Bankruptcy Myths
Bankruptcy Myths Filing for bankruptcy ruins your credit for 10 years. Not True. As with any other credit information, the fact of the bankruptcy can stay on your credit report for 7 to 10 years. (Remember, if you are considering bankruptcy it is highly likely that your credit rating has already been damaged, […]
Personal Bankruptcy in Canada: The B Word
Bankruptcy is a scary word. Although bankruptcy provides debt relief, it also conjures up images of losing your home, no hope of rebuilding credit, and other unpleasant thoughts. Let’s address those concerns with an analogy. Do you remember going to see the doctor when you were a child for your yearly check-up? You dreaded getting […]
Bankruptcy Explained
Think of a Bankruptcy as a legal mechanism by which you will be required to give up something – assets or future earnings – and, in exchange, receive relief from the Bankruptcy Court in the form of a discharge of some or all of your debts. If you have a question about bankruptcy, contact a […]
Some Information About The Typical Bankruptcy Process
As per bankruptcy rules and code bankruptcy filers are required to fill up a set of official forms as part of the legal module enacted to deal with individual debt problems and businesses. Bankruptcy courts have been designated for all districts across the country. These courts are headed by United States bankruptcy judges besides a […]
Top Bankruptcy Lawyers
When you are sitting under the burden and stress of debt, nothing seems like it will be easy. However, is that really true when it comes to filing bankruptcy? So you’ve decided to go ahead with the bankruptcy filing. You may be nervous. You may be hopeful. And you may be worried perhaps you will […]
Should I Postpone Filing Bankruptcy?
Your timing to file for bankruptcy protection can have a crucial impact on your future. If you file bankruptcy too early, it is possible you can lose some of the assets that you can potentially keep. Under special situation, you might choose to delay your bankruptcy petition: You Have Earned A Lot More Recently Previously […]
Chapter 7 Personal Bankruptcy Overview
No doubt if you are encountering financial hardship and your debt is just rising by the month, you must have comtemplated filing for bankruptcy protection. The most “popular” alternative is to file for Chapter 7 bankruptcy. Chapter 7 bankruptcy is named such bacause it is chapter 7 under the bankruptcy law. Chapter 7 bankruptcy is […]
When Filing Bankruptcy, You Should Seek The Consult Of A Bankruptcy Attorney
If you are in extreme financial hardship, no question you have likely considered filing for bankruptcy protection. If and when you file for bankruptcy, it can help you to eliminate most (if not all) of the debt that you have accumulated up till now. Even though filing for bankruptcy is optimal for those with a […]
Why bankruptcy discharge records are important?
Bankruptcy discharge order is an order of the bankruptcy judge relieving, the bankruptcy filer, of further liability for certain debts to ease financial burden. Once a bankruptcy is filed it generally takes approximately 4 to 5 months to receive discharge. When a bankruptcy is discharged, the filer is no longer legally liable for old debts […]
New Bankruptcy Laws – Why To Think Twice Before You File Bankruptcy
At one point, filing bankruptcy was extremely easy, and generally hassles free. To begin with, the bankruptcy law was established to offer a new beginning to those who had financial difficulties. In April 2005, Congress made extensive changes in U.S. bankruptcy law with effect from October 17, 2005. Called the “Bankruptcy Abuse Prevention and Consumer […]