Bankruptcy Defined
The laws of bankruptcy have changed over the past ten years. Although, even with the amendments made, bankruptcy is still simply defined as a tool to assist individuals and businesses overwhelmed by debt in having a government-backed solution. This process allows either a business or an individual to regain financial control of their life by […]
Top Three Signs You Should Consider Filing For Bankruptcy
Considering the idea that you may have to file for bankruptcy is not an easy topic to contemplate. An individual should never be ashamed of wanting to clean up their financial past and present; ready to do what it takes to move forward. So how do you know when you should consider filing for bankruptcy? […]
Blockbuster Inc. Bankruptcy
It was no surprise when video rental giant Blockbuster was taken down by the smaller but more technologically advanced movie rental companies. Blockbuster tried for years to keep up with their competition, but at the high prices and inflexible return policies, their fall from the top was inevitable. Years later, Blockbuster is still trying to […]
I’m a Renter. Will Bankruptcy Cause Me to Be Evicted?
The job market is very volatile right now, with the unemployment rate as high as it has been in a long time. That combined with the crash of the housing market has made it very difficult for many families to afford their mortgages as they owe much more on their home than it is actually […]
Learning to Budget your Expenses
With the economy in decline many Americans have found themselves discouraged with their finances. Slipping into debt can be stressful, but you can turn your situation around. Learning how to budget effectively can help you take control of your financial future. Most people fall into debt because they live “beyond their means”, basically spending money […]
Divorce and Bankruptcy
Divorce and bankruptcy can each create a difficult time in a person’s life. Unfortunately for some couples, financial problems are what lead them to divorce. While an impending bankruptcy and divorce can seem very overwhelming, there are a few things to know to help ease the process. First you will want to decide which comes […]
Liability of Cosigning on a Loan
Agreeing to co-sign on a loan can be a great way to help a friend, sibling or child establish their own credit or receive a better interest rate. The problem with co-signing on a loan is that if the primary borrower begins missing payments, the liability will fall on you. Before you agree to cosign […]
How are Attorney’s Fees Handled in Bankruptcy?
With the state of the economy it seems that everyone is either looking for work, or is not currently even making enough money to be able to pay all of the bills and expenses that are required for everyday living. It is important that during financially tough situations you have a good support system. It […]
Bankruptcy Fraud
Bankruptcy was created to help protect consumers from the down spiral of debt. While most people who file for bankruptcy are truly in need of assistance, there are some people that have learned how to take advantage of the process. This illegal exploitation of bankruptcy is known as bankruptcy fraud and can lead to some […]
Effect of Annuity or Periodic Payments in Bankruptcy Proceedings
Finances are one of the most common things that people worry about. This is especially true given the current state of the economy. Sadly, many people have lost their jobs, bringing the unemployment rate to a higher percentage than it has been in decades. The housing market has not helped the situation either, as many […]