In a historical verdict, a bankruptcy court in the central district of California held up the right of same sex married couples to file a joint Chapter 13 bankruptcy. According to 20 of the 24 judges, the Defense of Marriage Act (DOMA) is completely unconstitutional as it restricts legally married same sex couples to file [...]

Before you plan to file bankruptcy you should be aware that the court scrutinizes everything you do prior to filing. Therefore, it is crucial to take appropriate steps and avoid mistakes as that might lead to the disapproval of your petition. Things that you should not do before filing bankruptcy When you decide to file [...]

Bankruptcy filings in the U.S have been on the rise since the recent economic depression. Data from the Federal Reserve discloses that 1,593,081 non business bankruptcy cases were filed in the fiscal year 2010. That is a pretty scary figure. May be you are contemplating bankruptcy owing to an acute financial crisis. What if you [...]

Massive consumer debt in the U.S has pushed millions of people in deep financial crisis. Quite naturally, bankruptcy rate in the U.S is skyrocketing. A lot of debt-stricken American people try to eliminate their debt by filing Chapter 7 bankruptcy. They hope to make a fresh start by discharging their debts. Chapter 7 bankruptcy can [...]

Filing bankruptcy is the last resort for many people who are struggling hard to come out of debts. But do you know that filing bankruptcy can affect your insurance premium? This article will discuss whether there is any repercussion on the life insurance rate due to the bankruptcy process. Bankruptcy and life insurance Your existing [...]