When you file for chapter 7 bankruptcy and you have a secured vehicle, you have three choices which you can make. You can either reaffirm on the debt, you can redeem on the debt or you can surrender the property in full satisfaction of the debt.

Bankruptcy offers protection from your creditors and a chance to achieve your desirable outcome. But when dismissal looms, your future may not look so bright.
When you file for bankruptcy, you get the benefit of knowing that your creditors can’t take any action against you.

By:  Steven P. Taylor, Indiana bankruptcy attorney on January 30, 2014
Posted in Chapter 13 Bankruptcy

By:  Steven P. Taylor, Indiana bankruptcy attorney on January 30, 2014
Posted in Chapter 13 Bankruptcy

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for January 30, 2014 Toni Braxton Buys $3 Million Mansion After Filing For Bankruptcy Hospital bankruptcies a result of trends, not a single event WR Grace’s bankruptcy exit financing deal gets court approval

Filing for bankruptcy doesn’t have to mean you’ve given up on your finances. You don’t have to keep struggling in figuring out how you will meet necessary financial obligations month after month.  Chapter 7 bankruptcy can help you wipe out debts while Chapter 13 bankruptcy can help you pay them with an affordable repayment plan. [...]

Our firm is launching a Seattle Bankruptcy website as the first in a series of city specific bankruptcy law websites. The idea is that people living in Seattle, Washington probably don’t want to wade through articles about Portland bankruptcy hearings and trustees and vice versa. The first of these sites is going to be geared towards Seattle area prospective bankruptcy clients. The site can be found at http://www.seattle-bankruptcyattorney.net

Etiquette experts say that sex, politics and religion are subjects to be avoided at dinner parties.
I’d add one more subject to that list – money.
Nobody wants to talk about their money problems except with their closest friends and loved one – and sometimes, not even with that intimate circle of confidantes.

Vince Young, 30, former NFL quarterback for the Texas Titans filed for Chapter 11 bankruptcy.  Just over a year ago there were reports Young was running out of money even though he signed a contract that would guarantee him $26 million.  He filed his petition in Houston federal bankruptcy court while battling lawsuits against him [...]

Chapter 13 Bankruptcy – Payroll Control In some jurisdictions, payroll control is mandatory.  This is where the money to pay your Chapter 13 trustee is deducted by court order out of your pay.  Now, payroll control can only work if you have a job.  If you are self-employed, or if you are on unemployment, if+ Read MoreThe post Do I have to go on payroll control for Chapter 13? appeared first on