Understanding differences between bankruptcy chapters can make a big difference in helping you obtain a favorable outcome for your situation.  Most bankruptcies filed by individuals and small businesses include Chapter 7 and Chapter 13.  When it comes to understanding which chapter you should file, your debt, income, assets, and financial goals will have a significant [...]

Modern day rebels have defeated the Imperial Storm Troopers, a.k.a. Midland Funding LLC!

A debtor sued by Midland Funding, LLC won at trial and is has now sued Midland Funding LLC for unfair practices and malicious prosecution.  

We don’t have any savings because we’re paying for yesterday using tomorrow’s money. Let’s get off the roller-coaster.

Written by: Robert DeMarco
Yes, you can settle your credit card debts without paying someone to help you.  There is no legalistic formula.  No special skill set is required.  The only thing you need is a telephone and the desire to end your debt nightmares.
Prepare

Many who file for bankruptcy qualify for protection of their 401(k), while being able to discharge or eliminate debt.  This is common concern debtors have for a number of reasons. Some who are thinking about filing may receive funds from their 401(k) as their only form of income, especially if they are retired.

After a collector obtains a judgement against you, the collector can obtain an order that requires you to appear in court to answer questions about your income and assets in order to determine whether there a. Note: If you file bankruptcy prior to the date of the judgement debtor exam, you will not need to appear at all. If you are not filing bankruptcy prior to the judgement debtor exam, there are three things to remember:

You can protect your home in Chapter 7 bankruptcy. Under California law, you may be able to protect real estate from creditors even if you don’t live there. But when you walk into bankruptcy court, the game changes.

Written by: Robert DeMarco
Fifth Circuit Clarifies Position on Artificial Impairment of Classes

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for June 25, 2013 Sly Stone Wants Ex-Manager’s Bankruptcies Tossed Wind firm sued by state of Minnesota files Chapter 7 bankruptcy Detroit bankruptcy could force museums to auction off cultural treasures to help pay city debt