Helping People Recover from a Debt Crisis

« Back to Home


Faqs About The No Asset Bankruptcy

Posted on

When you file for Chapter 7 bankruptcy, the trustee has the right to take possession of some of your assets so that he or she can sell them to pay off creditors. However, if you do not have any assets that the trustee can take, you might have to file a no asset bankruptcy. Here is what you need to know about the process.  What Is a No Asset Bankruptcy? Read More»

Addressing Common Questions About Filing For Bankruptcy

Posted on

There is a common misconception that people only need to file for bankruptcy because they have been irresponsible with their money. However, this is not always the case, and there are a variety of things that can force a person to seek this type of protection. You may not be familiar with this type of legal protection, and as a result, you may benefit from learning the following answers to common bankruptcy law questions. Read More»

Facing Foreclosure? Does Your Lender Have The Right To Sue?

Posted on

If you’ve fallen behind on your monthly mortgage payments, you may have already begun receiving threatening letters from your bank or mortgage lender. After a certain period of time has passed without payment, you’ll be declared in “default” and the bank will file a lawsuit to foreclose your mortgage. However, in today’s mortgage market, where loans are bought, packaged, and sold multiple times over the life of the loan, the bank that files a foreclosure lawsuit may not even be owed money. Read More»

Filing For Bankruptcy: Reversal Of Preference Payments To Insiders

Posted on

With the U.S. economy still struggling to climb out of debt, many Americans are looking to catch a break financially by filing for bankruptcy. The final count for 2014 U.S. bankruptcy filings was approximately 910,090. And during hard times, most people turn to family members and friends to help them out, and many people have asked family members and friends for a loan. However, problems can and will happen when you attempt to pay your relatives and friends back before you file for bankruptcy. Read More»

3 Alternatives To Filing For Bankruptcy

Posted on

Filing for bankruptcy is not a decision that should be taken lightly. Even when it feels like times are tough, you may still be deciding if bankruptcy is right for you. Bankruptcy should be used as a last resort, which is why you should evaluate your financial situation carefully before officially filing Negotiate Your Debts If you have debts that will be wiped away by filing for bankruptcy, some of your creditors will be left with nothing. Read More»