You need to file for bankruptcy through a bankruptcy attorney, but how do you pay him? After all, you don’t have any money. This is a common question that people ask when they are forced to file. Bankruptcy attorneys are ready for it. Here are some of the ways they suggest you pay them: • […]

When a person or organization cannot repay what it owes to its creditors, it can legally declare bankruptcy (literally “broken table/bench” from the Latin, and called “put into administration” by the British) and be declared insolvent, removing its obligations to repay most of its creditors. Here’s an explanation of bankruptcy below. Bankruptcy History Centuries ago, […]

Individuals who are in debt and who need to file for bankruptcy can opt for Chapter 7 bankruptcy. It is the preferred application for bankruptcy because it not only works fast but has exemptions that allow you to keep your basic property, like your home and your car and household items. There are people for […]

For most people who are going into bankruptcy, a good attorney for bankruptcy will make all the difference. They will help you understand the process, they will know how to file the matter so that you get a favorable ruling and they will not charge too much. But just how do you go about finding […]

Bankruptcy attorneys ensure the proper preparation of your bankruptcy petition after advising you if bankruptcy is appropriate for your financial situation and if you qualify. By first finding out why you want to file and if there are other options for you to consider, you can save yourself the expense and regret of a filing […]

A Chapter 13 is a repayment proceeding that combines the benefits of the automatic stay provisions of a Chapter 13 while repaying creditors over a three to five-year period. Any debtor seeking Chapter 13 protection still must qualify to file. Their unsecured debt cannot be more than $360,475 and secured debt over $1,081,400. These figures […]

A bankruptcy chapter 7 is a liquidation proceeding in which unsecured debts are discharged and nonexempt property sold off to pay off certain creditors. Businesses and consumers can use a Chapter 7 to relieve them of overwhelming debt and to save most if not all of their assets from seizure. Any debtor wishing to file […]

Many people facing financial difficulties choose the option of filing bankruptcy to stop creditor harassment, save their home from foreclosure, discharge unmanageable debt, or give them breathing room while they repay creditors over a three to five-year period. Filing bankruptcy is complicated and initially requires that you pass a “means” test. Your state will have […]

Bankruptcy attorney fees will vary depending on your geographical location, type of chapter being filed, experience of your attorney, and the complexities of your case. The bankruptcy section that you choose to file under will also depend on whether your debts are consumer, business, or corporate and whether you want to continue operating your business. […]

Depending on your situation as a business owner or consumer facing financial difficulties, you will want more information about filing bankruptcy and which chapter to file. Although many attorneys in general practice will help consumers file for bankruptcy, you should consider finding an attorney who practices only bankruptcy law. Finding the best bankruptcy attorneys does […]