Is Bankruptcy a Good Idea for You? There are many factors that should be taken into account when considering filing for bankruptcy. 1. Figure out what bankruptcy options you have. There are types of bankruptcy most commonly used by individual filers in the United States: Chapter 7 bankruptcy is a bankruptcy proceeding that can wipe out … Continue reading Is Bankruptcy a Good Idea for You?
In our society today, revisions to the bankruptcy laws and changes in consumer attitude toward bankruptcy have fostered a climate in which individuals and businesses many times regard bankruptcy as a more plausible remedy for financial problems than disciplined financial management. A revised Bankruptcy Code, enacted in 1978, took effect on October 1, 1979. The … Continue reading Types of Bankruptcy
Filing bankruptcy is not at all an easy task. There is so much more to be considered that, it becomes hard for you to file one, without having the details on the same. Furthermore, you will have to consider the process which you may have to follow, in order to file bankruptcy. Now, if you … Continue reading Stuff you need to consider before filing Chapter 7 bankruptcy
Are you aware of its benefits and drawbacks? Automatic stay is considered to be one of the essential benefits of filing bankruptcy. This automatic stay is granted by the bankruptcy court and it protects the filers from further creditor harassment. The filers who are constantly harassed by the creditors to retrieve the owed amount can … Continue reading The Power Of Automatic Stay In Bankruptcy