Streamlining Your BankruptcyStreamlining Your Bankruptcy

About Me

Streamlining Your Bankruptcy

I knew that I had hit rock bottom financially when I started making credit card payments with other credit cards. Before I knew it, collectors were contacting me almost hourly, and it started to get really frustrating. I knew that I had to turn things around, which is why I decided to meet with a bankruptcy attorney. My lawyer took the time to listen to my troubles and walk me through the bankruptcy process. He made everything seem much more manageable, which really helped me out. This blog is here to educate other people about how much the right bankruptcy lawyer can help.

FAQs About Bankruptcy and Foreclosures

Many people who file for bankruptcy worry about losing their homes. Some are facing foreclosure and wonder how bankruptcy can help. A bankruptcy attorney should be the first person you consult for questions regarding bankruptcy and foreclosures. Here are some questions you should pose to your bankruptcy attorney. What Is an Automatic Stay? With Chapter 7 or 13 bankruptcy, the court issues an order known as an automatic stay. This order directs your creditors to stop their collection activities. Read More 

Where Does the Trustee Fit Into a Chapter 7 Bankruptcy?

For folks who aren't familiar with the ins and outs of Chapter 7 bankruptcy law, one of the more surprising figures they encounter is the trustee. It's wise to understand what the role of the trustee is and how they fit into the process. Preserving Value A trustee's mandate is to see that the creditors get as much of what the petitioner owes to them as possible. This isn't quite the same as a responsibility to defend the creditors' interests because that is up to the creditors and whichever attorneys they might hire. Read More 

Is It Time For You To Consider Filing For Chapter 7 Bankruptcy?

If you have seen advertisements for bankruptcy attorneys, you might have found yourself wondering if filing for chapter 7 bankruptcy is something that you should consider doing. With the chapter 7 bankruptcy law, the majority, if not all, of your debts will be cleared. Some of the debts not included in this would be taxes owed to the government and things such as child support payments. To help you decide if you should contact an attorney to file chapter 7 on the rest of your debts, you will want to review the following information. Read More 

How To Avoid A Bankruptcy 2004 Procedure

Most bankruptcy filers have not heard of the 2004 procedure, and that is a good thing. To know about it probably means that you have messed your bankruptcy case up pretty badly. To help prevent you from ever finding out about this issue in person, read on to learn more about what prompts the 2004 Exam and how you can easily avoid it. Don't Break the Rules Just like in any other legal proceeding, there are rules. Read More 

Deeper In Debt? How To Tell When It’s Time To File For Bankruptcy

There may be nothing worse than being so far in debt that you can't get out from under it. Being in debt can affect all aspects of your professional and personal life. If you can't gain control of your finances, and debt collectors are banging at your door, you need to talk to an attorney about bankruptcy. Take a look at the list below. If any of the information applies to you, bankruptcy may be your best option right now. Read More