If you’ve decided to file for bankruptcy, your first step should be to consult an attorney. While it is possible to file without one, a qualified attorney is often important because bankruptcy has long-term financial and legal consequences. Your attorney can advise you on which type of bankr...
Businesses can also file for Chapter 7 bankruptcy, but they are not subject to the means test. For a business, Chapter 7 involves liquidating assets to pay creditors and then closing down operations. This is often the best option for businesses with insurmountable debt and no viable path to p...
Can I file for bankruptcy? If you still can't repay your debts then you may have to file for bankruptcy, which would damage your chances of being approved for a loan for at least six years. One option that can be used to avoid the route of bankruptcy is an IVA – an individual volu...
1:50 what happens if i break my lease? 1:50 what happens if i file for bankruptcy? 1:42 what happens if i die without a will? 1:43 should i rent or own property? 1:47 what happens if my debt goes to a collection agency? 1:58 what happens if i defer my student loans? 1:...
Bankruptcy filing will stay on your credit score for years, which can hinder your ability to obtain a credit card, loan, or mortgage in the future. For this reason, we always recommend consulting an experienced attorney before choosing to file for bankruptcy. ...
When Should I File For Bankruptcy? The Balance has a comprehensive checklistof the level of need you need to exhibit before you might successfully be approved to file for bankruptcy. (Unless a creditor or agency petitions a court to impose bankruptcy on you.) ...
Discovering what debts the court can and cannot wipe out when you file for bankruptcy may surprise you. Read on to find out how this would affect you.
can't be discharged in bankruptcy, but that's a myth. While very difficult to do, it is possible, and you might consider this route if you have exhausted all other options and meet the criteria for discharge. Here's what to know if you are wondering how to file bankruptcy on student ...
Bankruptcy: Filing bankruptcy might stop the process, at least temporarily.789 Negotiation: Any agreement you reach with your creditors can stop the process. It may be worth trying to negotiate so you can take some control over the situation. For example, the Internal Revenue Service (IRS) may...
Read: What Bankruptcy Law Is and Reasons to Study It. Signs That a Law School Excels at Preparing Consumer Protection Lawyers Students interested in this field should look for law schools that offer classes on consumer protection law – not all schools do. It's also benefici...