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

Kelly Rutherford filed for bankruptcy protection after dealing with financial struggles stemming from her child custody case against her ex-husband Daniel Giersch.  Rutherford claims she is unable to pay her bills, while paying close to $2 million in legal fees in connection with the custody battle involving the couple’s two young children.

This is part of our series on How To File Bankruptcy.

Filing for bankruptcy can help you eliminate or regain control of your financial obligations.  Keep in mind, it may not be the only option for you to consider, but many see it as a last resort when they have done other actions to try and resolve financial issues.  Bankruptcy experts and credit counselors even suggest [...]