BankruptcyLawNetwork

I received a telephone call the other day from a former client.  She stated that she and her husband had just recently built their own house.  I was very pleased to hear this and very happy for them.  These folks had previously filed bankruptcy.  And now, here they are moving into their new home.

Understandably, people are very nervous about bankruptcy.  It can be a confusing and scary process.  But, as these people can attest, there can be financial life after bankruptcy.

Filing a bankruptcy petition is a process in which you disclose important information about your assets, your debts and your income and expenses. Anyone looking at your petition can usually see all they need to know about your financial condition by studying your bankruptcy schedules.

I was listening to Car Talk the other day.  A lady called in and described a problem with her automobile.  A noise was emanating from the engine and the noise would change in pitch as the engine revved.

Chapter 12 bankruptcy is debt relief for family farmers. It allows these farmers to reorganize their debts and save their farms and their way of life. But who qualifies as a “family farmer”?