Bankruptcy

How to Respond to a Writ of Garnishment in Maryland

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If you fail to repay a debt, your creditor can sue you in civil court to recover what is owed. If the court issues a judgment against you, the creditor can then take steps to garnish your wages or bank account. In the state of Maryland, writs of garnishment are issued by the district court. If you"v

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About 341 Bankruptcy Meetings

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The bankruptcy process involves a series of specific steps that must be completed before having your debts discharged or restructured. One such step is the 341 bankruptcy meeting, also known as the meeting of creditors. If you are planning to file for personal bankruptcy, it is important to understa

The Effects of Declaration of Cash Dividends

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One of the perks of investing in a stock is that you can receive dividends from a company. Dividends are a way for companies to share the profit they generate with investors. When a cash dividend is declared by a company, it can have immediate effects on the price of its stock.

Understanding Bankruptcy Laws In Ohio

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The purpose of bankruptcy laws in Ohio is to give people in financial crisis a chance for a new financial beginning. Each state has its own laws that govern bankruptcy that apply to their respective residents, even though Federal Courts handle Bankruptcy. These laws are based on the federal statutor

Can You File Bankruptcy and Not Lose Everything?

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Many people equate bankruptcy with necessary loss of all of your property in order to erase your debts. If you follow a few key guidelines, however, such a result is generally avoidable. This principle is equally applicable even to Chapter 7 liquidation bankruptcy as long as you can exempt most or a

Bankruptcy Laws for Homeowners

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Bankruptcy for homeowners can be complicated in relation to how they affect a mortgage. Certain types of bankruptcy filings only delay foreclosure, while others halt foreclosure proceedings and allow families to stay in their homes. According to the Center for American Progress, many homeowners are

Do I Have to Repay with Chapter 13?

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Chapter 13 bankruptcy is a type of bankruptcy protection in which you do have to repay most of your creditors the money that you owe them. This is not the type of bankruptcy that most people associate with completely eliminating all of your debts. This bankruptcy involves coming up with a specific r

Government Programs That Help People With Debt Relief

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Government programs for individual debt relief are limited.debt defined image by Christopher Walker from Fotolia.comWhile claims abound that government money is available for individuals to pay off their debts, this is simply not true. Government programs do support non-profit debt...

Filing Bankruptcy - The Downside

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Depending on your current financial situation, bankruptcy might seem like the only answer. While in many cases this may be true, there are other solutions which might prove to be the better choice. The biggest downside to bankruptcy is the fact that it remains on your credit report for up to 10 year

Texas Bankruptcy Help

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Filing for bankruptcy in Texas provides you with protection from creditors, allowing you time to reorganize your finances and pay off your debts or eliminate most of your debts altogether. The bankruptcy process can be traumatic and damaging to your credit rating, so it is best to honestly examine y

How to Rent a Home After Bankruptcy

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It's tempting to start from the ground up after coming out of bankruptcy, but buying a new home isn't the best way to do so. You'll need a bit of time to build your credit worthiness again before moneylenders can trust you again. For the meantime, it's best to rent a home or apar

Should I Apply For Bankruptcy?

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You have a few choices if you're trying to clear your unmanageable debts. One of the most well-known debt solutions is bankruptcy - a legal process in which your debts are cleared. This will have an impact on your assets and credit rating.

Are Your Wages Garnished in a Chapter 13 Bankruptcy?

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Wage garnishments and other collection attempts stop when the Chapter 13 bankruptcy case is filed. The bankruptcy court imposes an automatic stay on all creditors that prevents them from seeking payment outside bankruptcy. Payment for debts that are not dischargeable will be included in the Chapter

The Ins And Outs Of Chapter Seven Bankruptcy

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Chapter seven bankruptcy protection is one method to induce out of a money crisis, however it might not be the foremost logical choice when considering monetary healing. Before involving courts and lawyers closely examine the legal arrangement with the loaner. It's attainable you may not be in

Executory Contracts and Bankruptcy

Bankruptcy filings do not occur in a vacuum. Oftentimes, they occur in the midst of pending business transactions that need to proceed in spite of a party's financial difficulties. Sometimes, these contractually agreed-upon transactions pass through bankruptcy unaffected. Other times, however, the b

The Illinois Statute for Garnishment

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Illinois residents who fail to repay their debts can be sued by their creditors in an attempt to collect. If your creditor wins a judgment against you, they can file additional motions with the court to garnish your wages and/or your bank account to recover what is owed. Garnishments are covered und

Techniques Used for Recovery of Debt

When dealing with debt, you are bound to run into defaults -- 20 percent of student loans are more than 90 days late, according to the U.S. Department of Education. Debt recovery tactics can increase payment rates, but could also violate the law.

When is Filing Bankruptcy Your Best Option?

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Filing bankruptcy may be your best option, but it should not be the first option you consider, nor should the decision be made lightly. In your current situation, don't make more mistakes before you have checked your options, then if bankruptcy is best, do it the right way.