In the complex world of bankruptcy law, numerous legal instruments and agreements can significantly impact your financial standing and the outcome of your bankruptcy case. One such instrument that often
Bankruptcy is a complicated process, and it can be quite invasive. It requires the petitioner to reveal all of their assets and debts to have those debts resolved. In exchange
Bankruptcy can be a beneficial debt relief option for those who can’t keep up with their current payment plans and provide for themselves. After filing bankruptcy and completing the necessary
The cost of healthcare is a problem for a lot of Americans. Life-saving medical treatment can put someone in enormous debt, even those fortunate enough to have health insurance coverage.
Bankruptcy is an effective way to get a fresh start and get out of crippling debt, but why does it get such a bad rap? Many people are under the
Bankruptcy can provide financial relief for many adults with large amounts of debt. Filing bankruptcy can help people get a handle on their financial situation and get back to living
If you’re in a financial bind and looking for solutions, you may have run across the term “consumer proposal.” While it is a valid alternative to bankruptcy, it is not
Table of Contents When a person or a company files for bankruptcy with the bankruptcy court, their repaid debts go to a specific creditor’s claim (or multiple creditor claims) as
Table of Contents Filing bankruptcy is considered a tough break in the eyes of the average person. It has a negative, even scary financial connotation. While it’s true that bankruptcy
Table of Contents Bankruptcy is a tool available to those who can no longer keep up with payments on their debts. By liquidating assets or setting up a repayment plan,
Credit card churning is the art of using a credit card company’s marketing efforts to your advantage. It is a risky practice, but many use lenders’ strategies to rack up
Those struggling with debt often file for Chapter 7 bankruptcy. When they make this decision, they must fill out and complete a bankruptcy means form test. This test determines whether
One of the most important pieces in getting relief from debt is filing for bankruptcy. Bankruptcy has a host of benefits, including preventing creditors and collectors calls, stopping garnishments or
There are several common myths about bankruptcy. This is understandable, as there are so many aspects of bankruptcy and so little education surrounding it. With the different chapters and types
If you Google the definition for the word “bankruptcy,” the word “insolvency” appears as one of its synonyms — and vice versa. It is true that the definitions of insolvency
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