A personal bankruptcy attorney, as the term suggests, is a legal professional who can help individuals with their specific bankruptcy cases. There are two main chapters in the bankruptcy code that deal with this sort of bankruptcy. These chapters are chapter 7 and chapter 13. The chapter 7 describes the laws pertaining to total elimination of all sorts of debts, excluding a few exceptions, such as students loan.
Personal Bankruptcy
June 28, 2010 By
Personal bankruptcy is the most common form of bankruptcy. The bankruptcy laws in the bankruptcy code have provided various provisions for personal bankruptcy. In this competitive world, things move very fast, therefore, in an attempt to meet the standard of living set by the society, many people fall in the cruel trap of various kinds of debts. If you are not very careful in handling your financial matters, these debts may put you in a deep financial trouble and sometimes, things may just go out of your control. There might be a situation when the debts you owe to the various creditors are much higher than the assets you own and the means of income you have. This is the time when you would probably like to give your financial life a fresh start by closing the old chapters. Here, you will have to take the help of various chapters as described in the bankruptcy code. Let’s go exploring the various options that the bankruptcy code provides you.
Assessing The Filing Bankruptcy Cost
June 27, 2010 By
If you are not aware of the various intricacies involved in filing bankruptcy, and if you are not very careful while filing the court petition for bankruptcy, the filing bankruptcy cost may amount to a much greater figure for you, for which you may have to look out for some other solution. filing bankruptcy simply means that you are running into deep financial trouble, where you are not in a position to pay off the debts you owe. It is a reason enough why you would also like the filing bankruptcy cost to be restricted to a low amount. You can do this easily. All you need to do is to be a little more careful in choosing the right bankruptcy attorney for you. You are also supposed to be very careful in gathering the information and providing the same in the various bankruptcy forms. It is to be kept in mind that any missing information may cause an unnecessary substantial rise in the overall filing bankruptcy cost.
Business Bankruptcy
June 25, 2010 By
Business bankruptcy is the state in which the businesses lose control of their finances. Their finances are mismanaged to an extent where it is almost impossible to pay off the debts or the business owes. In such cases, the only option available to the business is to file a court petition for business bankruptcy. As per the various bankruptcy laws specified in the bankruptcy code, there are two types of bankruptcy claims that the businesses can file. Let’s go exploring the same.
Bankruptcy Law Change
June 25, 2010 By
Bankruptcy law change is a common practice that comes into effect from time to time. The following bankruptcy information may prove valuable for you, as it will help you understand regarding the latest law changes regarding filing bankruptcy.
Bankruptcy Law Attorney : The New Law Changes
June 25, 2010 By
If your business is going through a tough phase and you are planning to hire a bankruptcy law attorney to help you find the best way to come out of the difficult situation, it is very important for you to make sure that the lawyer you are hiring, is well aware of the certain law changes that have come into effect recently. When it comes to business cases, there are two major changes that you have to take care of.