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26 October 2012
0

Using Bankruptcy to Stop Home Foreclosure

After the recent mortgage crisis, several avenues became available for individuals who are facing home foreclosure. However, many of the new programs, such as the home affordable modification program (HAMP), do not meet the needs of everyone, and some of them take too long to prevent foreclosure. When a homeowner requires a little time to […]


24 October 2012
Category:
Bankruptcy
0

Will Personal Bankruptcy End All My Worries?

The downturn in the economy that began several years ago has left many individuals with mounting debt that is threatening everything they had worked their entire lives to earn. If you can count yourself among those who have been overwhelmed by debt due to unforeseen circumstances, then you have probably given a lot of thought […]


19 October 2012
Category:
Bankruptcy
0

Municipal Bankruptcy

The recession hit many people in the United States hard, and few were left totally unscathed. Even though individuals may have emerged from the recession without having to file bankruptcy, several cities and municipalities did not fare so well. The upswing in cities declaring bankruptcy has left many individuals confused about what this means for […]


21 September 2012
Category:
Bankruptcy
0

Chapter 7 Bankruptcy Benefits

Now that you’ve thought long and hard about your financial situation and met with your bankruptcy attorney for an initial consultation, it’s time to go ahead with the bankruptcy filing. The main question at this point is which of the two personal bankruptcy chapters is best for your personal situation. Which Type of Bankruptcy Is […]


30 August 2012
0

Chapter 7 Bankruptcy, the Means Test and What It Means

Personal Bankruptcy Statistics According to national statistics, 7 out of every 10 people filing for personal bankruptcy choose Chapter 7 liquidation over Chapter 13 reorganization. In a one-year period ending March 31, 2012, there were 958,757 Chapter 7 filings, compared to 396,175 Chapter 13 filings. The reasons are fairly clear: A Chapter 7 discharge is […]

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