The bankruptcy process is full of benefits when the time is right. While it isn’t for everyone there are many advantages that it can provide the right person. A quick glance at the pros and cons of filing for bankruptcy can help identify why the process isn’t always the solution for every situation. Pros The  … Read more

Recent trends in bankruptcy filings reveal that not only are less people are filing for bankruptcy in these days than in the past few year, but fewer people are filing with the help of a bankruptcy lawyer. As more people attempt to navigate the bankruptcy process without representation it brings to light a few concerns  … Read more

Many people enter bankruptcy not knowing what to expect. The process can be stressful enough for some people and failure to prepare can only make matters worse. Part of the process for preparing oneself for bankruptcy is understanding the process and holding realistic expectations. May Not Qualify Since important changes were made in 2005, bankruptcy   … Read more

Filing for bankruptcy is riddled with guidelines and rules that are important to the outcome of a successful case. Besides being denied for a debt discharge, some people may find their case dismissed or even charged with fraud if they violate certain rules. Anytime filing for bankruptcy is being considered it is important to review  … Read more

Many people have questions about the bankruptcy process, ones that can be vital to the success or failure  of their case. It is important for anyone considering bankruptcy to understand some of the basics about the process. What Debts Can Be Discharged? Most unsecured debts, such as credit cards and medical bills, can be easily  … Read more

Bankruptcy is not a process that should be rushed. The decision to file for bankruptcy is a tough one, one that requires much attention to detail and consideration. Before you file for bankruptcy make sure you  have completed these steps to ensure you are on the right track for managing your debts. Talk To An  … Read more

Overwhelming debts and the decision to file for bankruptcy can take a lot out of a family.  As a married couple, filing together or separate can provide different risks and benefits. Things can get more complicated if a couple is filing for bankruptcy in divorce. Important Aspects To Know First, there is no law that  … Read more

Despite the news being packed full of stories about big businesses or cities filing for bankruptcy, there is plenty going on with personal bankruptcy filings as well. Bankruptcy statistics show that there was a steady increase in filings until bankruptcy laws were changed in 2005. After that, filing numbers dropped significantly for both Chapter 7  … Read more

A recent review of bankruptcy statistics revealed some interesting patterns in filing trends.  Not only have trends followed changes in economic conditions, but legislation has played a key role as well. Since the change in bankruptcy  laws in 2005, some significant changes have been observed in filing patterns. Bankruptcy Law Changes In 2005 some major  … Read more

The bankruptcy process is full of very specific requirements and detailed procedures that must be followed. This makes it easy for those who know little about the process to get into trouble unknowingly. There are three common actions that can result in suspicions of bankruptcy fraud, which could end in a case dismissal. Don’t Be  … Read more