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bankruptcy

Bankruptcy in Real Life: Not Like in the Movies

Americans love a good movie; particularly a good courtroom drama or a good lawyer played by a Hollywood celebrity. There’s nothing wrong with enjoying a good bit of fiction and in some cases, the reality may not fall too far from the fictional story presented on the big screen. The ...
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bankruptcy

An Overview of California Personal Bankruptcy Options: Chapter 7 and Chapter 13

If you find yourself in an impossible financial situation, you are not alone. Hundreds of thousands of Americans find themselves in the same situation every year. Those hundreds of thousands turned to bankruptcy for a clear-cut solution. Many others are still out there, struggling to make ends meet or failing ...
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bankruptcy

Solutions for “Grown Up” Borrowers Who Can’t Pay their Debt

Most individuals have borrowed money at some point in their lives. For many, it began at an early age, needling parents into making purchases with promises to do chores to “pay them back” after the fact. This type of borrowing didn’t usually involve a written contract or a signed credit ...
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bankruptcy

What Happens When Someone Borrows Money and Can’t Pay it Back?

People have been lending money to each other since the creation of currency – and before that they were lending goods and services. That means that there’s been a problem plaguing society since, basically, the beginning of time – what happens when someone borrows, but can’t pay it back? The ...
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bankruptcy

Tricks to Rebuilding Your Credit After Declaring Bankruptcy

After declaring bankruptcy, your credit score will be seeing new lows. Some people find this extremely discouraging. It can easily be taken negatively, but when weighed against the benefits offered by filing, there’s no comparison. The best approach is to know before you file that you are going to immediately ...
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341 meeting

What to Expect at the 341 Meeting

Every debtor must attend a meeting called the meeting of creditors or 341 creditors meeting. It’s a mandatory requirement for anyone who files for bankruptcy. If you happen to miss your first meeting, it could be rescheduled, but if you miss your second 341 meeting you run the risk of ...
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bankruptcy

Five Things You Should Never Do When Filing for Bankruptcy

In today’s difficult economic landscape, there are many who find themselves facing a seemingly impossible financial crisis. Unsecured debt piles up to insurmountable levels. Unexpected medical bills can destroy even the healthiest of financial plans. Unforeseen circumstances have a way of cropping up at the most inopportune times and sweep ...
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bankruptcy

5 Questions to Ask When Trying to Decide if You Should Declare Bankruptcy

When trying to decide if you should declare bankruptcy there are 5 questions you should ask yourself. Knowing your answers to these questions will enable you to feel comfortable and confident in your choice. This is extremely important because of the fact that deciding how to resolve your financial crisis is a ...
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bankruptcy

Bankruptcy: Positives and Negatives of Filing

No one wants to be viewed as compulsive. We all know that there are times when making one more “to do” or pros and cons list is simply not productive. But there is a time and a place for everything and if there’s one time and one place when making ...
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bankruptcy

Bankruptcy Dictionary: Know Your Terminology, E-Z

Bankruptcy filers everywhere find themselves annoyed when they don’t understand their own paperwork. You aren’t alone. There’s a reason bankruptcy lawyers bring such peace of mind to the table during the proceedings. They know what they’re doing. They know what’s happening and they know what’s going to happen next. Having ...
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