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 [...]

A lot of people end up sabotaging their bankruptcy case due of lack of proper knowledge. This can seriously hurt your chances of discharging debts through this debt relief process. Read the following tips to avoid the typical mistakes which debtors make while in bankruptcy:

It is not without reason that most people consider bankruptcy as a last resort. Bankruptcy is not only a blow to your financial status and credit score but also a social stigma. It poses a serious question to you trustworthiness and sense of responsibility. Under the circumstance, it is no wonder that a large number of people are worried about the fact that who can find out you have filed bankruptcy. There is nothing to be ashamed about because bankruptcy has serious implications on your socio-economic life. Therefore, your concerns are quite reasonable.

The recent financial recession has hit the U.S economy big-time. According to a recent report, close to forty five million U.S citizens are collecting food stamps. The United States Supplemental Nutrition Assistance Program (SNAP) is commonly referred to as the food stamp program. The Federal government, through this program, helps the low income people in the U.S. As the bankruptcy rates are soaring in the U.S, more and more people are turning to food stamps. In Texas, close to 16% of the population is receiving food stamps. Unbelievable, isn’t it? During bankruptcy, the food stamp program can provide major support to a debtor. It can help him to provide nutritional food to the family as he looks for a jobs, tries to pay off remaining debts and attempts to get his financial condition back to normal. But you must know what it takes to be eligible for food stamps. So here are the necessary details:

The bankruptcy reform laws that were passed in 2005 made it mandatory for the people considering insolvency to attend a credit counseling session. However, it is quite difficult to understand whether you are contacting the right credit counseling agency or not. Connecting with the wrong agency can blow your chances of filing bankruptcy. Therefore, you should keep in mind the following points before you proceed: