If you need to file for bankruptcy, Chapter 13 should be your first choice whenever possible.
There are, for the most part, two types of bankruptcy cases that people file when they want to get out of debt – Chapter 7 and Chapter 13.
Chapter 7 is deceptively simple, involving just a few months in the court system and a quick exit to a (mostly) debt-free life.

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for January 14, 2014 Colossus Minerals seeks bankruptcy protection as it pursues dual-track process Hybrid offers US$55 million for bankrupt Fisker Garlock Wins Trial on Asbestos Liability in Bankruptcy Reorganization  

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 [...]

With some hard work and smart planning, you can have great credit after bankruptcy.
Thinking about bankruptcy but terrified of the negative credit implications?
Don’t believe it when someone tells you that your credit will go up once you’ve gotten rid of the mountain of unpaid debts and past due accounts?
I get it – most people are convinced their credit will be terrible after bankruptcy. In fact, lots of people think they’ll never be able to get credit every again.

Payday loans can help you take care of emergency situations, but some find it frustrating when they have to start rolling over their loan or take out multiple loans just to make ends meet.  Some debtors are worried about what may happen if they plan to file bankruptcy and want to stop payment on a [...]

Uh oh! Chase is in trouble – again? Still?
JPMorgan Chase Bank is facing charges of illegal and fraudulent tactics in over 100,000 debt collection lawsuits in California.

Knowing what charge-off means can make debt resolution an easier process.
When you go past due on a debt, you the phone calls begin pleasantly enough. Customer service representatives try to gently move you to make a payment, almost apologetically so.
But within a few months of missing a payment, they start talking in ominous terms about charging off your account.

If you have been sued by a credit card company or by a debt buyer such as Midland Funding, CACH LLC, LVNV Funding, Portfolio Recovery, Cavalry SPV, Asset Acceptance, Unifund CCR Partners or Encore Capital, you need to take immediate action.  Here are three things you must immediately do to win the credit card lawsuit in Nebraska:

Rebuilding after bankruptcy is a process. It starts with not incurring any negative credit after such time you file for bankruptcy. For example, after your bankruptcy case is over, you want to make sure that you do not incur any negative credit items on your credit Bureau.

Awhile back, my practice went from boom to bust. One day I had a staff of 14 people, the next I was sitting alone at a desk in 2,500 square feet of prime downtown Manhattan office space.
At the time, I considered myself a failure. Looking back on it, I realize that I couldn’t have been further from the truth.
My office, prior to the collapse, was making a ton of money – but all of it was going out the door in overhead. My clients weren’t disappointed, but they sure weren’t thrilled with the service we were giving.