from The American Bankruptcy Institute
Chapter 7 bankruptcy eliminates unsecured debt such as medical bills, credit card debt, and payday loans. In order to understand whether you qualify is by reviewing your eligibility factors. The most effective way to learn if you qualify includes discussing your situation with an experienced bankruptcy attorney. Meeting qualifications of the means test and providing [...]
Well-known vacuum company Oreck filed for Chapter 11 bankruptcy after decreasing vacuum sales. The company will continue operations during the filing, while in the process of restructuring in hopes of acquiring a buyer. Oreck is known for producing upright vacuums and cleaning products through online and direct phone sales, as well as through their Oreck [...]
Depending on state law regulations, a motorist may have their driver’s license suspended if they have an outstanding debt related to a civil judgment. For instance, back child support payments or lack of insurance are common reasons why someone may have their license put under suspension. While it is true a suspension is a consequence, [...]
Chicago area drivers who tried to avoid paying impound fees for their vehicles allegedly participated in a bazaar scheme that included filing false bankruptcy petitions. Local and state investigators found a significant number of “pro-se” bankruptcy filings (individuals who filed without an attorney) after the U.S.
Chapter 13 bankruptcy is a court-approved repayment plan based on the debtor’s ability to repay. While the plan is not for everyone, it offers different benefits that debtors may find useful depending on their personal situation. While the plan can last anywhere from three to five years, this aspect alone is enough to discourage debtors [...]
Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for May 09, 2013 Texas search firm seeks $100K from Casey Anthony Oreck Corp. files for bankruptcy protection Extra, Extra: Read All About The Daily Voice’s Bankruptcy
It is possible to have your life insurance policy be protected in bankruptcy under certain circumstances. While there are different types of life insurance, this information pertains to simplified whole life and term life insurance policies since a wide majority of consumers have these types most often. There are factors to review in
In many cases, assets that belong to your spouse may be off limits to creditors but it depends on the circumstances of the spouse filing for protection. There are a few factors to review that may give clarity regarding account funds. You need have a good idea of what assets are considered part of your [...]
Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for May 07, 2013 SouthPeak Seeks to Pull Plug on TimeGate Bankruptcy New testimony in Shapiro bankruptcy case supports claims Solyndra bankruptcy scandal spills over into wind projects
Consumers have the option of filing for bankruptcy on their own, also known as “pro se,” in which you represent yourself. You are not required by law to file bankruptcy with an attorney, but many do not understand the risk they take upon themselves when considering the process without guidance of an experienced attorney. For instance, many [...]Bankruptcy News for You
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