from The American Bankruptcy Institute
When considering bankruptcy as an option to get you the financial relief you are seeking, taking the time to consult with a bankruptcy expert can make a big difference in how you proceed in choosing the best solution. This is the perfect opportunity to gain clarity about the process and whether it is the best [...]
Most debtors seeking to have debt eliminated or discharged may have the action granted by the bankruptcy court. Although a discharge can be denied and in many cases it is due to the debtor doing something they should have avoided. It is important to note that when a discharge is denied, it may not necessarily [...]
Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for July 09, 2013 As Detroit teeters on bankruptcy, creditors are left holding the bag Hoover owner vacuums up Oreck at bankruptcy auction Tootie Pie files for bankruptcy
Many refer to bankruptcy as being a powerful financial tool that can help eliminate or restructure your finances. When you are considering filing for protection, you should know what debt is eligible for discharge since all debts cannot be wiped out. Certain debts, such as credit card and medical bills, may be wiped out in [...]
Stephen Beukas, 47, of Mahwah, New Jersey was sentenced to 21 months in federal prison after pleading guilty to charges in relation to tax evasion and bankruptcy fraud. For several years, Beukas failed to report all income earnings from his dental practice. He also failed to pay taxes on his earnings totaling over $800,000. When [...]
Everyone agrees that bankruptcy is a powerful financial tool that can help you obtain a fresh start. Yet there continues to be myths, misconceptions, and misunderstandings about the purpose of bankruptcy and its related processes. A number of bankruptcy professionals who are familiar with such misconceptions can probably write a few books about reasons why [...]
The most common form of debt in the United States is credit card debt. There are millions in circulation by a number of creditors with Chase bank alone having more than 100 million in 2008. While most people feel it is not a big deal to have credit card debt, some who find themselves in [...]
Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for July 02, 2013 Casey Anthony wins partial victory in bankruptcy court Textbook publisher Cengage files bankruptcy to cut debt Belle Foods bankruptcy: Grocery company struggles to pay debt
Many people are under the impression that bankruptcy will not eliminate or discharge student loan debt. While this is true, it may not be the case for everyone. In some cases, student loan debt may be causing the household an undue hardship. This may allow student debt to be eligible for elimination, but even if [...]
Many consumers and small business owners who consider bankruptcy protection are confused about the process due to many misconceptions or false information. While bankruptcy laws were updated in 2005, there still seems to be a considerable amount of misunderstandings about who can file and whether it damages your reputation. One of the most effective ways [...]Bankruptcy News for You
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