How Does Renting an Apartment Effect Bankruptcy
If you have filed bankruptcy or are considering doing so, you may be concerned with the possible effects. Renting an apartment after bankruptcy is possible; you just need to be prepared.
Whether you’re just considering bankruptcy or have just been through one, you are likely to ask yourself this question. The good news is yes, there [...]
What to Expect During Your Bankruptcy Filing
During the initial consultation your specific situation will be reviewed and discussed, the process of bankruptcy will be explained, options available in Bankruptcy will be analyzed by our experienced attorneys, fees and costs will be discussed and questions will be answered.
Prior to filing bankruptcy: A debtor is required to take a credit counseling class by [...]
Basics of BAPCA
BAPCPA, or the Bankruptcy Abuse Prevention and Consumer Protection Act, was passed by the US federal government in 2005. The purpose of this act was to reduce the number of Chapter 7 bankruptcy filings and increase the number of Chapter 13 filings. The reason creditors prefer Chapter 13 over Chapter 7 is that debtors have [...]
Bankruptcy Motions – Learn About the Standard Set of Motions a Bankruptcy Case Goes Through
Bankruptcy goes thorough a regular set of bankruptcy motions, based on the decisions made by the judge or the trustee. Motions in some cases are so smooth that the case is completed without any disagreement. However, the course may get very difficult for the debtor if someone files a complaint against him/her under federal fraud [...]
US Auto Bailout – Pros and Cons – Addressing Bankruptcy in 2009
US Auto Bailout – Pros and Cons – Addressing Bankruptcy in 2009
As Congress comes closer to finalizing a bailout for the American auto industry, one can’t help but wonder what the ups and downs of such a bailout include. While I can’t possibly detail every aspect of this bailout, especially considering that its long-term [...]
Common Bankruptcy Pre-Filing Mistakes
Getting a fresh start in bankruptcy is usually the single most important event in any person’s financial life. Yet, despite the importance of planning and properly executing a bankruptcy, we have found that a number of people make the same mistake over and over again when preparing to file for bankruptcy. Some of the [...]
Bankruptcy – What Can We Expect in 2010
There is little doubt that most people and businesses are glad to see 2009 pass, but what does 2010 hold in store mainly when it comes to bankruptcy filings?
The 2009 calendar year saw the bankruptcy filings of companies that were once thought impermeable to such a development. We can expect to see more pre-packaged bankruptcy [...]
Bankruptcy May Not Cover Christmas Credit Card Binges
If you are feeling weighed down by the debt that you are carrying and you believe that bankruptcy is your best solution, please know that some of the credit card debt you have accumulated may not be dis-chargeable. Section 523(a) (2) of the federal Bankruptcy Code addresses the problem of credit card binging. This clause [...]
How 703 California Bankruptcy Exemptions Help You Keep Your Property When You File For Bankruptcy
People filing for bankruptcy have one major concern that is whether they can keep their property if they file for bankruptcy. In the majority of circumstances all of the assets of the person can be protected in a bankruptcy through the use of bankruptcy exemptions.
These are either California Code of Civil Procedure (CCP) 703 or [...]
Can mortgage refinance be a good alternative for bankruptcy?
Advantages of Mortgage refinancing: Mortgage refinancing allows you to amend your mortgage to improve your current needs. If you refinance, you have the aptitude to start from the very beginning with a new mortgage. You can change your term, payoff existing debt or significantly lower your monthly commitments and can be a great [...]
