BankruptcyLawNetwork

Is Bankruptcy The Only Way To Deal With Debt?

10/05/12

Is bankruptcy the only way to deal with debts?  Not necessarily.  But, as with so many things, the answer to this question takes knowledge and experience.  I will set out some of the options that can be available in dealing with your debts and will discuss these options a little more in depth in subsequent posts.

Options:

Typically, there are four ways to deal with your unsecured debts.

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Creditors Plan To Snatch Assets From Bankruptcy Trustees

09/25/12

http://www.flickr.com/photos/psykotrooper/

Creditors are starting to talk up how to snatch assets away from bankruptcy trustees who don’t even know they’re coming.

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Federal Bankruptcy Insurance Exemption

09/23/12

There are two main federal bankruptcy exemptions for “unmatured” insurance contracts, 11 U.S.C. § 522(d)(7) and (d)(8):

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