Depending on your overall credit picture, there are some ways to avoid filing for bankruptcy. Look at your options and choose the option that best serves your needs. Whether it be going through a non profit counselor or negotiating on your own, don’t put yourself at the mercy of the creditors. Speak up and ask [...]
Bankruptcies in the United States are ever rising. It seems as though people are not paying close enough attention to their finances until it is too late. The best way to recover once you find you have declared bankruptcy is to protect whatever credit you are left with intact. Make all payments as promised and [...]
Chapter 11 Bankruptcy is a petition that is filed with a court either by the debtor, or by a debtor’s creditor. Included in the filing usually will be a document called a disclosure statement. This document lists a debtor’s income, assets, liabilities and a plan for action. Chapter 11 is usually used for a business [...]
The federal government is responsible for regulating and overseeing the Bankruptcy proceedings in the United States. They have set up guidelines regarding what items can be exempt from creditors attempts at collection. Congress does allow states to decide whether to follow the federal guide or to set up their own guidelines. Sixteen states allow their [...]