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How A Tampa Bankruptcy Lawyer Can Prevent A Home Foreclosure With A Bankruptcy Petition

07/25/11

The stagnant economy and depressed housing market has created a huge financial burden for millions of Americans. Many Americans are unemployed and having a difficult time keeping up with their debt obligations. Furthermore, declining home values are exacerbating the financial strain put on families. Millions of homeowners now owe more on their mortgage than the [...]

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Channahon Bankruptcy Lawyer On Chapter 7

07/25/11

Chapter 7 is known as the fresh start case. It doesn’t mean everything on the Chapter 7 bankruptcy is going to be eliminated, but the overwhelming reason for filing a bankruptcy Chapter 7 is someone who doesn’t have a lot in terms of money, doesn’t make a lot of money, and doesn’t have a lot [...]

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Married Same-Sex Couples Can Now File Joint Bankruptcy Petitions

07/23/11

Federal Position Shifts on Same-Sex Joint Bankruptcy Filings The Associated Press published an article July 8, 2011 stating “Federal officials no longer plan to contest joint bankruptcy pleadings brought by legally married same-sex couples…” the article then goes on to explain the position shift and the story of the married men in California that were [...]

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Hoffman Estates Bankruptcy Lawyer Tells About When To File

07/23/11

How do you know when it’s the right time to file bankruptcy?  Should you continue to make minimum payments and tread water?  Should you throw in the towel and demand a fresh start provided for in the U.S. Constitution in the way of bankruptcy protection?  For many Americans, the decision is not made quickly.  Most [...]

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Will Bankruptcy Affect My Loan Modification?

07/22/11

Whether a debtor files Chapter 7 or Chapter 13, her bankruptcy should have no effect on an already completed loan modification, whether the homeowner is making payments under a trial modification or a permanent one as long as the homeowner continues to make his or her payments. One potential pitfall that may arise, however, is [...]

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Why So Many Sports Franchises Have Filed Bankruptcy

07/22/11

Although bankruptcy filings by sports teams have been historically rare, a recent smattering of filings have turned into a trend.  The Los Angeles Dodgers have recently joined the Phoenix Coyotes, the Chicago Cubs, the Texas Rangers and several other sports teams that have filed for bankruptcy within the last 20 years.  Why is this becoming [...]

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Detroit Bankruptcy Lawyer: Can Bankruptcy Stop A Garnishment?

07/22/11

Most people don’t realize that filing bankruptcy can stop a garnishment. The conventional thinking is, “Well, they got the judgment in court, so nothing I can do”. Nothing can be further from the truth. Bankruptcy can and will stop the garnishment, even after your creditor has received their judgment. Your Detroit Bankruptcy Lawyer can stop [...]

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Bankruptcy Discharge

07/21/11

A bankruptcy discharge is one of the most common reasons for filing for bankruptcy.  A discharge releases you from personal liability for debts that qualify under federal law.  It is a permanent order granted by a bankruptcy court.  Any debts you successfully discharge in bankruptcy will basically disappear and your creditors can never come after [...]

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What Separates Gurnee Bankruptcy Lawyers?

07/20/11

If you are like most people, you may think that there is not a significant difference between bankruptcy lawyers.  You may only be factoring in the fees that attorneys charge when making a hiring decision.  Worse yet, you may be solely relying on location for which lawyer you hire.  The truth of the matter is [...]

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Can I File Bankruptcy Twice?

07/19/11

Can I File Bankruptcy Twice? Bankruptcy is a delicate legal process requiring skill and experience in order to avoid the many pitfalls inherent in the legal process. To get you through the process and navigate smoothly through the world of bankruptcy, you need an expert bankruptcy attorney, that is, an attorney who specializes in bankruptcy [...]

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