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Why File For Bankruptcy? 3 Reasons Why You Should

Some may wonder why you would file for bankruptcy. Although it isn’t the first choice for many, it may be their only option left. Bankruptcy isn’t a decision anyone would come up with first and foremost, most people will exhaust every possibly avenue before ever considering filing for bankruptcy, because they think filing is taboo. Filing for bankruptcy is not anything to ever be embarrassed about, and it may be necessary in order to survive day to day.…

Is Chapter 7 The Right Choice For You?

One of the biggest questions a client will have for a Chapter 7 bankruptcy attorney is whether this particular approach is the right one for them. A bankruptcy attorney can’t guarantee that any specific approach is perfect for a client, but they can look at a handful of common factors and advise people based on experience. Here are four things a lawyer will assess to determine if Chapter 7 bankruptcy is a good option for a client.…

Considering A Chapter 7 Bankruptcy? Information To Help You Understand How This Works

If you are deep in debt and cannot find a way out, bankruptcy may be a good option. One type of bankruptcy is known as Chapter 7. Below is information on how this type works, as well as other information you should find helpful. Documents Required To The Chapter 7 Bankruptcy Court With a Chapter 7 bankruptcy, you will first file a petition with the court. This type of court is known as bankruptcy court, and there will be one in the area that you currently live in.…

Testifying Under Oath In Bankruptcy Proceedings

Filing a bankruptcy petition involves a lot more than just choosing what type of proceeding you’ll pursue and proving what your financial situation is. Creditors have rights under bankruptcy law, and one of those rights includes questioning the filing party under oath. That means petitioners need to be prepared for what may come if a creditor elects to do more than just assert a claim that they’re owed money. Let’s take a look at how sworn testimony might figure into a bankruptcy case.…

What Is A Bankruptcy Initial Consultation?

When anyone is considering using bankruptcy as a tool to become debt free, he or she is free to meet with a bankruptcy attorney for more information. This visit is often called an initial consultation, and many lawyers offer these visits for free. If you are in the position where you might want to use bankruptcy, you should schedule an initial consultation visit, and here are some of the things that will take place during this visit.…

Can You Prevent Your Landlord From Foreclosing Your Property?

For renters, the prospect of foreclosure can often seem far removed from daily life—while eviction is always a possibility if you stop paying rent, a landlord’s arrangements with their mortgage lender (if any) are not usually within a renter’s knowledge. But if your landlord is foreclosed upon while you’re in the middle of your lease, you could find yourself on shaky ground when it comes to preserving the status quo. Read on to learn more about how foreclosure prevention programs can benefit both homeowners and landlords, as well as some of the steps you can take if you learn your landlord is the subject of foreclosure proceedings.…

Making The Right Bankruptcy Choice: 7 Or 13?

There are several code numbers that cover bankruptcy filings. Most consumers tend to file using either chapter 7 or 13 codes, however. These two chapters are excellent ways to get a better grip on your finances and reset the way you address debt, credit, and money in general. To help identify the major ways these two bankruptcy forms differ, read on, starting with the most popular way to eliminate debts.…

Stop Harrassment From Your Creditors And Address The Debt That You Have Incurred

If you have overextended yourself financially and now are deailing with an influx of harrassing phonecalls from your creditors, you may believe that bankruptcy is the only viable way to resolve the financial dilemma. There are different bankruptcy chapters and repayment solutions to explore, prior to deciding how to handle the financial distress. Learn The Basics Associated With Bankruptcy You do not need to immediately decide if bankruptcy is right for you, but you should make an effort to explore this avenue before your debt becomes so monumental that you are unable to handle the financial crisis any longer.…

Just A Few Things To Think About Before You File Bankruptcy

If you are like most, quite a bit of thought has already gone into the bankruptcy decision. Some filers, though, fail to consider some of the aspects of a chapter 7 filing. To help ensure that your filing and bankruptcy action goes smoothly, read about the three main considerations to keep in mind before you file. Reorganize Your Finances Reorganization usually refers to filing chapter 13 instead of chapter 7, but there is another kind of reorganization you should also consider.…

3 Ways To Plan Your Recovery From Bankruptcy

If you are in the process of going through bankruptcy, you need to be thinking about the future as you go through the bankruptcy process. Going through bankruptcy is not just about forgiving your debts; it is a chance for you to start your financial life over and make better financial choices. Monitor Your Credit Report Your debt should be forgiven during the bankruptcy process. However, the debt forgiveness process doesn’t always go as it should, which is why you should check your credit report on a regular basis.…