Category: Bankruptcy Issues Archive
Thinking About Filing Bankruptcy: The People Who Should File
Layoffs, pay cuts, foreclosures…there are so many reasons for the drastic increase in debt burdened Americans who are toying with the idea of filing bankruptcy. Some are filing personally and some are filing for their business. In the fiscal year ending September 30th, 2008, the number of filings reached 1 ...
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Can the Trustee Come After My Assets when My Ex Files Bankruptcy?
When your ex files bankruptcy soon after the divorce, in some cases, the trustee will discover discrepancies in the handling of the marital assets. If they do, they could contact you regarding assets that your ex is entitled to that you may be in possession of in order to use ...
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Can You File for Bankruptcy on a House that Your Ex Got in the Divorce?
Sometimes the FINAL divorce decree isn’t quite as final as we would have liked. In many instances, what seems cut and dry at the time of the divorce isn’t as simple as you thought. For instance, your ex may get the house in the divorce, but if it isn’t specified ...
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Can I Buy My House Back at Auction After My Bankruptcy?
You filed for Chapter 7 bankruptcy earlier in the year and included your home since you owed substantially more than its now worth. You are still occupying the home and are now wondering if you can buy your own house back at the foreclosure auction. You have the money, but ...
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Can I Walk Away from My Inheritance Before Filing for Bankruptcy?
Sometimes receiving an inheritance is amazing. Sometimes it’s a blessing. Sometimes it can even be a downright lifesaver. But then there are times when you feel like it’s the last thing you want! Some who have finally turned to bankruptcy as a solution for their impossible financial situations will be ...
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Should You Protect Your Home by Filing for Bankruptcy?
We’ve all had ups and downs financially. The problem comes when the down is completely unexpected or far below any expectation for which you may have made preparations. Regardless of how it happened, sometimes we can’t make it happen financially. If you find yourself in this situation, you may have ...
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Bankruptcy and Your Mortgage: Questions Answered
No matter how thorough we think we are when it comes to discussing bankruptcy and your mortgage, there are bound to be more questions. But we’re talking about your home here. It may be where you grew up. It may be where you raised your own kids. It may the ...
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Winning a Judgment Disrupted by Bankruptcy
When you hire someone to complete a job, pay them up front and then have to watch them walk away from it without completing it you can file a judgment against them in court in order to receive a return on the price you paid for any work that wasn’t ...
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College Credit Cards Mistakes, the Statute of Limitations and Bankruptcy
Going to college is (in most cases) an excellent decision. It’s a good choice, a worthy goal, a nice move, a lovely aspiration, etc. But for some reason, once the decision is made many of us lose all logic. We suddenly BECOME college students. And college students, seemingly by definition, ...
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What Counts as an Asset to the Bankruptcy Court?
Some consumes fear filing for bankruptcy because of what they think the will have to give up. We all work hard for what we have. Even if what we have isn’t much, we still don’t want to have to give it up and start over. It makes bankruptcy seem like ...
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