You would think that a law firm was a law firm. But like doctors, some lawyers specialize in various areas. Now you wouldn’t ask a brain surgeon about a tooth ache, or a dentist about your failing heart. Likewise, why ask a criminal lawyer about bankruptcy, or a bankruptcy lawyer about criminal law. Some law [...]
You may wonder what effect bankruptcy may have on your retirement savings. The good news is, very little. However, it does depend on where your retirement savings are. For example, if you have been putting money aside in a simple bank account or investing through shares then these savings may well be at risk. If [...]
While a bankruptcy petition may help you escape a financial melt down, you have to be aware of the ramifications. The first and most obvious is that details of your bankruptcy are listed with credit reporting agencies. These details will stay on your credit report for a period of ten years. You should understand that [...]
Bankruptcy laws are there to protect everyone – debtors and creditors. There are times when the burden of debt becomes so great that you just cannot meet all the demands being made on you. You may find there are garnishes on your wages and/or bank account, debt collectors knocking on your door at all hours, [...]
When it comes to financial difficulties for individuals, credit cards are one of the biggest issues. There have been cases where individuals have filed a bankruptcy petition, listing a dozen or more credit cards together with another dozen or more store-based cards – all maxed out. Some petitioners are surprised when their application for bankruptcy [...]
Filing for bankruptcy can be a complex task, however, you do not legally need lawyers to act on your behalf. You can do the research, much of it online including downloading of forms, and you can represent yourself in court. However, due to the complex nature of bankruptcy, you may be doing yourself a disservice [...]
When seeking bankruptcy relief there are different regulations that apply depending on whether it is an individual or a business that is seeking relief (note there are regulations that go beyond just individuals or businesses). In today’s post, we will concentrate on those regulations that affect individuals. The regulations are enshrined in legislation that the [...]
Bankruptcy is one of those terms that most people have heard and probably feel they know a lot about. The law can be complicated so making assumptions can be dangerous. Knowing the facts can help prevent problems and may even save you money, time and stress. In simple terms, bankruptcy is a situation where a [...]
Welcome to the Online Bankruptcy Blog. This blog will focus on financial topics of importance to anyone. We are here to help you avoid bankruptcy as well as to provide you with necessary information and resources regarding bankruptcy should you need it. If you are experiencing credit problems or financial difficulties and it looks like [...]
