Bankruptcy : Business & Finance
If you've been thinking about filing for bankruptcy you should consult a Phoenix credit and debt counseling [http://www.daultlaw.com] service first. Filing for Chapter 7 protection might sound like the answer to all your prayers but ...
There is a lot of misconception out there about what the new bankruptcy laws mean, and many people who are in trouble with their finances think that they can no longer declare bankruptcy.It's important to understand the new provisions, and one of the most important changes in the bankruptcy cod
When you declare bankruptcy, you are essentially telling creditors, through the court system, that you are unable to pay your debts as scheduled, because the assets simply aren't there. The law considers certain categories of assets to be exempt from consideration in bankruptcy, however. Among these
Sometimes what we make just does not meet the needs of the family. Charities across the states are set up to help families and individuals who need help from time to time to pay bills and help with unexpected expenses. Unexpected expenses include paying for braces or dental work for a child, doctor
If you have an unpaid debt with a creditor, that creditor may garnish your bank account. If a creditor files a lawsuit against you and wins the case, then the creditor can freeze your bank account and seize the funds to cover the past due balance you owe. So, it is best to avoid a bank garnishment,
A process usually exists for a repossessed vehicle's sale. It is first taken back from the borrower and then stored until the bank's auction or resale (if it sells vehicles privately). It then takes time to sell a vehicle once it is for sale; not all sell immediately. If you're wondering if you have
Americans overwhelmed by too much consumer debt can take advantage of several types of debt relief options. The first step to getting out of debt is admitting the problem and seeking some type of financial counseling for it. Drastic cases of debt may require formal legal intervention through the nat
Will you be able to keep your credit cards after you file for bankruptcy? The answer is not that straightforward, according to Steve Westerfield, a Hot Springs AR lawyer with 32 years of experience in legal practice as a sole practitioner. He explains how – and why – here.
A summary judgment for credit card debt is a judge's decision in a civil lawsuit based on evidence. Judgments in Massachusetts are valid for 20 years, meaning that the creditor may pursue collection by means of real property liens, bank account levies and property seizures. As of the time of publica
Depending on your level of debt, you may be considering debt consolidation or a debt management plan to get yourself out of the red. However, it's important to understand the risks associated with each option so that you can make the best decision for your financial situation. Choose the method that
Bankruptcy can provide a lifeline for individuals and families who have exhausted other methods of dealing with their debt and simply don't have anywhere else to turn.Of course, filing personal bankruptcy should never be taken lightly, and there are some things that you need to keep in mind if
Neglecting to pay a creditor can have severe consequences. In addition to credit damage, an individual may have his wages garnished as the result of an unpaid debt. Although Title III of the Consumer Credit Protection Act (CCPA) places strict limits on the amount of money a creditor may garnish from
Bankruptcy is the process of eliminating or restructuring your debts. For consumers given the opportunity to ditch their debt, bankruptcy can be a fresh financial start. The extent to which you are required to pay after bankruptcy is based on the type of bankruptcy you choose to file.
No one really ever sets out with the goal of having to file for bankruptcy, yet people have to do it every day. To help you avoid falling into the same situation I would like ...
When you are faced with massive debts, you have to find a way to get out of this stressful situation. If you are against bankruptcy you may be saving yourself a lot of misery in ...
Being deeply in debt is not fun. Credit card bills, medical debts, mortgages, the list goes on but if you are deeply in debt you certainly aren't alone. Before filing bankruptcy it would behoove you know your debt relief alternatives. Bankruptcy should always be the last option.
A tax garnishment, also known as a tax levy, is a tool used by the IRS (Internal Revenue Service) or any other government agency, to satisfy a tax debt. A tax levy is often used in conjunction with a tax lien, though they are different. A tax lien is the process of securing the interest of the gover
Filing for personal bankruptcy is not a decision to be made lightly. Anyone considering this drastic financial move should become completely familiar with all the advantages, disadvantages and long-term consequences. While personal bankruptcy can help you eliminate certain types of debt, secured deb