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Bankruptcy : Business & Finance
Avoiding Bankruptcy
There are several reasons to avoid filing for bankruptcy: It is highly detrimental to your credit. In fact, bankruptcy lowers your credit score by about 250-300 points. Additionally, such a blow will remain on your credit report for around 7-10 years, and will hinder your ability to qualify for a ne
Understanding the Chapter 7 Implications For the Non-Filing Spouse
When one spouse files for Chapter 7 bankruptcy, the non-filing spouse still has certain obligations when it comes to the original application. Before filing for Chapter 7, the filing spouse should understand that his or her filing is not reviewed in isolation; the non-filing spouse must also provide
Finding A Dependable And Professional Bankruptcy Lawyer
Finding a bankruptcy lawyer can be very difficult and time consuming.Read on to learn how to choose an expert lawyer dealing with bankruptcy related cases who help his or her clients get through the daunting legal tasks at ease.
About Online Bankruptcy Advice
Like other forms of Internet legal advice, consumers should use online bankruptcy information with great care. While online bankruptcy advice can be useful, relying on incorrect or outdated information can lead to dismissal of the client's case and compromise his or her legal rights. As such, consum
When Is Bankruptcy Lawyer Is Needed
You might work hard in many cases to keep bankruptcy from being a need but sometimes there are cases where you will have to consult a bankruptcy lawyer for help. It is a difficult decision ...
Do I Have to Report My Husband's Income When Filing Bankruptcy for Myself?
An individual bankruptcy is a bankruptcy that an individual files alone. A joint bankruptcy is a bankruptcy that a legally married couple files together. If you are married but want to file an individual bankruptcy, you may do so, but your spouse's income is included when calculating your means test
Do Ex Spouses Have to Be Notified of My Bankruptcy?
The ex-spouse of a person filing for bankruptcy is informed of the legal proceedings when she has a financial interest in the case. The bankruptcy court sends a notice of bankruptcy filing to the ex-spouse when domestic support obligations exist or if other types of debts are owed to the ex-spouse.
What Happens To My Car Lease After Filing Bankruptcy?
There are several things that could happen to an auto lease after filing bankruptcy. It depends on the actions you take prior to filing as to what your options are.
Follow These Tips To Help Get A Car Loan After Your Bankruptcy
Getting a car loan after bankruptcy is not as easy it is for someone that has a stellar credit score, but it is not impossible. This news may be comforting to those who have recently had to endure the experience of a bankruptcy.
Life Insurance Is Important Part Of Financial Planning Process
Life insurance is probably the most overlooked or lacking aspect of peoples estate planning. Many clients claim that financial security for their spouse and/or children is a priority, yet when the subject of life insurance comes up, they often look with a blank stare.
What Is the Part X Bankruptcy Act?
The Bankruptcy Act of 1966 is an Australian Commonwealth Act. Commonwealth acts are those passed by the Australian federal government and apply to all Australian states and territories. The act consists of a number of parts, and Part X contains laws and provisions concerned with personal insolvency
Avoiding Bankruptcy Fraud
Bankruptcy laws are very specific about how the process is to be managed and what is required of each filer, which is why accuracy and honest is of utmost importance. Anyone considering filing for bankruptcy should take extra precaution to avoid certain mistakes that could result in a dismissal of t
Bankruptcy Law Puerto Rico - Bankruptcy Lawyer Arizona - Bankruptcy Mortgage 062
To start the process, first you need to find a mortgage lender that has expertise in dealing with bad credit mortgages.In a secured loan, you offer some asset as a security to the lender.Further, these borrowers also stand a chance of getting a hundred percent finance
Assets & Bankruptcy
People with serious financial troubles can request assistance through local branches of the United States Bankruptcy Court. Most people in trouble ask for full relief of pre-existing, approved debts such as bank loans, credit card accounts and medical bills under Chapter 7 or a partial debt repaymen
High Incomes and Bankruptcy Filings
This article discusses the rising frequency of higher-income families filing for bankruptcy protection. Chapter 11 bankruptcy applications have risen dramatically and persons who are unfamiliar with the process are advised to consult an experienced attorney with any questions.
Getting a Loan After Bankruptcy
Getting a loan after bankruptcy is, of course, difficult, but as long as you accept that up front you can move forward deciding how to work through that situation, and even try to make doing ...
Tax Rules for Cancellation of Debt
You may be responsible for taxes on your cancelled debt.debt defined image by Christopher Walker from Fotolia.comThe IRS has rules for any and every type of income a person might earn. One type of income that has become increasingly common in these days of economic downturn is the...
Chapter 7 Bankruptcy Might Mean Being Debt Free
Clearly people file a Chapter 7 bankruptcy with the goal to wipe out their debts. Not so obviously though, not all debts can be discharged. Bankruptcy places debts into three categories. They are; secured debts, unsecured, priority debts, and unsecured, non-priority debts. So only the unsecured, non
Opening a Credit Card After Bankruptcy
Just because someone has been extremely careless with their credit card use in the past does not mean that they will not be able to obtain credit cards in the future. In fact, by being responsible with their credit card use post-bankruptcy, they may be able to begin to increase their credit score an
What Assets Can I Keep in Bankruptcy 7?
The assets you can keep in a Chapter 7 bankruptcy depend on what your state allows. Federal bankruptcy law allows you to keep some property in a Chapter 7, but the individual states determine how much. To keep any property, you must claim the correct exemption in your state when you file your bankru