Why So Many Debt Consolidation Clients End Up Filing Bankruptcy
October 25, 2011 by
Filed under Filing Bankruptcy
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. Almost every week I consult with a family who has spent years paying thousands of dollars in a debt .. more …
Why to File for Chapter 7 Bankruptcy
October 12, 2011 by
Filed under Bankruptcy Laws
Steve Westerfield has a Bachelor of Arts degree in Political Science from Ouachita Baptist University in Arkadelphia, AR and a Juris Doctor from the University of Arkansas at Little Rock. He also has 32 years of experience in legal practice as a sole practitioner as a bankruptcy lawyer in Hot Springs, AR. Here, Westerfield talks about why people come to him to file .. more …
Insolvency And Corparate Bankruptcy In China
August 31, 2011 by
Filed under Bankruptcy Laws
Insolvency
China’s insolvency regime is still developing. Insolvency remains a particularly sensitive issue in China because there many technically insolvent state-owned enterprises and financial institutions, forcing China to choose between economic inefficiency and mass lay-offs that could disrupt social stability.
Commencement of Insolvency Action
Both voluntary and .. more …
How to Deal With Bankruptcy Law
August 30, 2011 by
Filed under Bankruptcy Laws
Bankruptcy is a very unfortunate situation and can happen even to seasoned businessman or to a new entrepreneur. To avoid falling into such a trap one should ensure to keep his or her financial health in a very good state. Filing bankruptcy is not an easy job and one has to go through a very complex process involving lot of complex court procedure. Also it affects badly .. more …
New Bankruptcy Laws – Why To Think Twice Before You File Bankruptcy
June 12, 2011 by
Filed under Filing 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 Protection Act of 2005,” it .. more …
5 Biggest Myths About Filing For Bankruptcy
May 22, 2011 by
Filed under Filing Bankruptcy
Myths about filing a bankruptcy case are everywhere and may prevent countless people from gaining the fresh start that bankruptcy offers. Here are five of the biggest myths about filing a bankruptcy case.
Myth #1: Saying “I Declare Bankruptcy” in a Public Place Is the Same as Filing for Bankruptcy
This approach is popular on television (e.g., Michael Scott on The Office) but a .. more …
