Saving Your Home When Facing Bankruptcy
Stay put while you start fresh A bankruptcy can be stressful enough without worrying about uprooting your family. When you file for a Chapter 7 bankruptcy, the majority of your assets—including your house—may be sold by the bankruptcy trustee in order to pay your creditors. However, there are a few circumstances in which you may […]
What to Do Immediately when Facing Wage Garnishment
You work hard for your paycheck. When a wage garnishment threatens to leave you with only a portion of it, know that you have options, but you need to act quickly. Request credit reports While dealing with wage garnishment can be stressful, having your wages withheld for a debt you don’t rightfully owe is even […]
How To Find The Best Bankruptcy Lawyer
If you’re looking for the best bankruptcy lawyer, there are a few things you should keep in mind when you’re finding the right professional. There are countless lawyers on the market right now, so it’s a good idea to ensure that you choose the lawyer who can truly help handle your bankruptcy without adding stress […]
Britain’s Lenient Bankruptcy Laws
Great Britain is known for many things; they were once the powerhouse of the new world, colonizing and trading throughout the continents. Now, they’re revered for their tradition, culture, and royalty. This beautiful country is a destination spot for many travelers and tourists, but lately, Great Britain’s been seeing a different kind of tourism; “bankruptcy […]
Explaining Your Bankruptcy
Hard times fall on many people, especially in a recession or bad economy. Filing for bankruptcy has been the saving grace for many of these financially frustrated individuals. While filing for bankruptcy can be a huge relief to those in debt, many people feel they don’t know how to explain their bankruptcy to family, creditors […]
Hussey Copper files for bankruptcy
Another American company has been hit hard by the financial crisis. Pennsylvania based producer of copper products, Hussey Copper Ltd. and affiliates filed for bankruptcy in Delaware on September 27. The company blames the price of copper and plans to sell all assets but will continue to operate until agreements are made. The company employs […]
The different types of bankruptcy explained
There are four types of bankruptcy: chapter 7, 11, 12, and 13. They are named depending on their chapters in the United States Bankruptcy code. The types differ based on the debtor, the debtor’s income, and the methods used in repaying the debts. Chapter 7 and 13 bankruptcy are for individuals seeking to settle their […]
How Filing for Bankruptcy Can Lighten Foreclosure Woes
A spike in default notices from July to August signals a housing market in crisis as a greater number of foreclosures loom on the horizon. According to a recent study conducted by RealtyTrac Inc., a foreclosure listing firm, banks have initiated a new wave of foreclosures and mortgage defaults in order to wipe clean their […]
Saab Receives Bankruptcy Protection
People tend to worry when large corporations file for bankruptcy; it can put hundreds of people out of work, it can have a domino effect on its vendors and suppliers and the amount of corporate bankruptcies can be a general indicator of the state of our economy. But just as in personal bankruptcy, corporations can […]
Solyndra Bankruptcy
Solyndra, a U.S. Solar Company known most recently for receiving a federal loan guarantee of $535 million from the Department of Energy, is closing down and filing for Chapter 11 Bankruptcy. The Company released a statement on August 31st to announce that “Solyndra LLC, the American manufacturer of innovative cylindrical solar systems for commercial rooftops […]