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14
July
2011
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 s
5
January
2011
Do you know what is a cramdown in bankruptcy? This means that a person filing bankruptcy will pay the reduced current value of a secured lien rather than what he was supposed to pay as per the original agreement. This is essentially a legal way to get rid of a part of the debt. The bankruptcy cour
8
October
2010
With the recent changes occurring in the finance market, economic downturn has led many individuals to file for personal bankruptcy. It may not be a preferable solution for many but sometimes there are no other options to look forward to. With economical conditions becoming worse, more and more peo
2
September
2010
Under the penalty of perjury, you need to swear that the information disclosed in the bankruptcy papers is true and complete. One of the primal things include that if the forms are incomplete or inaccurate it can lead to dismissal of your case by the court. Even worse the court can take legal action
5
August
2010
When you file for Chapter 13 bankruptcy, you get 2 hearings scheduled, unlike Chapter 7. The first is the 341 Hearing, or the Creditor’s Meeting, where the creditors inquire about your financial state under the vigilance of the court appointed trustee. The additional hearing is called the Confirma
30
July
2010
Filing Chapter 7 bankruptcy is a preferred solution of the debtors due to its fast and effective ways. The fact that it does not require payments over time also makes it highly acceptable. However before you decide on Chapter 7 bankruptcy you need to check out whether you qualify for the Means Tes
25
July
2010
In the recent era the financial downturn has led many individuals to file bankruptcy in order to get rid of their debts. Undoubtedly it has also turned out as an effective debt relief fix for your uncountable debts. However, there are some tagged features which you need to consider while filing ba
25
July
2010
Your finances are dilapidated! Debts have taken a mighty toll on your life and finally you have filed for Chapter 7 bankruptcy with a hope to get your debts discharged. Yet there is a little tension that is lingering at the back of your mind. What if your petition gets dismissed? It is indeed
18
July
2010
Bankruptcy filing in your state gives you a chance to restructure your credit score and give a fresh start to your finances. Getting it done with the help of a bankruptcy attorney has its share of positive markings. However there is another important player whose role in this regard cannot be unde
5
July
2010
Are you or a loved one a member of the armed forces and facing bankruptcy? If so, then you should know that your (or your loved one’s) bankruptcy procedure will be slightly different than for a civilian. Bankruptcy is a court procedure governed under Title 11 of the United State Code. Most indi
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