Tag: bankruptcy process Archive
The 3 Worst Things to Do Before You Declare Bankruptcy
If you’ve decided to declare bankruptcy, I hope you’ve talked to a professional and you have all your ducks in a row. But if not…you may be unaware of a few very important aspects of bankruptcy. First, it’s a real legal process. You can’t just fly by the seat of ...
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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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HELOC and bankruptcy: Negotiating, Foreclosing or Settling?
If you have questions regarding how filing for bankruptcy will affect your home equity line of credit, meet with an attorney and have HELOC and bankruptcy explained to you before proceeding. When you file for bankruptcy, the trustee reviews your case. If the trustee has no issues with your petition, ...
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Filing for Bankruptcy to Save Your Assets: Waiting Could Hurt You
One of the most frequent mistakes made by bankruptcy filers is that they wait too long to file. It’s natural to feel a reluctance to start the bankruptcy process. Considering filing for bankruptcy and actually filing are two very different things, but don’t allow yourself to get stuck in the ...
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The 4th Step in Becoming Debt Free in 2015: Your Time on Stage
Once your bankruptcy case is filed, you’ll be surprised how quickly and smoothly the process moves along. Remember that millions have filed bankruptcy before you and the process has been fine tuned into a streamlined process. Tens of thousands of bankruptcy cases are handled per month in each state across ...
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After Filing for Bankruptcy – Understand The Expectations
Once you’ve decided to file for bankruptcy and hand picked the bankruptcy attorney that makes you feel most comfortable, it’s important to understand the expectations. Specifically, you need to know what will be expected of you throughout the bankruptcy process. You can’t just shake your new bankruptcy attorney’s hand and ...
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Top 3 Mistakes People Make Before Filing for Bankruptcy: Avoid Common Bankruptcy Mistakes
Once you’ve made the decision to file for bankruptcy, it is usually best to take your time to ensure it is done right. It is very rare that a bankruptcy needs to be filed on an emergency basis. Unless you fall into this rare instance, take the time necessary to ...
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The Trustee Assigned to Your Bankruptcy: What If You Know Him?
Anyone who files for bankruptcy in the U.S. is assigned a trustee who will administer the case. A trustee must be impartial in order to carry out the expected duties. If you personally know the trustee assigned to your bankruptcy, the relationship represents an ethical issue. During the bankruptcy process, ...
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Is Bankruptcy the Answer for Student Debt Relief?
If the amount of student loan debt you were left with after furthering your education is astronomical in comparison to your income as a graduate, you might not see a way to pay off your loans. You may have considered bankruptcy as a means of student debt relief. But you heard ...
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What Type of Debts Can California Bankruptcy Discharge?
Debt is something of a nasty word in today’s society. It is on the tip of everyone’s tongue when it comes to our nation’s financial health, so is it really that surprising to hear that a large percentage of American households are struggling to stay afloat amongst overwhelming debt? The ...
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