from The American Bankruptcy Institute
One reason many consumers overlook the possibility of filing for bankruptcy is fear of losing retirements funds such as an IRA (Individual Retirement Account). While there may be limitations on how much of your retirement funds can be protected, in most cases the funds you have saved can be protected without further questioning. It is [...]
Is it true you have to be a certain age to file for bankruptcy protection? Technically there is not an age limit that states you have to be a specific age in order to file. Yet, you may have to live in a jurisdiction for a certain time period when you file. Others may say [...]
Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for January 21, 2014 Divvy supplier rides its bikes into bankruptcy Hubway’s Canadian Supplier Files for Bankruptcy Retailer Dots Files for Chapter 11
Bankruptcy is known for providing financial relief in various ways that help debtors get a fresh start and regain financial control. You may be able to stop foreclosure, prevent or regain utility service, or avoid repossession. Even though there are different bankruptcy chapters you have the ability to get help you need through the following: [...]
With the start of a new year, many consumers considering bankruptcy may wonder when it is a good time to file. You may be surprised to learn that now may be the best time. Discussing your options with a bankruptcy attorney may help you understand timing more accurately and how it can help your personal [...]
What happens when a creditor has a judgment against you? Some debtors make the mistake of ignoring the summons and experience a rude awakening when their wages or their bank account gets garnished. You have a certain amount of time to answer the judgment before further legal action is taken against you. If you fail [...]
Debtors may be under the impression they are unable to get student loan debt discharged. While this may be the case for some, others may qualify to have this debt eliminated but don’t bother asking their attorney about it. When you file you are expected to list debt obligations you have outstanding, including those that [...]
A Chapter 13 bankruptcy plan can help you get your finances back in order. As a court-approved repayment plan that restructures debts, you may be able to make reduced payments on obligations based on your income ability. Yet, there are certain debts you are required to pay as part of the agreement, including secured debts [...]
A Beverly Hills, California man was recently sentenced to 15 months federal prison after being convicted of bankruptcy fraud. His sentencing comes after he was found guilty earlier this year on related charges in a bench trial that lasted 5 days. Darren David Chaker, 41, will serve a prison term of 15 months which will [...]Bankruptcy News for You
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