Filing for bankruptcy can be a stressful time for anyone and the last thing you need is to worry about your current employment. This is particularly true if you have filed a Chapter 13 bankruptcy where you have entered into a payment agreement. These agreements continue for a minimum of three years and failure to [...]
Creditors will often threaten overdue debtors with all sorts of dire consequences when, in reality, they are limited in the action they can take. The action that is most often threatened is that your account may be sent to the “collections” department for further action. In reality, let them! Federal legislation is actually quite tight [...]
There are a lot of people who feel that bankruptcy is the easy way out of a financial situation. The fact is, bankruptcy is not a cheap or ‘easy’ way out. It actually takes quite a heavy toll on finances, emotions, and the bankrupt person’s future access credit. On the financial side, filing for bankruptcy [...]
One of the key principles behind a bankruptcy petition is what is known as a ‘Stay’. Once a petition has been filed, the ‘Stay’ comes into force. This essentially stops all actions from all creditors – this includes court actions, foreclosures, and garnishees. All debt collections must stop – this includes letters, telephone, or in [...]
Bankruptcy is a serious business and while you can download forms and even fill them in online, you cannot file for bankruptcy online. A petition for bankruptcy must be filed at the court whose jurisdiction covers your residential address. In fact, you will need to check with the court to find out exactly what documents [...]
