Bankruptcy

Is Bankruptcy For Me?

June 14th, 2011

Filing for bankruptcy can lead to many questions and concerns. There are many resources online that can help you learn about the process, but seeking the advice of a bankruptcy attorney can help you find all the answers. Here a few common questions that I have come across.

Who should file for bankruptcy?

Anyone that is in financial distress can consider filing for bankruptcy. If you are behind on payments and only able to pay the minimum or unable to make mortgage or car loan payments, then you can be a candidate for bankruptcy. Frequent calls and threats from bill collectors can create unwanted stress. A bankruptcy attorney can help provide peace of mind. » Read more: Is Bankruptcy For Me?

Chapter 13 Bankruptcy Requirements

June 10th, 2011

Chapter 13 Bankruptcy is specifically designed to work with the court to stop foreclosure, wage garnishments, repossession of property and assets, and lawsuits and creditor harassments. The bankruptcy petitioner will need to work with the court by filing in the court asking for consolidation, repayment options, reduce, or even eliminate debts.

Chapter 13 Bankruptcy option will help a property owner to keep their valuable assets and property when handling the debt and as soon as the filing is done and the bankruptcy attorney fees are paid, all the property of the owner will have an automatic stay. » Read more: Chapter 13 Bankruptcy Requirements

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