preventative measures to protect your finances

How Your Company Can Use Out-Of-Court Restructuring And Bankruptcy To Alleviate Financial Distress

Restructuring your company through Chapter 11 is often the only solution for a company that is experiencing financial distress. However, many companies will attempt an out-of-court restructuring prior to eventually filing Chapter 11 bankruptcy. If you are not sure which option is the best for you, it's a good idea to consult with a bankruptcy lawyer. The Challenges of an Out-Of-Court Restructuring You might wish to avoid going to court because it is more expensive than restructuring out-of-court.   Read More...

Will Bankruptcy Threaten Your Job Security?

Hard-working individuals may be facing Chapter 7 bankruptcy no matter how they try to avoid it. While filing for Chapter 7 bankruptcy requires a lot of thought and consideration, like most things, the impact is not as severe as some might think. One aspect of bankruptcy some worry about is how it might affect their employment. For those concerned about their job security after filing Chapter 7 bankruptcy, learn more by reading below.   Read More...

When The Bankruptcy Trustee Comes To Call

Some chapter 7 bankruptcy filers may overlook the possibility of having to surrender personal property to the bankruptcy trustee. While the vast majority of filers never have to give up any property, certain situations can call for a home visit to inspect personal holdings. This visit can create distress among some filers but it doesn't need to. Read on to find out more about home visits and the red flags that might prompt the trustee to schedule a visit to your home.   Read More...

How Do You Know If You Should File For Chapter 7 Bankruptcy?

Making the decision about whether to file for Chapter 7 bankruptcy is not always completely clear, and that is why many people turn to a lawyer for help with this decision. While there are times when you might not know if this is the best option, there are several different factors you should evaluate that may help you determine if this is really the best way for you to get out of debt, and here are some of them.   Read More...

Conditions That Allow You To Keep Car And House In Chapter 7 Bankruptcy

One of the risks you face when filing for Chapter 7 bankruptcy is being forced to turn over assets that you have, and this can even include a house and car. While this occurs in some situations, it does not always happen. There are many situations in which people are able to keep both their home and car when filing for Chapter 7, and here are the conditions that will affect your ability to keep your house and car.   Read More...