Auto Insurance and Bankruptcy
October 17, 2011 by
Filed under Filing Bankruptcy
The other day I had the opportunity to meet with a client who was considering filing a chapter 7 bankruptcy in the Southern District of Iowa. While discussing his monthly living expenses, I asked the client if he had auto insurance. His answer was no. This reminded me about a married couple who didn’t have auto insurance when they filed bankruptcy and didn’t bother to .. more …
Reasons Why One Should Avoid Filling Personal Bankruptcy
October 16, 2011 by
Filed under Bankruptcy Laws
Recently, unemployment coupled with inflation has affected the common man tremendously which resulted in increased rise in bankruptcy rate. I often faced many people thinking that filing bankruptcy will get them out of debt but fail to realize that there no such way that will eliminate all your debt with out paying a penny. The truth is that, bankruptcy will not .. more …
Frequent Problems Asked When Filing Bankruptcy in San Diego – Southern District of California
October 16, 2011 by
Filed under Filing Bankruptcy
Chapter nine bankruptcy calls for the resolution of municipal debts. Only a handful of municipalities have filed Chapter nine since its inception in 1937. In 1994, Orange County, California filed a multi-million dollar Chapter 9 because the County Treasurer-Tax Collector misappropriated the county’s tax dollars. He left the total county bankrupt. This scenario personally .. more …
Filing Bankruptcy
October 13, 2011 by
Filed under Filing Bankruptcy
Those who are faced with the overwhelming fact that their debts have grown to such a large amount that they might have to file for bankruptcy might not have a clue about how to go about this course. The first and foremost step to take is to put your bankrupt status on paper by filing for bankruptcy through the bankruptcy court. But how exactly does one go about it?
How .. more …
Why Should You Choose Bankruptcy? The Automatic Stay
October 11, 2011 by
Filed under Filing Bankruptcy
Bankruptcy works by protecting you from your creditors when you are no longer able to pay your debts. The most powerful function of a bankruptcy is called the “Automatic Stay”. The automatic stay goes into effect the second your bankruptcy case is filed with the court. The automatic stay is like a wall that goes straight up and blocks your creditors. This wall leaves .. more …
Some Things You Need To Consider Before Filing Bankruptcy
October 10, 2011 by
Filed under Filing Bankruptcy
Are you plague by so much debt that the only answer is to file for bankruptcy shelter? If so, have you taken the time to think about what is involved and how you should approach this bankruptcy procedure in order to come out of it financially sound? Preparing your bankruptcy filing can include when is the ideal time to actually file for bankruptcy. Some of the items that .. more …
