from The American Bankruptcy Institute
There are debtors who feel filing bankruptcy may not be necessary when they are unemployed. But as time goes by, you have been unable to repay debt obligations or you have no assets for creditors to seize. When you gain employment again you may start thinking about your finances with intentions of getting back on […]
Each year roughly 1 million cases are filed in bankruptcy court. During 2012 it was estimated that hundreds of thousands of petitions filed included foreclosure, but this wasn’t the prime reason why many filed. A recent study took a look at why many cases were filed that year, with some surprising results. While many households […]
Being honest when you file bankruptcy can help you avoid making mistakes that lead to bumps in the road as the case proceeds. Bankruptcy is a privilege that deserves your cooperative attention while working with the court to ensure you get a favorable result. The following points are a few common mistakes made by debtors […]
Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for February 20, 2014 Oksana Grigorieva Declares Bankruptcy Brazilian Court Blocks OSX From Joint Bankruptcy Filing With Oleo E Gas How will Detroit function after the bankruptcy is over?
Bankruptcy fraud is a serious federal offense that can cost you more than just your personal possessions but time in prison. There are various ways debtors try to deceive the court from learning more about personal finances. Many consumers may not realize that by doing one act alone such as concealing an asset can have […]
Allison Mathis, the ex-girlfriend of Miami Heat star Chris Bosh files bankruptcy protection. She is the mother of a 5-year old child fathered by Bosh. She reportedly receives child support payments from Bosh for their child in the amount of $3,000 a month, but many may see this as mere pennies since the NBA star […]
A member of the Outlaws Motorcycle Club was recently sentenced to several years in prison for their involvement in an illegal organized scheme in Indiana. Jamie Bolinger, also known as Jammer, 36, of Martinsville, Indiana was sentenced to 102 months in federal prison after he pled guilty to a slew of offenses including extortion, drug […]
Tax season often raises questions about what will happen to a tax refund if bankruptcy is filed. This can be the best time to discuss your questions and concerns with an experienced bankruptcy attorney. In many cases it is about timing depending on your unique situation. It may be best for you to postpone your […]
A bankruptcy filing can immediately stop foreclosure in most cases when proceedings have yet to be finalized. Bankruptcy may help homeowners buy more time in determining their next move including whether or not they want to keep their home. This is also a good time for debtors to review with their bankruptcy attorney about their [...]Bankruptcy News for You
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