preventative measures to protect your finances

Four Things To Know About A Chapter 13 Bankruptcy

If you are in debt and your finances are to the point where your monthly debt obligations have become overwhelming, you may be thinking about bankruptcy. You may be a person with a good income, but you simply have too much money being used to service debt. For people in your situation, there is the possibility of a Chapter 13 bankruptcy. This type of bankruptcy will reorganize and often reduce your debts into a single, monthly payment.   Read More...

Bankruptcy Notions That You May Believe

Losing your job, accumulating large debts and other financial problems can lead to serious hardships for you and your family. Escaping this problem will often require a person to file for bankruptcy, but it can be easy to allow misinformation to discourage people from seeking this type of legal protection. Myth: You Can Accumulate Debt Just Before Filing For Bankruptcy To Have It Discharged Without Paying When some individuals are considering filing for bankruptcy protection, they may assume that they will be able to accumulate a lot of debt on purchases just before filing for this protection.   Read More...

Personal Bankruptcy: The Legalities Involved With Inheritances

With national debt having climbed to over $18 trillion and still on the rise, the future of America's economy is not as stable as it seems. As Americans accumulate more and more debt, it is no wonder that America is seeing a huge influx in bankruptcy filings. If you are considering filing for bankruptcy, you need to determine whether you may be receiving an inheritance anytime soon, as it may become a part of your bankruptcy estate.   Read More...

3 Steps You Can Take To Determine If You Qualify For Chapter 7 Bankruptcy

A visit to a bankruptcy attorney is a great way to find out if you qualify for Chapter 7 bankruptcy; however, there are several things you can do prior to this meeting that may help you find out the answer to this question. Chapter 7 bankruptcy could be beneficial for your financial problems, so here are three things you can do to help you find out if you would even qualify.   Read More...

Chapter 7 Bankruptcy: What Is A Notice Of Abandonment?

Americans file a huge number of chapter 7 bankruptcy applications every year with 1,139,601 cases filed in 2010. The main advantage of chapter 7 bankruptcy is convenience. You simply surrender all of your assets to a bankruptcy trustee who is responsible for liquefying the assets and distributing money back to creditors based on the negotiated settlement. Although you are required to surrender all nonexempt assets, the trustee has the right to abandon an asset by sending you a Notice of Abandonment.   Read More...