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Bankruptcy : Business & Finance

What Is a Bankruptcy Trustee?

If you are having trouble meeting your massive monthly bill payments and you have just begun searching the Internet for information about bankruptcy in Canada, you have undoubtedly read that a licensed bankruptcy trustee handles the bankruptcy process. Just what is a bankruptcy trustee and what can ...More...

Bankruptcy As An Option To Sort Out Your Finances

Bankruptcy is a legal declaration of inability to pay the creditors of an individual or organization. The term originated from the ancient Latin word bancus which means bench or table and ruptus which means broken. There are two ways to declare it either by the debtor called voluntary bankruptcy or ...More...

How to File For Bankruptcy

Bankruptcy can be many people's last desperate attempt to save themselves financially, but many wrestle with the idea especially if they consider themselves responsible people. Don't feel bad though as this law was put into place for you protection and often times bankruptcy is the most re...More...

Chapter 7 Bankruptcy And The 90 Day Rule

Many people who file for bankruptcy may or may not be aware of the 90 day rule in bankruptcy. If a person is not sure what this is they should seek the advice of a bankruptcy attorney for clarification. Do not rely on friends, family, or the internet....More...

Advice From A Bankruptcy Attorney Can Be Invaluable

After watching the news you would think that the economy has already bounced back and everything is rosy. In actuality, unemployment is still hovering around 10% with many states like California in the 13% range. When speaking to friends and neighbors it becomes apparent that not too many people hav...More...

Dealing With Foreclosure Through Bankruptcy

If you're facing foreclosure, you might feel hopeless or at a loss about what to do. However, foreclosure doesn't have to be disheartening. You actually have several options available to you if foreclosure has become ... ...More...

All About Bankruptcy

Before you decide to file a bankruptcy case, you must need to have proper knowledge about what it is and what it may do to you in your future. This article gives you a summary of bankruptcy, its aftermath, advantages and disadvantages....More...

What Happens When Chapter 13 Is Dismissed?

Chapter 13 bankruptcy allows you to develop a plan to repay all or part of your debt. If you have proceeded with Chapter 13 but want to pursue other options or to protect assets, you can file a motion to have the bankruptcy dismissed. A court also can dismiss protection if it finds that the filer is...More...

Corporate Lawyers In The Financial Downturn

Financial downturn did not just hit the common people but the corporate litigation sector as well. Across the country, increased pressure was felt by the law firms as the customers demanded them to reduce the prices for their services. Due to the demands of the customers, the firms outsourced their ...More...

Can You Keep Your Car If You File Bankruptcy & Make Your Payments?

Although bankruptcy can get rid of most or all of your debts, you may have to sacrifice something in return. Depending on whether you file Chapter 7 or Chapter 13 bankruptcy, this sacrifice may come in the form of an asset sale or regular payments to creditors. If you can afford to keep making payme...More...

Bankruptcy Can Eliminate Medical Debt

In nearly all cases, filing bankruptcy will eliminate medical debt. When deciding if bankruptcy is the best way to deal with your medical bills, timing is the most crucial element. Since medical issues are unique to each person, the best advice is to consult a qualified bankruptcy attorney in your a...More...

Can More Than One Company Garnish Your Wages at Once?

In general, creditors look to wage garnishment as a debt collection method as a last resort. Even so, creditors can and do get writs of garnishment against those who have no other available assets by which to pay their debts. Sometimes, consumers fall behind on multiple debts, in which case it is po...More...

How Will Filing Bankruptcy Affect My Business?

If you own a small business or run a "mom & pop" store, there are some issues that will be unique to you if you or your business files for bankruptcy. In terms of your debts, and by that I mean any and all debts, it is very important to know exactly who is legally obligated to pay them bef...More...

What To Do When You're Facing Bankruptcy

If you are having a hard time paying your bills on time because you have so much debt to contend with, you may want to consider your options in regards to filing a bankruptcy. Depending ... ...More...

How Can I Consolidate My Debts Without Paying Fees?

Debt consolidation means going from having many creditors to having one. This way, you have just one payment to make each month instead of several. Many people find this makes keeping track of their bills easier. Depending on how you consolidate your debt, you may be able to reduce the total amount ...More...