Latest on the Bankruptcy Blog

Often in a couple’s relationship one of the parties will take control of the finances. This means that this individual will see that the bills are paid and has a good handle of what the financial status of the family is. When the individual finds that they are running into great financial difficulty this often  … Read more

Individuals that are in a bad financial situation have many different struggles ahead of them. One of their biggest struggles is trying to find enough money to meet their financial obligations. Another struggle is dealing with all of the creditors that are no doubt hounding them for their payments. Then they are also dealing with  … Read more

There are many individuals that have graduated from school many years ago and are still burdened with substantial student loans. In some cases they are able to meet their financial obligations by paying these and in other cases they are not. What some are finding now is that some employers will offer student loan repayment  … Read more

Most individuals that are in financial difficulty will often do their best to avoid the creditors. When the question comes up in a bankruptcy whether you should file a proof a claim for a creditor it might seem a little surprising to you. In the majority of cases it is the creditors that will file  … Read more

When individuals run into serious financial difficulties they often become stressed out and overwhelmed. They are constantly dealing with the calls from creditors that want their payment. Some individuals adopt the attitude that they can’t get the blood out of a stone and just leave their financial situation to deteriorate. Then often what happens is  … Read more

It may be that your small business has fallen into financial difficulty and you don’t see any way of rectifying this. It may be that you now need to consider small business bankruptcy. Whether this is going to be a solution or not for your particular business entity is going to depend on the circumstances.  … Read more

 Most people view bankruptcy as a last resort whether it is on a personal level or a business level. They do not look at it as being a beneficial way to assist their business. They view it as a way of perhaps satisfying their debts so that they are not held responsible and can close  … Read more

Declaring bankruptcy could mean that you are going to be involved with not only your state government but also the federal government according to the bankruptcy laws of the state in which you file. During your bankruptcy you are going to learn that you have certain debts that may be exempt. How this is determined  … Read more

It is not uncommon for individuals that have run into financial difficulties to take a second mortgage out on their house to help rectify their financial situation. Quite often this doesn’t work and only prolongs the step of entering into a bankruptcy action as a form of debt relief. In some cases homeowners might be  … Read more

There are many, many, students that are in great financial difficulty when it comes to the repayment of their student loans. They know that their being in default of these loans can lead to some serious repercussions, maybe even a SWAT Team at your door.   Some have asked if they can end up having  … Read more