Bankruptcy Myths

The Benefits of Bankruptcy

04/10/13

Bankruptcy Benefits The term “Bankruptcy” is not a four letter word.  Many people think that bankruptcy will ruin their credit for the rest of their life, and leave them without the option to purchase a new home or car.  Many of the myths that surround bankruptcy simply are not true, and in most cases, there [...]

The post The Benefits of Bankruptcy appeared first on National Bankruptcy Forum.

[more]

Common Bankruptcy Myths

03/16/13

Most people have a negative association with the word bankruptcy.  However, often what you heard is misleading and misinformed statements from people who are not well versed in bankruptcy law. Many very successful people and businesses have filed bankruptcy and have gone on to become very prosperous.  That is why we urge you schedule a [...]

The post Common Bankruptcy Myths appeared first on National Bankruptcy Forum.

[more]

Do It Yourself Bankruptcy – a good idea?

12/03/12

Ever heard of do-it-yourself brain surgery or building your own rocket to fly to the moon? Bankruptcy isn’t brain surgery or rocket science, but it sure isn’t making Kool-Aid either. Legally you can file bankruptcy on your own, but that doesn’t mean you should, does it? Don’t Take it from Me, Ask the Federal Government [...]

[more]

Dealing With a Financial Surprise

05/24/12

There are two typical types of financial setbacks that lead to bankruptcy for most people: a huge surprise, and a slow and steady increase in debt.  If you are on the surprise side of things, as many of us are from time to time, it is important to follow several important steps.  If you just [...]

[more]

Negotiate With a Chapter 7 Trustee, Not The Credit Card Company

05/22/12

So you have some excess equity in your car of some other assets, but you cannot afford a Chapter 13 repayment plan and your income is under the median income for your family size. You still need a bankruptcy discharge to get a fresh start and begin rebuilding your credit. What should you do? In [...]

[more]

What City and State Should I File for Bankruptcy In?

05/10/12

What City and State Should I Look For a Bankruptcy Attorney In? Perhaps you have recently relocated to be closer to family or friends, were forced to move for a job or, simply have ties to two locations. To make matters a little more uncomfortable, you’re in financial distress and are considering hiring a bankruptcy [...]

[more]

What City and State Should I File for Bankruptcy In?

05/10/12

What City and State Should I Look For a Bankruptcy Attorney In? Maybe you have recently relocated to be closer to family or friends, were forced to move for a job or, simply have ties to two locations. To make matters a little more uncomfortable, you’re in financial distress and are considering hiring a bankruptcy [...]

[more]

How Oscar Wilde Can Help You Find the Best Bankruptcy Attorney

05/08/12

Look for value when selecting a bankruptcy attorney If you’re considering bankruptcy as an option for dealing with mounting debt, and are in the process of looking for an attorney, you may want to stop and take a moment to read Oscar Wilde. No, I don’t suggest looking through Wilde’s plays, books and poems because [...]

[more]

How Oscar Wilde Can Help You Find the Best Bankruptcy Attorney

05/08/12

Look for value when selecting a bankruptcy attorney If you’re considering bankruptcy as an option for dealing with mounting debt, and are in the process of looking for an attorney, you may want to stop and take a moment to read Oscar Wilde. No, I don’t suggest looking through Wilde’s plays, books and poems as [...]

[more]

How can I tell if my student loan debt is dischargeable in bankruptcy? Must I exhaust administrative remedies before seeking discharge?

05/03/12

Student loan debt and bankruptcy The topic of student loan debt and bankruptcy: most every bankruptcy and personal finance related website out there has written about it on numerous occasions. In fact, I authored a comprehensive post on the subject just a few weeks ago for this site. However, the rules are worth repeating because it [...]

[more]