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Bankruptcy & consumer credit : Law & Legal & Attorney
How to Dissolve a Delaware LLC
There are several ways to dissolve an LLC in Delaware. Members of the LLC can agree on a certain time to dissolve the company, it can dissolve as a condition of a certain agreed-upon event, such as the loss of a member, or the members can take a vote to dissolve. Once the company is dissolved, it ne
North Carolina Chapter 13 Bankruptcy Information
Chapter 13 is one of the two bankruptcy options available to consumers (individuals, not businesses) in North Carolina. The other option is Chapter 7, which is liquidation bankruptcy. Under liquidation, the bankruptcy trustee will sell nearly all of your property and use the money to pay off as many
What is a Special Bankruptcy Exemption?
In Chapter 7 bankruptcy, the trustee considers all assets that might be liquidated to pay creditors. Federal and state bankruptcy laws list certain types of property that are exempt from forfeit, often up to a given dollar limit.
Lifting the Financial Burden of Cancer
Cancer patients frequently endure treatments that dramatically impair their ability to financially support their families. Patients often incur significant medical debts, and they use credit cards to
What Happens After Filing for Bankruptcy in Florida?
Once you file initial papers declaring bankruptcy, your case is not over just yet, according to the United States Bankruptcy Court Middle District of Florida. A few key events happen not long after you initially declare insolvency.
Chapter 11 Business Bankruptcy Basics
For those businesses that are struggling with debt but have the means to continue operation, Chapter 11 and Chapter 13 are the two most popular business bankruptcy options. With the opportunity to res
Mass Joinder Lawsuit Consumer Alert
When Los Angeles lawyer Luis Rodriguez responded to a summons-like mailer soliciting him to join other homeowners in a lawsuit against the Bank of America, he was told he qualified to be a plaintiff a
How to Find a Tract of Land in North Dakota
North Dakota is known for its wide stretches of flatland, grasses, whipping winds and gale-force winters. North Dakota is less known for having one of the best cost-of-living indexes in the nation and abundant and relatively inexpensive real estate. The state is considered a rural state because the
Can Municipalities File for Bankruptcy?
During the Great Depression in the 1930s, 2,000 towns became insolvent and had no option to get a new start with bankruptcy. In 2011, a municipality -- governing body of an area such as a county or other local government -- can declare bankruptcy and municipal bankruptcy works like a personal bankru
How to Choose a Chapter 7 Bankruptcy Attorney
Choosing a chapter 7 bankruptcy attorney is not something most people want to do, but it is usually necessary when they have exhausted all other options. Hiring one of these professionals is in your best interest for the future. This person will be dealing with your financial future, so you want to
Do You Have to Wait for Bankruptcy to Be Discharged Before Getting a Car Loan?
A bankruptcy discharge means the process is complete and the debtor’s finances are no longer under the control of a federal bankruptcy court. However, that can take up to five years, and some bankrupt individuals may need a car before then. Fortunately, there are options for applying for and r
What Is A Loan Audit?
In the current economic climate, millions of homeowners are struggling to afford the price of their homes. In many cases, the original value on the loan doesn't reflect the actual value of th
How to Dismiss a Chapter 13 Bankruptcy
A Chapter 13 bankruptcy is designed to provide you a court-supervised payment plan through which you satisfy most, if not all, the debt owed to your creditors over the course of two to five years, according to the U.S. Bankruptcy Code. If you reach a point where you believe it would best serve your
What Happens After a Bankruptcy Was Revoked?
When a bankruptcy is discharged from the U.S. Bankruptcy Courts, many debtors believe their battle with creditors is over. If a debtor fails to meet the terms of the discharge, or committed fraudulent acts before or after his discharge, his creditors may seek a revocation of the discharge. If a bank
Does an Estate Cover Sole Proprietorships?
Sole proprietorships are businesses owned and operated by one person. Titling a business in this manner is problematic when the owner dies, as technically the sole proprietorship ceases to exist. It is very important for the sole proprietor to make good estate-planning decisions and when writing a w
The Biblical Origins of Bankruptcy
It's common knowledge that modern society's most basic laws were first codified in the Ten Commandments. What many people might not realize, however, is that even some of our more co
About Forensic Accounting Firms
Forensic accounting firms are companies that provide certified public accountants (CPAs) that have been specially trained in forensic accounting. They are called in when fraud is suspected, to vet a company that is getting ready to be purchased and to perform employee interviews. More and more, fore
How to Keep Your Vehicle After a Dismissed Bankruptcy
Most bankruptcies are dismissed from the courts because of an error in the filing, statements or required actions, like credit counseling. When something goes wrong with your bankruptcy and the case is dismissed, all your debts go back to their original status. Creditors, including auto lenders, hav
Discharge in Chapter 7 Bankruptcy
When a Chapter 7 bankruptcy is completed, the court discharges all debt eligible for elimination. The debtor no longer has a legal obligation to pay the creditors of the discharged debt. If some debt remains after the discharge, the debtor is responsible for paying those creditors.