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What is the Fastest Way to Get Out of Debt?

06/26/12

How Can I Get Out of Debt Fast? The fastest way to get out of debt is to send a check for the full balance of what you owe or negotiate a reduced payoff. If you’re reading this article though, chances are that probably isn’t an option. The next fastest way to get out of debt [...]

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Can Bankruptcy Help? Don’t Ask Google, Ask a Lawyer!

06/18/12

Can Bankruptcy Help? Good question, with no easy pre-packaged answer. If you’re struggling with debt and looking for a way out, it’s in your best interest to at least talk to a professional. There are simply too many variables involved with the “can bankruptcy help?” question to get competent advice from the internet. With sites [...]

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Bankruptcy Vehicle Exemption in California

06/18/12

Bankruptcy Vehicle Exemption in California California bankruptcy filers must choose the California exemptions, since California is among the states that have opted out of the Federal exemption. California has two sets of exemptions: the California exemptions and California’s Federal-like exemptions, which for the most part are the same as the Federal exemptions. Each set of [...]

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Bankruptcy and Foreclosure: What You Need to Know

06/13/12

OK, here’s the deal with bankruptcy and foreclosure. Despite what you may have heard, filing for bankruptcy does not necessarily permanently stop a lender from foreclosing on your home. Filing for bankruptcy will always temporarily stop the bank foreclosing on your home. This is true regardless of which chapter you file under. In some cases, [...]

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Aurora Bankruptcy Attorney David Siegel Says Don’t Fear Your Meeting Of Creditors

06/11/12

According to Aurora bankruptcy attorney David Siegel, the meeting of creditors is provided pursuant to this Section 341 of the United States Bankruptcy Code.  The meeting is often referred to as the 341 meeting of creditors or your bankruptcy court date.  At the meeting of creditors, you along with your attorney are going to be [...]

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Joliet Bankruptcy Attorney David Siegel Explains The Automatic Stay

06/11/12

Joliet bankruptcy attorney David Siegel states that the automatic stay is created immediately upon the filing of your bankruptcy case whether it be a Chapter 7 or a Chapter 13 case.  The automatic stay is a one-page document that gets sent to creditors notifying them of your bankruptcy and prohibiting them from taking certain actions.  [...]

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Chapter 7 Bankruptcy in Arizona: What You Need to Know

06/05/12

Filing for Bankruptcy in Arizona is Different Than Other Parts of the Country Most of the bankruptcy information that consumers will find online is geared towards a national audience. In many ways, this makes sense as the chapter 7 process is somewhat similar throughout the country. The bankruptcy code is federal law, meaning that its [...]

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Chapter 7 Bankruptcy in New Jersey: What Consumers Need to Know

06/04/12

Chapter 7 Bankruptcy in New Jersey When people think of personal bankruptcy, they are usually thinking of chapter 7 bankruptcy. Often referred to as “straight bankruptcy” Chapter 7 allows debtors to quickly discharge unsecured debts, such as credit cards and medical bills, while retaining their exempt assets. Although many have the mistaken impression that they [...]

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Filing Bankruptcy in Ohio: What You Need to Know

06/02/12

Filing for Bankruptcy in Ohio: a Little Different Than the Rest of the Country No two bankruptcy cases are exactly alike. Although the bankruptcy code is organized under federal law and applies in similar fashion throughout the country, each state has its own laws that govern local bankruptcy cases. The Ohio legislature has enacted laws, [...]

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Bankruptcy in Michigan: What You Need To Know

05/31/12

Filing Bankruptcy in Michigan: an Overview Michigan bankruptcy courts are divided into two districts: the Eastern District and the Western District. The Eastern District of Michigan bankruptcy court is further divided into divisions. Bay City, Detroit and Flint all have a bankruptcy court to serve local debtors. Similarly, on the west side of the state, [...]

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