Category:
Bankruptcy
With Donald Trump being credited or blamed for virtually every imaginable good or ill (depending on the observer, of course), we in the world of personal finance and debt management…
What is Bankruptcy? Bankruptcy is a court proceeding in which a judge and court trustee examine the assets and liabilities of individuals and businesses who can’t pay their bills and…
Bankruptcy could be an option if your financial picture is bleak, but you have to qualify. If you don’t meet certain criteria, you may have to consider alternative debt-relief solutions.…
How would you like to be deemed “judgment proof”? If nothing else, it sounds like a really good designation in life. Judgment proof is a legal term that could apply…
Personal bankruptcy is without a doubt a serious setback, but it can serve as a financial tool. It’s an opportunity to streamline your finances and rebuild credit, and more than…
When debt becomes completely unmanageable and nothing in the near term offers hope for a solution, people often mull over filing bankruptcy, the nuclear option for personal finance. Chapter 7,…
Many people think of bankruptcy as financial Armageddon, the final act in a downward spiral that ends with a judicial order that discharges debt. As bad as bankruptcy is, it…
What Does a Bankruptcy Attorney Do? The word bankruptcy is so fraught with negative images that consumers tend to forget the real purpose behind filing: A) It provides protection from…
Most people know more about the Chinese alphabet than the U.S. bankruptcy system. The most common filings are Chapter 7 or Chapter 13, though other options can add to the…
Filing for bankruptcy can be a scary thought, in part because the fallout from filing is significant. However, if bankruptcy is necessary and is managed properly, it can offer short-term pain…