Detroit Bankruptcy Lawyers: Should I Sign A Reaffirmation Agreement?

Reaffirmation agreements are standard in bankruptcy. But before I can explain if you should sign a reaffirmation agreement, we need to understand exactly what a reaffirmation agreement is. A reaffirmation agreement is a contract created by your secured creditor for you to agree to continue making your regular payments on your debt. The reaffirmation agreement will only […]

California Bankruptcy Attorney

The process involved in a Chapter 11 bankruptcy filing differs from other bankruptcy actions in that the owner of the business acts as trustee and retains possession of the business’ assets. This situation is referred to as “debtor-in-possession”, with assets and operations remaining in possession of the business. Chapter 11 also empowers the debtor with […]

Can I Get Rid Of My Medical Debt In Bankruptcy?

This is a very common question we get asked all the time during our consultations, and we see plenty of people with high medical bills. So you are not alone. In fact, one Harvard researcher has stated that everyone in this country is just one medical bill away from filing bankruptcy. This should come as no […]

Hire a Bankruptcy lawyer when in financial trouble

But there are certain situations wherein people tend to spend more than what they can afford putting them in a situation of financial ruin. These mainly includes those unpaid bills, the inability to pay monthly mortgage payments and the never ending piling up of credit card bills are just few of the danger signs that […]

Reasons for employing a Bankruptcy Lawyer to File Bankruptcy

Bankruptcy can be very devastating to any individual. It can always happen to anyone from small businesses down to a multi-million dollar companies. Sometimes people involved in such crisis panic because they are not prepared to handle the situation and so when faced with unmanageable debts that is where a bankruptcy lawyer comes in. They […]

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