When is it time to file Bankruptcy?
Filing for bankruptcy can be an intimidating procedure. For many people, it may be the first time they’ll need to contact an attorney. For others, there’s a heavy fear of the unknown and the extended feeling of indecision can take its toll on a family. Many people are convinced they can dig themselves out of […]
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 […]
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 […]
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? […]
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 […]
A Brief History on Bankruptcy
In Ancient Greece Bankruptcy did not exist. If a debtor could not repay the money he owed, then he, his family and his own servants were forced into “debt slavery” until the creditor recovered the losses through their physical labor. While “debt slavery” is far from the bankruptcy we know, the Greeks did begin to […]
The Dangers of Debt Consolidation
Debt consolidators can seem like the answer to all of your financial problems; they roll your loans into one payment, your terms are negotiated and your monthly payment is made more manageable than before. Unfortunately, the down side of debt consolidation is that it can be a poor choice for many individuals and can even […]
Celebrities Who’ve Filed for Bankruptcy
Celebrities seem to have it all; fame, fortune and extravagant lifestyles. Some celebrities, however, find themselves in financial troubles that they didn’t even see coming. With wealth comes responsibility, some celebrities spend more than they make while others have tragically entrusted their finances to an unreliable or untrustworthy individual. Either way, celebrities are no different […]
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 […]
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 […]