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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Requirements for Filing Bankruptcy in Minnesota

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Bankruptcy law in Minnesota is similar to regulations in place in other states. The law is designed to provide requirements for each bankruptcy filer depending on which particular chapter of bankruptcy the filer has chosen for protection. The two most commonly used forms of consumer bankruptcy prote

Does Bankruptcy Clear Medical Debt?

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Being overwhelmed with debts is no fun --- particularly when that debt is compounded by medical issues. A recent study by Harvard University found that as many as 46 percent of personal bankruptcies had medical debt as a contributing factor. Not all debts are dischargeable in bankruptcy. But as long

Arising From Financial Crisis In Los Angeles

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Taking on the current downed economy in Los Angeles makes it tough to recover. There are lots of factors beyond people's control that are putting absolutely everyone in trouble faster than they can recuperate. It ...

Cars On Finance Get In The Drivers Seat

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Cars are typically the second most expensive purchase for consumers in the UK. This is why many people opt to purchase their Cars on Finance instead of paying a full up-front payment.

Divorce and Bankruptcy: Surprising Results

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Separation Agreements that are incorporated into a divorce decree (and decrees of divorce themselves) pose difficult and sometimes unexpected results in bankruptcy. Many of the general rules of bankruptcy can be dramatically altered with a separation agreement or divorce decree.

How to File Bankruptcy While in the Military

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Like anyone else, members of the armed forces can wind up with more debt than they can handle. If you're in the military, filing for bankruptcy may pose more problems for you than it does for most civilians. It can have a negative effect on promotions and security clearances, among other things. H

How To Avoid Being CheatedFor Buyers

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Buyers beware - a guide on how to avoid being cheated. A $50,000 bank robbery grabs the headlines, but it is more than likely that you have been "relieved" of this amount, and often a lot more, during your working life. You could be paying too much for goods and services, and be the victim

Seek Reliable Bankruptcy Advice to Overcome the Burdens of Outstanding Debts

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It is important to seek reliable bankruptcy advice from an expert legal advisor to know the various advantages and disadvantages of bankruptcy and if it is an appropriate debt solution for you. A number of social, economic and personal factors can lead to an outrageous debt situation.

What You Can and Cannot Do When You Have an IVA?

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IVAs are getting more and more media and public attention nowadays. It also indicates that the debt situation is going from bad to worse in the country. In these days of worldwide economic downturn, making both ends meet has become quite difficult for a large number of people and they often have to

Wisconsin Bankruptcy Process

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If you've fallen behind on your bills and are struggling to repay your debts, bankruptcy may be your only option. Residents of Wisconsin may file for Chapter 7 or Chapter 13 bankruptcy depending on their situation. Chapter 7 bankruptcy allows you to eliminate your debt in exchange for giving up cert

Why So Many Debt Consolidation Clients End Up Filing Bankruptcy

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In my years of experience practicing bankruptcy, I have seen clients file bankruptcy cases for many different reasons. But, for me, the most frustrating trend is the very high number of clients who seek bankruptcy advice after working with debt consolidation companies.

Does the Bankruptcy Court Notify Anyone of a Chapter 13 Discharge?

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If you have completed your Chapter 13 repayment plan, the court will order the discharge of identified debts. Before the discharge is granted, you must certify that certain requirements have been met. Within six to eight weeks of making your last payment and fulfilling the court's certification requ

Can You Still Buy a Car or House After Filing Bankruptcy?

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While declaring personal bankruptcy can be an effective means to get out from under crushing debt, it can devastate a person's credit rating. Bankruptcy is a red flag to lenders, who consider it a sign that the person has a high risk of not paying back a loan. This can greatly hinder the person's ab

Bankruptcy Debts That Can And Can’t Be Eliminated

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Deciding to file for bankruptcy can completely affect your life. With tough economic times, it is becoming more common for people to find no other option. You should understand a few items before taking such ...

Chapter 13 Refinance Bankruptcy Code

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Chapter 13 refinancing and bankruptcy law as it pertains to foreclosure and chapter 13 cash outs.Many people who have filed bankruptcy know little about the process. Often times debtors are unaware of their options in a chapter 13 because they rely on their attorney; their attorney has a fiduciary r