Can I change from one chapter of bankruptcy to another (07/20/2010)
(...) Just so you know there are really times that unexpected things come about. If truth be told, it is always okay to change from one chapter of bankruptcy to another. As a matter of fact, it called "motion to convert" and can be done after you've filed for either chapter. (...)

Which bankruptcy chapter is the least expensive (07/20/2010)
(...) All creditors will have a priority rating and they will be paid in the order outlined under federal bankruptcy law. Chapter 7 Bankruptcy will take approximately four to six months to complete. Chapter 7 Bankruptcy is considered a liquidation of your assets. (...)

What are the advantages of bankruptcy (07/20/2010)
(...) For them, bankruptcy is a solution. It is their only remaining option so as to escape from the harsh ordeal. Actually, there are a number of advantages that come with bankruptcy protection, regardless of whether a consumer files for Chapter 7, where debts are discharged without repayment, or Chapter 13, offering consumers the chance to repay certain debts in a more manageable fashion. (...)

Under the New Bankruptcy Code is it Still Possible to File Your Self (06/21/2010)
(...) These legal websites, usually backed by attorneys, realize that over 1 million people would have to file bankruptcy over the next few years. So they reached out to technology companies and asked them to help create bankruptcy software that would allow people to file from the comfort of their home. Along with the ease of using this new software to file on your own, there is a huge savings of money. (...)

Is Credit Card Bankruptcy the Only Solution (05/15/2010)
(...) Credit counseling is all about living within your means. All that you require to do is to spend just a little bit less than your present income. Before you hand over your credit card for swiping make sure that you will be having enough funds to pay by the time you have to pay the bill. (...)

History of Bankruptcy (05/11/2010)
(...) The first bankruptcy law was enacted in England in 1542 during the reign of Henry VIII, and was heavily biased against the debtor where he could be jailed and all his assets seized. With time, the law was relaxed to allow debtors out of prison , many of whom promptly fled to the debtors colonies in Georgia and Texas. Even as imprisonment became rarer in the 1800s, collusive bankruptcy (agreed upon by creditor and debtor) became legal in 1825. (...)

What Is Bankruptcy (04/22/2010)
(...) You get to keep any property that is classified as exempt under the state or federal laws available to you (such as your clothes, car, and household furnishings). Many debtors who file for Chapter 7 bankruptcy are pleased to learn that all of their property is exempt. If you owe money on a secured debt (for example, a car loan for which the car is pledged as a guarantee of payment), you have a choice of allowing the creditor to repossess the property; continuing your payments on the property under the contract (if the lender agrees); or paying the creditor a lump sum amount equal to the current replacement value of the property. (...)

Has Your Bankruptcy Client Used Their Credit Cards Within the Past 90 Days (03/28/2010)
(...) Your friend is considering filing bankruptcy after charging $1,000 at your store; which your friend listed on Schedule F of her bankruptcy petition. However, one week before your friend files bankruptcy, she comes into your store and purchases $4,000 worth of products. Your friend knows at the time of her purchase that she will not be able to pay this money back. (...)

Choosing from a Variety of Bankruptcy Alternatives (03/10/2010)
(...) It is designed to teach people the error of their ways and then formulate steps to get out of debt permanently. Bankruptcy counseling is intended to assist consumers through the decision-making process looking at the advantages and disadvantages. The Smart Solution Filing for bankruptcy protection should always be a last resort. (...)

Why Debt Settlement Has Made Declaring Bankruptcy Less Attractive (03/08/2010)
(...) In counseling the professionals will advise you on how to manage your debt. They will give you valuable tips on using your credit cards and how to cut down on your expenditure. If you have minor debts you are the right candidate for counseling. (...)

Top 5 Questions to Ask About Bankruptcy (03/08/2010)
(...) Before you take a call, you need to get your facts right. Here are a few basic questions about bankruptcy that you need to ask yourself before making any kind of decision on debt relief.1. (...)

Debt Settlement and Bankruptcy :: The Real Choice For Serious Debt Relief (03/04/2010)
(...) About two years compared to seven years? See why debt reduction is better?There is still a chance that you can obtain financing in the near future. The fact that you get a low credit score with bankruptcy is a big issue. Not only will it impact your ability to securing financing for a medical emergency or a new car, it can also impact your work and your home. (...)

Why Debt Settlement is More Advantageous Than Bankruptcy Debt Settlement (12/19/2009)
(...) ii) Your accounts are not seized and there is a transparent process that ensures to overcome all your outstanding commitments.iii) You have a better chance of regaining control over your distorted economy since there are financial advisors supporting you.iv) You stand a good chance to get a good waiver on your principal amount. (...)

Chapter 7 Bankruptcy (12/09/2009)
(...) Chapter 13, however, is another story, since the debtor must pay back a significant portion of the debt over a 3-5 year period, with 5 years being the standard under the new law. Prior to the advent of the "Bankruptcy Abuse Prevention and Consumer Protection Act of 2005," the most common reason for someone to file under Chapter 13 was to avoid the loss of equity in their home or other property. And while equity protection will continue to be a big reason for people to choose Chapter 13 over Chapter 7, the new rules will force many people to file under Chapter 13 even if they have NO equity. (...)

Why A Debt Settlement Is Much Better Than Bankruptcy (12/04/2009)
(...) While this may negatively impact you credit most settlements only affect a credit history for around 1 to 2 years. This is clearly a better alternative than bankruptcy which stays on your credit history for 7 years on average. If you have over $10,000 in unsecured debt it would be wise to seek professional help. (...)

Does Your Bankruptcy Law Firm Need Both Attorneys And Accountants (11/23/2009)
(...) Arguably the most difficult and the most critical part of the Chapter 7 process is the new "means test." The means test compares the debtor's income in the six months before the filing of the bankruptcy to their state's median income. If the debtor's income falls below the state median, they are automatically allowed to file for bankruptcy under Chapter 7. (...)

Cost of Filing Bankruptcy (08/28/2009)
(...) Most people find they can still purchase an automobile after filing for bankruptcy and can then begin rebuilding their credit from there. If you think about it, your credit is already in terrible shape if you're even thinking about filing bankruptcy with all the past-due credit cards, house payments, utility bills etc. So basically, it's almost better to file and wipe your debts completely clean The old saying of time and good behavior comes into the picture when trying to repair your credit after bankruptcy. (...)

BANKRUPTCY: HOW TO SUCCEED (09/18/2008)
(...) In such times, only locally born adult males could be classified as citizens. Accordingly, it was only the fathers who were entitled to legal ownership of property. Thus, every member of his family would be forced into what was called debt slavery if a father was unable to settle his outstanding debts. (...)

Bankruptcy Law is Meant to Help You Not Hurt You (11/18/2007)
(...) Yet the future profits made in non-drought seasons will resolve their debt. Chapter 13 bankruptcy, often referred to as the “wage earner’s law” works just like a periodic payment plan for debts owed to the creditor. These debts are paid off through the earner’s wages. (...)

Bankruptcy Attorneys Can Help You Make Good Decisions (10/31/2007)
(...) Yes, that feels good, but the road ahead is going to be a rocky one in an entirely different way. You may lose some of your assets, but in turn you will eventually have the chance to start over and do things entirely differently than you had done the first time. So if you are more concerned about cost or about the quality of service you will receive, there are bankruptcy attorneys who practice in the way that will please you the most. (...)