It is very important that you know about bankruptcy laws, if you are in debt. Certain legal provisions are very helpful in making a fresh start. You can opt for a repayment plan to pay off your creditors or you could liquidate some of your assets in order to clear dues.
Student Loans In Bankruptcy
June 28, 2010 By
When bankruptcy is granted to a debtor, certain debts are dischargeable while certain other types of debts are non-dischargeable. The non-dischargeable debts are the debts are not completely eliminated even after granting bankruptcy to a debtor. They are supposed to pay off the same. Student loans in bankruptcy are the non-dischargeable debts.
Personal Bankruptcy Attorney- Your Guide In Difficult Financial Times
June 28, 2010 By
Before you file for personal bankruptcy it is a must that you consult a personal bankruptcy attorney. It is a must because you need to be aware of what your options are before you file for bankruptcy. Your personal bankruptcy attorney might be able to provide you with other options of dealing with your financial problems. Furthermore, recent changes in bankruptcy laws make it imperative that you consult and hire a bankruptcy attorney.
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.
Ohio Bankruptcy Laws
June 28, 2010 By
The various states in the United States have different bankruptcy laws and Ohio is not an exception. Ohio bankruptcy laws are different from the bankruptcy laws in other states in several senses. If you are living in Ohio and are planning to file court petition for bankruptcy, it is very important for you to make sure that the bankruptcy lawyer you have hired to handle your specific bankruptcy case is very well aware of the Ohio bankruptcy laws.
A Brief Insight Into Bankruptcy And Filing Bankruptcy
June 27, 2010 By
Bankruptcy is a legal term that declares that the person or organization declared bankrupt is unable to pay the debts they owe to their various creditors. However, it is not necessary that all the debts will be included in the bankruptcy discharge. It depends on the way the case has been debated by the debtor and his creditors in the bankruptcy court. The debtor filing for bankruptcy will be responsible to pay off any debts that the court decides to exclude from the bankruptcy discharge.