Emergency Bankruptcy
Dealing with your finances can get quite overwhelming. An accumulation of different issues, factors, and unfortunately debt can really create a great stress on you and your financial welfare. Sometimes when dealing with these issues, people can become buried in an insurmountable amount of debt. High interest rates and unforgiving creditors can speed up the […]
2011 Bankruptcy Trends
It’s no secret that the down economy has taken its toll on many people’s lives. Small business owners, laid-off employees and even corporations are feeling the pressure of the financial losses. According to the American Bankruptcy Institute (ABI) So far the national consumer bankruptcies have fallen 6% the first fiscal quarter of the year, which […]
How bankruptcy in Texas is unique
Although bankruptcy is outlined in federal law, some bankruptcy guidelines may range from state to state regarding exemptions, how filing may effect a spouse, and other aspects. When filing, it is important to know what makes Texas unique. Citizens who file for bankruptcy cannot necessarily use whatever state’s exemption system they file in. They should […]
How Does a Man worth $400 million Find Himself Bankrupt?
Mike Tyson is the perfect example of how not to spend your money. While Tyson was a former heavyweight champion and boxing legend, he may go down in history for how he spent his money instead of how he earned it. Despite Tyson’s nearly $400 million earnings over the past 20 years, he somehow managed […]
Solve Financial Troubles With A Bankruptcy Lawyer
If you’re struggling with debt, finances, and credit, you’re not alone. Countless people are turning to the help of a professional bankruptcy lawyer to help solve their financial troubles once and for all. Bankruptcy can help wipe your debt clean so that you can finally get the fresh start you’ve always wanted. When you file […]
Bankruptcy Attorney Fees and Payment Plans
If you’re thinking about hiring a bankruptcy attorney, you may be wondering how much their services will cost, how you can pay them, and how they can help out in your financial and debt situations. The good news is that hiring and working with a bankruptcy attorney is one of the most affordable and simple […]
With Bankruptcy, Sooner is better
Filing for bankruptcy can be intimidating, especially for people who have always been financially secure. There are quite a few reasons why people put off filing for bankruptcy; denial, embarrassment or maybe they consider bankruptcy a final option. Waiting, however, can cause more stress and more financial strain on you and your family. While bankruptcy […]
Personal Bankruptcy for Small Business Owners
The economy has been hard on all of us; small and large businesses alike have felt the effects. Most often, the news focuses on corporate bankruptcies and large company debts, when small businesses are struggling as well. So what happens to a small business when the owner is facing personal bankruptcy? Do they have to […]
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 […]
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 […]