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Bankruptcy & consumer credit : Law & Legal & Attorney

How to Dissolve a Medical Practice

Dissolving a medical practice is a complex undertaking. Most medical practitioners would want to go their separate ways amicably, but working out the finer details of the dissolution can be challenging. Ending a medical practice involves appropriate arrangements for patients and their records, the l...More...

What Happens to Pensions in Bankruptcy?

A big concern for many people contemplating filing for bankruptcy is the effect this will have on their retirement accounts and pension funds. In general, all federally qualified retirement accounts and pension funds are protected from creditors in both Chapter 7 and Chapter 13 bankruptcies. However...More...

How to File Exempt Earnings With a Chapter 7

In a Chapter 7 bankruptcy case, a debtor allows his property to be sold in exchange for having his debts discharged. The bankruptcy court will not, however, sell any property that the debtor's state deems necessary for the debtor to continue living life as she is accustomed to. The property remains ...More...

Questions You Need to Ask Before Hiring a Bankruptcy Attorney

It is very clear that it is the entire world that is experiencing the problem of bankruptcy and it's not just you; so don't feel like it's the end of the world because it certainly is not if you hire a bankruptcy attorney. When the dark cloud of bankruptcy is wandering above your head...More...

Advantages and Disadvantages of a C Corporation

A C corporation is a type of business entity or business structure and provides an alternative to sole proprietorship, limited liability companies (LLCs), partnerships and S corps. Many major corporations are c corps, although it is possible for any business to become a C corp if it files......More...

Can a Bank Garnish My Bank Account for Debt After I Filed Bankruptcy?

A creditor may sue a debtor and obtain a permission to garnish his bank account to collect the outstanding debt. This may not leave much money for a debtor to live on. If he is struggling to pay his obligations, he may consider filing bankruptcy. Filing for bankruptcy protection stops bank account g...More...

What Is Discharged Under Chapter 11 Bankruptcy?

When filing for Chapter 11 bankruptcy protection, certain debts may be eligible for discharge. This means that a business owner is no longer required to pay her outstanding debt nor can a creditor attempt to collect it....More...

Working With a Chapter 7 Bankruptcy Attorney

Due to our perilous economic times, a great many people have had to seek out bankruptcy protection. This is not necessarily something new. In prior generations, bankruptcy was not uncommon....More...

Business Bankruptcy Filing Strategies

Planning for commercial bankruptcy.cash image by Alexey Klementiev from Fotolia.comReaching a juncture in which your business faces the prospect of bankruptcy, you likely have many concerns. Chief on your list of concerns is determining what strategy to employ to maximize the benefits......More...

What Are the Effects of Bankruptcy on Future Employment Opportunities?

The Bankruptcy Code protects job seekers in the public and private sector.gavel image by Cora Reed from Fotolia.comAdverse effects on a current job and future employment opportunities are common worries among consumers ready to file for bankruptcy. Since plenty of employers now routinely......More...

Bankruptcy Recovery

Declaring bankruptcy is a very emotional event, having to consider what your future will hold based on your current financial situation. Individuals in this situation may have many questions to ask themselves, including wondering what will happen after bankruptcy and how you step on the road to reco...More...

Chapter 13 Procedures

Learn what happens to your money in a Chapter 13 bankruptcy proceeding.Pennies on the Dollar - one dollar bill with pennies. image by Andy Dean from Fotolia.comChapter 13 bankruptcy is a legal remedy available to debtors who have an income source from which to repay their debts, either in......More...

How to Form a Corporation, LLC, or Partnership in Arizona

When you create a limited liability corporation (LLC) you create an entity that is separate from the owner or owners. Therefore, when someone sues an LLC, the personal assets of the owners are protected. LLCs also have certain tax advantages and give owners credibility and privacy, Forming an LLC is...More...

Can I Stop Making Chapter 13 Payments Because of Hardship?

Even the best-laid plans are not always foolproof, and it’s not unheard of for debtors to enter into a Chapter 13 bankruptcy only to have disaster strike. Suddenly, they might find that they’re no longer able to make the required payments. If something occurs that prevents you from keepi...More...

How to Get a Judgment Against You Removed

There are many ways in which you can have a judgment passed against you including failure to pay child support, dental bills or credit card payments. These judgments against you on your credit report can be potentially detrimental because they will show up on your public record. Anyone who has judg...More...

Filing Bankruptcy With a Lawyer - Help You Deal With Complex System

If you are facing financial problems and you are seriously considering filing for bankruptcy, you should speak to a lawyer. Filing for bankruptcy is a complex and time consuming process that can leave you overwhelmed. Some bankruptcy lawyers deal just with businesses and some deal with only individu...More...

7 Steps Towards Filing Bankruptcy

Are you one of the hundred people going through acute financial conditions ? Bankruptcy may sound a frightening word, but can it actually be an option in your hard times.......More...

Chapter 7 Vs. Chapter 11 Personal Bankruptcy

Many people file for personal bankruptcy as a last alternative, when they become so burdened with debts that it becomes the last solution for getting out of their financial quandary. The U.S. Bankruptcy Code comprises the primary regulations for bankruptcy. The law allows states to make minor change...More...