Bankruptcy Articles

What do you know about bankruptcy chapter 7 filing process? Read to get information about Means Test and legal process to file bankruptcy.

Ever since the housing market began to be decline, other financial sectors have undoubtedly suffered alongside to some degree. Corporate and business bankruptcy cases have emerged more frequently since the beginning of 2008.

With the help of the right attorney, filing for bankruptcy is a hassle free experience. You need to hire an attorney who has ample experience in this particular field.

This article briefly compares and contrasts consumer bankruptcy and debt-settlement as approaches to help consumers overburdened with debt. While admittedly biased, the author clearly favors the personal bankruptcy option.

An option to help bankruptcy attorneys streamline the client intake process and develop consistency within their law firm operations.

The new buzz word is virtual. From virtual games, virtual seminars, virtual phones and virtual everything else, the word is becoming a part of our everyday language. Now virtual has extended to service providers. There are millions of virtual assistants who work for doctors ...

1. If the county courthouse where the debtor(s) are filing bankruptcy is online, you will need to run a Lien Search for every piece of real estate the debtor(s) own. The lienholder information will also tell you if there are any foreclosures or judgment liens on the property which will need to be added to ...

There are TWO things you should find out from the attorney (or ask the debtor in the client intake interview) before you start drafting a bankruptcy petition. These two questions are: ...

Bankruptcy is a huge problem in today’s market. Finances are tight, and jobs are hard to come by. It is unfortunate, but good hardworking people sometimes fall behind on their bills due to unforeseen circumstances like divorce, illness, loss of employment, or various other reasons outside of their control.

At some point almost every individual or family can experience a hardship that makes it impossible to keep up with ordinary living expenses. Loss of income, pay cut, increased expenses, downturn in business, loss of a family member, an adjustable rate mortgage or some medical condition can all cause financial pressure.

The other day, an interesting question came into the 713Training.Com office from a paralegal working on a Chapter 7 bankruptcy petition. The debtor was a widow who claimed most of the debts were only in her husbands name. The paralegal wanted to know if the debts of a dead person should be listed on the bankruptcy petition. She had asked her attorney and he told her to research the topic and get back to him for a discussion.

A personal bankruptcy is a form that when filed will discharge obligations to creditors. Bankruptcy forms can be located online or an attorney can prepare one for you.

The Chapter 7 bankruptcy is our most popular form of personal bankruptcy here in the US. Often times we have to resort to it because we have experienced an unplanned, sudden loss of a job, or a major injury.

Financial problems these days are very common and you shouldn't be ashamed of admitting your too far into debt. Outstanding debts can occur in a variety of different ways. You could be swamped with overwhelming medical bills, laid off from work, or worse. Financial troubles loom everywhere, but luckily theres still one way out If your in too deep.

The information contained in this article is solely intended to increase the skills of paralegals and other legal staff who are employed virtually or non-virtually by bankruptcy attorneys.