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Bankruptcy : Business & Finance
Can My Lawsuit Monetary Reward Be Garnished?
When you owe large amounts of money to one or more creditors, you stand the chance of being sued for the collection of the money that you owe. In many cases, if the judge finds for the plaintiff creditors in the case, then you can have an order of garnishment levied against you. In some cases, you c
How Much Will It Cost to File Bankruptcy California?
California has three bankruptcy courts where you can file your petition. The costs of filing for bankruptcy in California are the same for all three courts, only varying their locations and the methods through which you can file. (One court might allow online filing, while another court might not do
Doing Things The Right Way When Declaring Bankruptcy
If you are facing repossession from the Internal Revenue Service, you may feel like you should panic. Don't worry because you will not be homeless or penniless, just because you file for personal bankruptcy. Read ...
How Many Times Can I File a Chapter 13 Bankruptcy?
Chapter 13 bankruptcy is a tool for those deeply in debt to get relief from their creditors. The process allows a person to set up a debt repayment plan over a set period of time, usually three to five years. You can file Chapter 13 as many times as you like, but federal law specifies a set period o
Bankruptcy - What is Exempt Property?
When individuals file bankruptcy under Chapter 7 they are allowed to keep all of their "exempt property." Exempt property is real or personal property that the law specifically allows individuals to keep when they file bankruptcy. Exempt property laws differ from state to state.
How to Get Debt Free Without Filing Bankruptcy
Filing for bankruptcy is a stressful process that may not leave you debt free. Your creditors have the right to contest being included in a bankruptcy filing. In addition, a bankruptcy can remain on your credit report for up to 10 years. As a derogatory entry, a bankruptcy will severely damage you
How to Charge Debt Recovery Fees On Invoices
Many creditors will forward their bad debt or charged-off accounts to collection agencies. A charged-off account is one on which a customer has not paid any money in 180 days. The creditor will report the account as a loss to the Internal Revenue Service (IRS) for tax purposes. When the collection a
How Can I Escape Bankruptcy?
Kim and her husband were teetering on the edge of financial ruin just months ago after a decline in the car-buying market cut his salary nearly in half. A trucker who hauls cars for a living, Kim says they began to worry about how they would make ends meet. Their life was about to turn around, they
What Happens If You Fail To List All Creditors On Your Bankruptcy Filing?
When you file for bankruptcy, you are required to list all of the creditors to whom you owe money to. But what happens if you fail to do so?
Getting Rid of Debt - Notes on Debt Help and Bankruptcy
Often, individuals who can avail of some proper means to support themselves can maintain their lifestyle with relatively few problems. However, there are instances when one finds it necessary to avail of financial assistance. In the event of a sudden accident or illness befalling a relative, or the
Credit Counseling Services Offer First Steps To A Debt Free Life
For millions of people around the world, debt has become a big issue. Most people carry some form of debt, but many people have far more debt than they can reasonably handle.
How Much of Your Wages Are Exempt From Garnishment in Ohio?
Garnishment is a legal, court-ordered process where a creditor gets portions of a debtor's wages before the debtor receives a paycheck. The court issues a writ of garnishment, which orders the debtor's employer to divert a certain percentage of a debtor's paycheck to the debtor's creditor to help sa
Lessen Your Financial Problems With The Assistance Of A Bankruptcy Attorney Warren Mi
For several years now, unemployment in Michigan is still considerably high, which is why many people have filed for bankruptcy. Losing a job is bad enough, but their misfortunes usually do not end there. Home ...
DIY Debt Consolidation
Whether your goal is to decrease your interest rate on your debt, lower your monthly payment or simplify your bills into one payment each month, debt consolidation can help. Although many credit counseling organizations offer debt consolidation services, they often charge a fee, and you can consolid
Why Credit Card Companies Are Accepting Generous Debt Settlement Deals
If you want to understand why credit card companies are offering generous debt settlement deals, you should understand the impact of the economic recession and the consequent crisis upon the card companies. A large number of bankruptcies took place. This meant that the instances of bad debts suffere
Chrysler Bankruptcy - Saved by Fiat?
The article summarizes the terms of the bankruptcy deal negotiated between the U.S. government and Chrysler. It outlines the unconventional arrangement and the apparent violation of secured lender rights based on bankruptcy law.
Are Medical Bills One Reason for Filing Bankruptcy?
Mounting medical bills are the cause for an alarmingly high percentage of bankruptcies in America. Read on to learn more about how a simple injury or illness can snowball into a bankruptcy filing.
Is Debt Consolidation Good?
Debt consolidation businesses are booming as many people struggle under the weight of big debt. Choosing to consolidate your debt can seem like an easy solution if you can save monthly expenses. But is debt consolidation a good thing? For some, yes. For many, it may not be the answer you need to sav
The Truth About Bankruptcy - Keeping Your Cool
No one goes into a bankruptcy lightly. Most people, in fact, will fail to see the "relief" bankruptcy can offer until after it is finished. The truth about bankruptcy, though, is that it does represent a way out for people who find themselves in a particular set of circumstances.