In the recent years the number of people filing for bankruptcy has steadily increased. According to American Bankruptcy Institute, the number has increased to almost 50 percent from that of the first half of this year.
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Tags: bankruptcy

The new Telemarketing Sales Rule of the Federal Trade Commission is all set to give a tough fight to the menace of debt relief scams from September, 2010.
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Tags: Consumer Debt Relief Programs, debt relief, Federal Trade Commission

You have lost a lawsuit and you are feeling at your wit’s end! You are absolutely unsure how you will pay off the debts and what might happen if you fail to pay them. Your peace of mind is at stake and you do not know how to cope with the ordeal.
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Tags: bankruptcy, bankruptcy attorney, Chapter 13 bankruptcy, Chapter 7 bankruptcy, debt relief

It is often seen that after bankruptcy filing,

individuals are reluctant to get back to the world of credit cards all over again. A notion persists that it is the overuse of this credit that binds them with the chain of debts pushing them further towards bankruptcy filing.
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Tags: bankruptcy, Credit Card

The federal law offers a wide range of exemptions to bankruptcy Chapter 7 filers,

belonging to the states that have not opted out of the federal exemptions. These exemptions, like the state exemptions, typically help the debtors to keep their prized possession from liquidation.
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Tags: bankruptcy, bankruptcy attorney, Chapter 7 bankruptcy, debt relief