankruptcy attorney who will guide you through every step of the legal process and see that your interests are protected. read more…
{ 5 comments }
Anyone deep in debt must ask, “What is bankruptcy?” and understand what it might accomplish before considering it as an option for a serious financial situation. Some people seem to think that bankruptcy is a bad alternative, and that filing for bankruptcy is an open admission that one has mishandled funds, regardless of whether they are personal or business in nature.
However, bankruptcy is not a bad thing, and filing for bankruptcy is a legal right afforded to all who qualify. There are a variety of positive results that a bankruptcy can bring:
{ 1 comment }
Filing bankruptcy is not something that you normally want to think about or consider, butwhen you get a wake up call from realitythat says, “you need to file for bankruptcy or else,” it’s time to make some serious decisions. Before you start worrying about how to take the next step, the first thing you need to do is to consult a reputable bankruptcy lawyer in your area to help walk you through the whole process. read more…
{ 0 comments }
If you are contemplating filing bankruptcy, you should know that what can make sense in a bankruptcy court may not necessarily seem reasonable to you. Know what you can and can’t do.
Here is a list of the common blunders that can prevent you from receiving the total benefit of filing for bankruptcy. Before you make these mistakes or others equally damaging, consult a bankruptcy lawyer. read more…
{ 0 comments }
© 2012 by Patrick L. Forte.
All Rights Reserved