Let’s clear the air about something, bankruptcy IS NOT a “gut wrenching” experience that destroys your life and leaves you awake at night. I’ve heard this ridiculous notion bandied about by the very people who have benefited from bankruptcy in their life.  They file bankruptcy, reap the benefits, then turn around and tell others not [...]

Despite bankruptcy’s bad rap in our culture, its benefits make it the best choice for many people needing a fresh financial start.

Bankruptcy often gets a bad rap in our culture, but the truth of the matter is that, for many people, it is the absolutely best option to escape the stress of insurmountable debt and [...]

According to an article in USA Today, most low-income homeowners facing foreclosure try to fight foreclosure without the help of an attorney.  And while there are lawyers and centers committed to helping the nation’s poor fight foreclosure, many of these legal assistance centers are overwhelmed.
The article said:
“A study to be released today by the Brennan [...]

We are proud to announce the launch of our “Virtual Paralegal” service!

With the introduction of “Virtual Paralegal” anyone who is seeking bankruptcy information can now obtain it with the click of their mouse! We have developed an intuitive natural language search to make searching for bankruptcy information as easy as asking a question in person. [...]

In the bankruptcy case of White, Terry P.; In re, the bankruptcy court overruled a debtor’s objection to his ex-wife’s claim.
The details of the bankruptcy case:
“When the debtor and his wife divorced, he received the family home and was ordered to pay his wife $30,000 out of the proceeds from the property’s sale. She [...]

In the bankruptcy case of Littleton, William L.; In re, the bankruptcy court rejected the debtor’s homestead exemption.
The details of the bankruptcy case:
“The Chapter 7 debtor owned no real prop­erty when he filed for bankruptcy. He disclosed that he transferred 6.64 acres of land in Tennessee about two months prior to filing for bankruptcy. After [...]

You are protected under the Bankruptcy Protection Act if a creditor tries to collect on a discharged debt.
The relief you will have after your bankruptcy is discharged is huge.  Just imagine going from one day not knowing how you are going to pay your bills to the next day having several of your debts wiped [...]

In the bankruptcy case of Raeder, Nathaniel F.; In re (Harrold v. Raeder), the bankruptcy court ruled that the plaintiff’s claim was not excepted from bankruptcy discharge.
The details of the bankruptcy case:
In 2003, due to a broken shoulder and the inability to move around or write, the debtor’s mother (the plaintiff) had delegated to her [...]

Even if the economy recovers it may take a year or two for the rate of business bankruptcies to slow down.
An article from BusinessWeek says that there are no signs that the high rate of business bankruptcy filings will slow down.  In May alone 7,514 business bankruptcies were filed.  This number is up 40% from [...]

Divorce can often be a big factor when people are making the tough decision whether or not to file for bankruptcy.  Sometimes, divorce is the cause of the financial hardship leading the individual toward bankruptcy.  Other times, individuals need to know what the requirements are when it comes to divorce settlement proceedings if you already [...]

This economy has hit senior citizens very hard.  Many seniors were already financially stressed with fixed incomes and rising prices due to inflation when the foreclosure crisis hit, sending many into financial crisis mode, especially those who had refinanced their mortgages and owed significant debt.  For many, bankruptcy has become a “reluctant” option due to [...]

If you listen to some of the “debt gurus” out there who discourage everyone from filing bankruptcy and encourage them to instead work harder to repay debts, then you’ve probably taken on extra work to repay debt only to find that you still can’t make it out of the debt hole.  If that’s you, there [...]