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Bankruptcy : Business & Finance

What You Need to Know Now About the Bankruptcy Means Test

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

Can Borrowing Money From a 401(k) Hurt Your Bankruptcy From Being Discharged?

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

How to Stop Bank Garnishment

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,

How Long it Takes Before a Repossessed Car Is Sold

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

List of Debt Relief

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

How To Deal With Your Credit Cards After Bankruptcy

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.

How to Appeal a Summary Judgment for Credit Card Debt in Massachusetts

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

Before You Declare Personal Bankruptcy, Read This Now

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

Dismissal Orders & Garnishment

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

What Do I Still Have to Pay if I File for Bankruptcy?

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.

Debt Relief Services

Regardless of how well you manage your financial affairs, you may have to turn to a credit repair company like Debt Relief Services if you get into trouble with your debts. Debt Relief Services is one of the few companies that does not receive fees from credit card companies and others because it be

Legal Debt Relief Alternatives To Filing Bankruptcy

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.

Chapter 7 Bankruptcy Exemptions

Do I have "too much" in terms of assets to file for Chapter 7 bankruptcy?Here are some exemptions that explain which assets you can keep, and how much is too much.

How to Stop Tax Garnishment

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

Questions Regarding Filing for Personal Bankruptcy

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

Learning More About Bankruptcy And Debt Problems

Here is some information to help you learn about bankruptcy and debt problems. This is just some basic information. To find out if this is an appropriate matter for you to pursue, you should consult with an attorney. You may also want to consider using with a debt counseling service.

Personal Bankruptcy Advice

The America of today means easy creditand tough repayments. When you cant pay your debts, filing for bankruptcy is one option.