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...
Bankruptcy writes off debts that you owe. It affects your credit history for six years. Learn what it means to declare yourself bankrupt.
Those costs could run into hundreds of thousands of dollars, and without insurance, you may be forced to declare bankruptcy. Moreover, if you are uninsured and are injured in a car accident for which you are not at-fault, you cannot sue the at-fault driver for damages. That leaves you ...
A debtor who receives a deficiency judgment may seek exemption from the lender or other creditors, file a motion to overturn the judgment, or, if necessary, declarebankruptcy. In any case, if a debtor is let off the hook from the full repayment of a loan, theforgiven debtis considered inc...
Courts, when you declare bankruptcy, a court may discharge certain types of debts while restructuring others and preserving assets. Discharging a debt in bankruptcy releases you from personal liability. Individuals can represent themselves in bankruptcy court or consult a bankruptcy attorney if they ...
The creditors, who stopped all collection actions when it was first filed in court, simply wait for the distributions to be made to them by the Trustee in Bankruptcy who acts as the administrator. What happens after I sign the consumer proposal papers? Shortly after you sign the papers the ...
You can call up each issuer and ask them to lower your interest rate. Tell them that you want to focus on paying off your cards so you don’t have to declare bankruptcy and if they agree to lower your rate, it will really help. ...
See what happens when you provide data and logic instead of repeat the dictates of others with no substantiation?And no, I'm not perfect. Not even close.But I do try and improve and help others improve.As opposed to, you know, gloating over the (however minor) failings of others. ...
If this ever happens it is just a back door for online censorship, don’t fall for it. –Constantly at “terrorist” Iran. The fact that Iran is still standing and has got a good future with Russia and arms sales, proves that America/Israel’s foreign Middle Eastern policy has failed....
debts more manageable, such as reducing the interest rates, canceling some portion of the debt, or giving you longer to repay. Debt relief often works to the creditor’s advantage as well, as they are likely to get more money out of the arrangement than if you were to declare bankruptcy....