Introduction to Alternatives to Bankruptcy
Considering whether bankruptcy is an appropriate option for you is a complicated process and varies for each person. If you decide to declare bankruptcy, the process could affect more than just your credit. Declaring bankruptcy could affect your reputation […]
When it comes to filing for bankruptcy, the court does not just look at the state of your financial affairs when you file for bankruptcy. The court will also look […]
The American legal system is a complicated process, but it is not impossible to understand. Attorneys spend years in school learning about how the legal system works for both criminal and civil […]
When an individual files for bankruptcy, the court will assign a person who is called the bankruptcy trustee. The bankruptcy trustee has an active role in both Chapter 7 bankruptcy and Chapter 13 bankruptcy cases. The bankruptcy trustee […]
When it comes to financial distress, most people try to think about all the options they have to improve their situation. For some, that might be looking […]
Financial hardship happens to the best of us. There is no age group that is safe from financial hardship. Despite any other factor, like age or education, bankruptcy is an option for everyone – even small and […]
Bankruptcy is typically reserved for individuals and companies that are going through a financial hardship and are overwhelmed with the financial obligations currently on their plate. There are a few different routes that a debtor can take to achieve an approved bankruptcy petition. There is Chapter 7 bankruptcy, Chapter 13 bankruptcy, and Chapter […]
After a bankruptcy proceeding takes place, the debtor’s debts will be discharged and the debtor will no longer be financially liable for these debts. Granted, this will vary depending on the type of bankruptcy filed and […]
Student loan debt in America is at an all-time high – it has even started to surpass the current amount of credit card debt, which is a first for this country. With that being said, it is no surprise […]
The right to file bankruptcy in the United States has been established in the United States Constitution, under Article I, Section 8, clause 4 – also known as the Bankruptcy Clause.
