Latest on the Bankruptcy Blog

For the purpose of bankruptcy, the debt classifications you have will help determine the type of bankruptcy you file. Most consumer debt is either secured or unsecured. Secured debt uses collateral such as your home for a mortgage or your vehicle with a car loan. Most unsecured debt is from credit cards, medical debt, and  … Read more

Debt settlement and debt negotiation firms have become more popular with the increase in consumer debt. As with most instances that have to do with money, you have to be careful not to be taken advantage of. There are good debt settlement firms, and there are nightmares, ready to exploit your vulnerable situation. Other options  … Read more

When you are struggling to pay your bills and are considering bankruptcy, part of the law requires you to take a debtor education course 180 days before submitting your paperwork with the court. You can find a list of approved counselors on the United States Department of Justice website. Be wary of debt counseling and  … Read more

If you are considering bankruptcy to get financial relief, the best course of action will be to hire a bankruptcy attorney. A bankruptcy lawyer will know the laws in your state and help you get the most benefit from your case. Ask a potential bankruptcy lawyer questions that can help you ensure you will be  … Read more

When you have decided to file bankruptcy to get some financial relief from your debt, you may be surprised to know that when you file your paperwork could make a huge difference in the outcome. File Now If you are in immediate danger of losing your home, your car, or having your utilities shut off,  … Read more

When people have large debts that they can’t repay, when they are behind in their mortgage payments and danger of foreclosure, declaring bankruptcy might be the answer. Bankruptcy can, in some cases, reduce or even eliminate your debts, save your home and keep bill collectors away, Federal courts handle bankruptcy, there are six types of  … Read more

In situations where you cannot pay off debts, are behind on your mortgage payments, or are in danger of a foreclosure, you are probably getting several phone calls by mortgage collectors. If you have tried your best and still think that you won’t be able to repay everything, filing for bankruptcy may be the only viable  … Read more

Personal bankruptcy is a legal action that can eliminate an individual’s legal obligations to pay certain types of debts, such as credit cards and medical bills. Bankruptcy can also stop, at least temporarily, a foreclosure, repossession of a property, or shutdown of utility services. By filing for bankruptcy, an individual can eliminate debt, protect future  … Read more

To file bankruptcy in the United States, you must first complete a debtor education course as part of the U.S. Bankruptcy Code requirements. The debtor education course teaches you how to be financially successful after your bankruptcy case is over. The course is intended to inform you of personal management skills to keep you out  … Read more

Bankruptcy cases are filed in federal courts. People often confuse the process and try to submit their bankruptcy documents in the state or county courts. Federal courts are fewer than state courts and are located in districts. Districts are defined by geography and population. The court you choose will be where for the last 180  … Read more