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The Wisdom of Using a Non-Profit Debt Counseling Firm 4 Dec 2012 | 05:00 am
Understanding what non-profit debt counseling firms are and are not is the key to the wisdom of using them as an alternative to bankruptcy. These firms are not Operated by or for the state or federal...
Using An Attorney To Negotiate A Debt Reduction Plan 3 Dec 2012 | 05:00 am
Depending on your situation, using a bankruptcy lawyer to work out a debt reduction or settlement agreement might be the perfect solution or the wrong option. There are two issues that dictate which c...
Public Bankruptcy Records By State 22 Nov 2012 | 05:00 am
Through the U.S. National Archives website, you can order bankruptcy records online by state, but you will need some pertinent information. The physical records are kept at 14 Regional Records Service...
How Filing for Bankruptcy can Restore Your Life to Normal 16 Nov 2012 | 05:00 am
There is no denying the fact that filing for bankruptcy is a big step, and one seemingly in the wrong direction. After all, you promised to repay your debtors, and the bankruptcy is a breach of that p...
Filing For Chapter 13 Bankruptcy 10 Oct 2012 | 05:00 am
As always, the process begins with the filing of a petition with the bankruptcy court in the area where you have a domicile or residence. If you live near Detroit, you would use Michigan bankruptcy la...
Bankruptcy Discharge 2 Oct 2012 | 05:00 am
A discharge releases the debtor from all personal liability for “dischargeable debts” as defined in the bankruptcy code. It also permanently prohibits creditors from taking any collection activity to ...
Define Some Bankruptcy Terminology 1 Oct 2012 | 05:00 am
Here are some bankruptcy definitions and bankruptcy terminology that should be helpful: Liquidation : In a Chapter 7 bankruptcy, substantially all assets of the individual or company are sold or other...
Bankruptcy Exemptions 30 Sep 2012 | 05:00 am
Certain property (or the equity therein) may be exempt from forced inclusion in a petition for bankruptcy. Federal laws specify some assets that may be protected. However, most states also have a list...
Some Bankruptcy FAQ's. 29 Sep 2012 | 05:00 am
Q. If I file for bankruptcy, am I protected from my creditors and their collection action? A. As soon as you file a valid petition, your creditors are prohibited from continuing their collection acti...
Bankruptcy Law Changes And The Court 28 Sep 2012 | 05:00 am
Recent changes in the federal law require different standards for a person to file a valid petition for bankruptcy protection. The burden of proof of a person's inability to pay off his/her debts has ...
