What You Need to Know about Bankruptcy

Written by admin on December 27, 2013. Posted in Bankruptcy tips and tricks, Chapter 13 bankruptcy indiana, Chapter 13 bankruptcy information

Chapter 7 versus chapter 13 bankruptcy

Many people wonder what is Chapter 7 and Chapter 13 bankruptcy. Before we can go into the specifics, it is important to understand what bankruptcy is exactly. Bankruptcy is a legal status obtained by a court order that declares that a person is incapable of repaying their debts to creditors. Bankruptcy is a serious process that should not be undertaken without serious consideration. Despite this, almost 1.25 million Americans will file for bankruptcy this year. Fortunately, this is down from the 1.38 million Americans who filed last year. Some of the more famous people who have filed for bankruptcy include Mike Tyson, Willie Nelson, Elton John, Larry King, Jerry Lee Lewis, and Anna Nicole Smith.

Bankruptcy law in the United States is governed under Federal law. Specifically, bankruptcy

Three Common Bankruptcy FAQs

Written by admin on September 5, 2013. Posted in Bankruptcy tips and tricks, Personal bankruptcy rules, Which is better foreclosure or bankruptcy

Indiana bankruptcy attorney

Did you know that Thomas Jefferson, Ulysses S. Grant, William McKinley, and Abraham Lincoln all filed for bankruptcy? And that in just one financial quarter in 2012, nearly 10,000 people filed for bankruptcy in indiana? Financial problems afflict many Americans, and for some, bankruptcy is the answer. However, bankruptcy takes a serious commitment that must be considered carefully beforehand, and the following bankruptcy FAQs can help you decide if it is the right decision for you.

Who files for bankruptcy? Anyone can file for bankruptcy, and those who do come from countless backgrounds. In addition to several presidents filing for bankruptcy, so have numerous celebrities, including Mike Tyson, E