Bankruptcy Litigation Options Bankruptcy litigation, within the court of law, can be broken down into four broad categories. They are distinguished based upon their relationship to the bankruptcy itself. This is important to note because it directly impacts the decision-making authority and the jurisdiction. Bankruptcy Litigation Core Matters By definition, these are matters arising under …
Understanding Bankruptcy Litigation What is litigation? Litigation is basically the term that the legal system uses for the process of settling disputes between parties. The dispute can involve the following: Debtors and Trustees Trustees and Creditors Debtors and Creditors While most consumer bankruptcy cases do not involve any actual litigation, there can be a lot …
Advantages and bankruptcy. Most people wouldn’t put these two words together on their own. However, upon closer inspection, those struggling with debt will find bankruptcy offers a refuge from one of life’s most stressful situations. Here are 5 reasons you’ll be glad you considered filing for bankruptcy. Discharge of debt will set you free The …
A chapter 13 bankruptcy commences just like a chapter 7 bankruptcy — by filing forms with the appropriate bankruptcy court. The main form is a called voluntary petition but there are a LOT of other forms that need to be completed to ensure your case is properly filed. Where the debtor chooses to file a …
Making the decision to file for bankruptcy is not easy. A lot of time and thought goes into it in order to determine whether or not it’s the right option for you. And once you’ve decided bankruptcy truly is the best course of action, you have to determine which kind of bankruptcy to file. Chapter …
3 Reasons People File For Chapter 13 Bankruptcy Instead Of Chapter 7 Read More »
One of the benefits of filing for bankruptcy is that you have options. And you owe it to yourself to explore and get professional guidance as to which one is the right fit for your individual situation. Although Chapter 7 is a popular path clients choose to take, it is not the best choice for …
Bankruptcy exemptions are probably the most important part of the bankruptcy system for consumers. The exemptions protect the assets that you need to move forward with your life and to finally get the fresh start you deserve. Receiving a discharge from the bankruptcy court that wipes out a lot of debt is great! There’s no …
Bankruptcy exemptions: The way to protect your assets. Read More »
Although the percentage of chapter 13 cases is steadily climbing, without question, the most common type of bankruptcy is chapter 7 bankruptcy. When you file for chapter 7 bankruptcy, the court places an automatic, temporary stay on your current debts. This prevents creditors from collecting payments, garnishing your wages, foreclosing on your home, repossessing property, …
Most people in the United States are familiar with the concept of going bankrupt. However, the majority of those people don’t understand the actual process of filing for bankruptcy. Although it’s not something people like to think about, bankruptcy can help a person get rid of any debt they have or make a feasible plan …
The various bankruptcy chapters: Know your options Read More »
The bills are piling up and the amount that is owed is significantly greater than the money you have in savings. You are in over your head and you know it — having the ability to admit this fact is a huge accomplishment and an extremely important first step toward fixing the financial problem at …
Qualified Bankruptcy Attorney, How Do You Find One? Read More »
